ACI Worldwide integrates digital overlay services for real-time payments modernization

By Pavithra R

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, has announced that the company is accelerating real-time payments modernization for its customers globally through new digital overlay services.

Through collaboration with Mindgate Solutions, ACI will deliver value added digital overlay services through its UP Real-Time Payments solution, enhancing customer experience while strengthening real-time payments offerings.

The new services enable financial intermediaries and banks to add various real-time digital overlay services to support a high volume, data rich digital payments ecosystem for consumer, corporate and merchant customers. Digital overlay services deliver white-labelled mobile apps and web portals, plug-ins, APIs and SDKs for digital and social media channels built on top of real-time payments infrastructure, which help financial intermediaries and banks to keep pace with evolving customer demands.

“The global real-time payments landscape continues to evolve rapidly, with enhanced customer experience sitting at the heart of this transformation, aided by regulatory mandates and new technologies. Today’s consumers increasingly expect a seamless payment experience across multiple channels — whether it’s through social media, physical point-of-sale or eCommerce. Together with our strategic partner Mindgate, we are ensuring that banks and their customers are real-time ready,” said Craig Ramsey, head of real-time payments, ACI Worldwide.

Additional benefits provided to organizations include: a seamless end-to-end solution for contactless and secure QR code payments, including merchant-initiated payments using dynamic QR codes; simplified integration for merchant mobile applications, including support for Request to Pay (RtP); integrated end-to-end bill payment solution for global banks and financial institutions with self service portals and onboarding processes; flexible person-to-person (P2P) payment services based on proxy/alias for added security.

“ACI is a real-time payments pioneer, with a successful track record of working with leading financial institutions around the world. We’re excited to extend our collaboration with ACI to bring market-proven, pre-integrated, innovative digital overlay services to ACI’s growing customer base around the world, helping drive digital payments adoption,” said George Sam, co-founder, Mindgate Solutions.

Established since 1975, ACI Worldwide powers electronic payments for more than 6,000 organizations around the world. It currently supports 18 real-time domestic schemes around the world, including Zelle and TCH in the U.S., and will support FedNow as it moves toward production.