25 February 2017
Visit EBAday.com

ACI Worldwide upgrades Retail Commerce Server

15 August 2012  |  1906 views  |  0 Source: ACI Worldwide

ACI Worldwide (ACIW), a leading international provider of payments systems, announced today the availability of Retail Commerce Server 5.0, the newest version of the company's integrated payment solution for acquiring, authenticating, switching and authorizing retailers financial transactions across multiple channels.

Targeted for the U.S and Mexican markets, the Retail Commerce Server framework quickly and easily integrates with current and emerging mobile wallet provider applications.

"Our retail customers face a rapidly evolving payments environment and ACI is ready to assist them to seamlessly integrate these changes into their current systems," said Jeffrey Hale, Senior Vice President, Retail Payments, ACI Worldwide. "The latest version of Retail Commerce Server empowers retailers to meet the growing demand for mobile wallet services with near seamless integration into their existing systems. It will result in a stronger relationship with the consumer since they will be able to use the payment means of their choice without having to endure service disruptions."

The updated mobile commerce framework supports the ability to process payments initiated on mobile devices through the retailer's existing payments infrastructure. Most mobile wallets currently operating are designed to bypass the retailer's existing payments infrastructure. As a result both internal and external costs are increased and the retailer's ability to manage the customer relationship is negatively impacted.

By having the transaction flow through the existing infrastructure, retailers will be able to meet consumer needs without introducing any significant changes to their store or headquarter operations. The framework architecture has been designed to quickly and easily integrate with current and emerging mobile wallet provider applications. Retail Commerce Server 5.0 offers a number of other benefits to the customer including:

  • Segmented payment data and configuration rules set for retailers with multiple brands - This new multi-tenant feature allows for a single instance of the Retail Commerce Server payment switch while providing the retailer the ability to uniquely customize each banner or franchise's payment experience as needed.
  • Enhanced interoperability with other transaction types - The integration toolkit (ITK) allows the merchant to integrate their POS application to the Retail Commerce Server payment flow. The ITK handles the message processing from the point of sale (POS) to the payment switch. Retail Commerce Server 5.0 extends in-store support for key transaction types such as a credit application, fleet cards, phone card (PH), and Canadian debit transactions

"In this fast changing payment environment, large retailers require both reliability and flexibility," said George Peabody, Director, Emerging Technologies Advisory Service, Mercator Advisory Group. "They need systems that perform traditional payments functions flawlessly and offer the flexibility to accommodate new payment methods, including mobile wallets, as well as couponing and other incentives approaches. A platform that provides both positions the retailer to deploy new customer-facing services while keeping integration issues to a minimum." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

ACI Worldwide

Related blogs

Create a blog about this story (membership required)
visit BNP paribas

Who is commenting?

Top topics

Most viewed Most shared
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
12506 views comments | 52 tweets | 72 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
8522 views comments | 40 tweets | 34 linkedin
High rate of defaults hit P2P lending sectorHigh rate of defaults hit P2P lending sect...
6771 views comments | 18 tweets | 13 linkedin
BNY Mellon seeks blockchain experts for new emerging biz and tech teamBNY Mellon seeks blockchain experts for ne...
6691 views comments | 7 tweets | 4 linkedin
Visa opens London innovation centreVisa opens London innovation centre
6031 views comments | 20 tweets | 19 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job