Dai-Ichi Kangyo Bank, a member of the Mizuho Japanese financial conglomerate, has licensed the MTST high value payments processing solution for ACI Worldwide.
Mizuho was formed as a result of the consolidation of the operations of Dai-Ichi Kangyo Bank with Fuji Bank and the Industrial Bank of Japan.
The ACI product will initially be used by DKB in New York for corporate e-payments and settlement, and by Mizuho Corporate Bank, New York when it is legally formed in April next year.
MTS is an integrated payments solution for domestic and international funds transfer. The product runs on IBM RS/6000 servers and is a member of ACI's PaymentWareT family for corporate payments processing.