18 October 2017
Register now

Pre-Christmas spending breaks Royal Bank transaction processing record

24 January 2003  |  3154 views  |  0 Pre-Christmas spending breaks Royal Bank transaction processing record

ACI Worldwide says it authorised 10.7 million card transactions for the UK's Royal Bank of Scotland Group (RBS) on 23 December 2002, breaking all previous processing records for the bank.

ACI's Base24 system, which supports RSB's card processing service Streamline, authorised the transactions at a peak of 318 transactions per second.

The vendor says activity for the month was 20% up on last year when the same system authorised 8.6m transactions, peaking at 271 transactions per second.

Jim Tomaney, ACI worldwide marketing director, Emea, says despite concerns about the economy and consumer confidence, UK card transactions continue to rise.

"This is the 13th consecutive year that ACI has seen a record rise in single day transaction volumes around the Christmas period," he says.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Royal Bank upgrades Web site as surfers say 'give it to us straight'

Royal Bank upgrades Web site as surfers say 'give it to us straight'

17 January 2003  |  3683 views  |  0 comments
Royal Bank of Scotland fined over money laundering failures

Royal Bank of Scotland fined over money laundering failures

17 December 2002  |  6056 views  |  0 comments
Off-site machines top Royal Bank seasonal ATM charts

Off-site machines top Royal Bank seasonal ATM charts

16 December 2002  |  4698 views  |  0 comments
Royal Bank of Scotland talks up online mortgage service

Royal Bank of Scotland talks up online mortgage service

11 December 2002  |  4307 views  |  0 comments

Related company news

 

Related company information

ACI Worldwide

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.com visit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15127 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8345 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7845 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7260 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6419 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job