24 February 2018
Visit www.avoka.com

MasterCard selects ACI to support processing platform

07 May 2008  |  2219 views  |  0 Source: ACI Worldwide

ACI Worldwide, Inc. (NasdaqGS:ACIW), a leading international provider of software for electronic payment systems, today announced that MasterCard Worldwide has selected ACI's electronic payment solutions as key elements of the new MasterCard Integrated Processing Solutions (IPS).

MasterCard selected ACI's next-generation payments solutions to help create the IPS platform, which provides banks a suite of branded debit network and card issuer processing services including PIN and signature debit and prepaid processing, and ATM driving.

ACI's BASE24-eps serves as the retail payment "engine'' for the MasterCard debit processing platform, leveraging BASE24-eps for ATM transaction acquiring, transaction clearing, and related electronic payment functions. In addition, MasterCard uses ACI Payments Manager to monitor all transaction activity, provide customer support features and manage payment settlement functions.

"The integration between ACI's BASE24-eps and the MasterCard IPS platform puts a powerful tool at the hands of banks to manage their accounts and to differentiate themselves in today's marketplace. The intricacies of the MasterCard IPS platform are facilitated by ACI's Payments Manager and put into a single connection for the end-user,'' said Adil Moussa, analyst with Aite Group, a leading independent research and advisory firm focused on business, technology and regulatory issues relating to the financial services industry.

BASE24-eps uses an open systems advanced architecture to provide intelligent transaction authentication, authorization and routing capabilities, as well as support for advanced ATM features from the leading vendors. This flexibility allows MasterCard to offer its financial institution customers customized and differentiated services. The solution is optimized to provide leading levels of scale, performance, reliability and security. ACI Payments Manager leverages payment and customer information to provide core transaction settlement and clearing capabilities, as well as insight into transaction patterns and trends.

"MasterCard sought the most advanced in-production payments solutions in the industry to help drive the payment innovations necessecessary to lead in this growing market,'' said George Spies, senior vice president, MasterCard Global Operations. "ACI's technology, expertise in the electronic payments business and its range of project and customer support capabilities play an important role in the success of our new platform. We're pleased to be working with ACI on this new and unique offering.''

"We have enjoyed a long and successful relationship with MasterCard over the years,'' said Ralph Dangelmaier, president of ACI Worldwide Americas. "We are excited that they have chosen our integrated solutions to help them meet their goals for market differentiation, time-to-market with new innovations, security, customer service levels, transaction performance and overall reliability. We look forward to working with MasterCard on this new initiative.''

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 www.vasco.comRegister for the webinarvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11509 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10243 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8305 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7872 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7606 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job