18 December 2017
visit http://response.ncr.com

ACI Worldwide joins International Payments Framework Association

20 October 2010  |  3329 views  |  0 Source: ACI Worldwide

ACI Worldwide (Nasdaq:ACIW), a leading international provider of payment systems, today announced that it has joined the International Payments Framework Association (IPFA).

Launched in February 2010 by a group of 21 banks, clearing houses and associated payment service providers, the IPFA has as its prime purpose the provision of business rules, standards and operating procedures to improve non-urgent cross-border credit transfers. This new association is creating a contractual framework, based on the ISO 20022 message standard, which will bind the members to those operating rules.

Louis Blatt, chief product officer at ACI Worldwide, said: "As a leading global vendor of payment systems, ACI fully supports this initiative to simplify the processing of international credit transfers by leveraging existing payment networks and the ISO 20022 standard. We look forward to helping shape this new organization and develop its rules, and then working with our customers to implement any resultant standards."

Arthur Cousins CEO of the IPFA, said, "We are delighted to welcome ACI Worldwide into the Association. ACI shares our aim of improving cross-border payments, and its experience, focus and product set will greatly assist banking clients with regard to the IPFA operational and technical requirements in order to be operational."

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.thomsonreuters.infovisit www.niceactimize.comvisit www.ebaday.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11026 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
8439 views comments | 11 tweets | 12 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7519 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6997 views comments | 6 tweets | 26 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6951 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job