Source: ACI Worldwide
ACI Worldwide (ACIW), a leading global provider of electronic payment and banking solutions, today announced that its global payment processing solution, ACI Money Transfer System, has achieved the 2015 SWIFT Certified Application for Payments label.
This marks the eighteenth consecutive year that Money Transfer System has achieved this industry certification.
SWIFT’s certification confirms Money Transfer System meets specific criteria for SWIFT messaging and validates the capabilities of the solution to manage SWIFT messages. As the industry transitions to the ISO 20022 format, such accreditation will only be more critical in order to verify a solution is current with the latest updates.
“SWIFT’s accreditation process emphasizes the importance of interoperability and strict guidelines to maintain a smoothly functioning messaging network,” said Peter Ware, head of partner framework, Innotribe and the SWIFT Institute. “ACI Worldwide is a long-standing provider of SWIFT services, and their continued accreditation should provide customers with confidence that Money Transfer System is fully maintained to meet these requirements.”
“At ACI, we provide our customers with flexible solutions they need to be successful in a complex payments landscape,” said Jennifer Holton, vice president, UP Transaction Banking Product Management, ACI Worldwide. “We are proud that Money Transfer System claims 18 consecutive years of SWIFT certification—a recognition of the commitment to our customers to provide a trusted solution to advance along with changing market needs.”
Money Transfer System is an extensible payments and SWIFT messaging solution that provides global processing capabilities. With interfaces directly to SWIFTNet services, as well as multiple real-time gross settlement (RTGS), low value and real-time networks across the globe, the system is a single, integrated solution for domestic and international processing, including the SEPA Credit Transfer and Direct Debit schemes.
Contributed | what does this mean?