Source: ACI Worldwide
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, announced today that it is the first provider globally to receive SWIFT gpi certification for the Universal Payments (UP) Real-Time Payments solution—the industry’s only solution that allows financial institutions (FIs) to address their Real Time Gross Settlement (RTGS), SWIFT messaging and real-time payments needs with a single, universal offering.
SWIFT gpi is a key value-added service for FIs that speeds up international funds transfers, provides transparency on fees and improves end customer experience and channel efficiency. ACI's SWIFT gpi solution is configured to be fully integrated with the bank's applications and workflows, allowing quick rollout to immediately provide ACI customers with all the gpi benefits. SWIFT’s program has gained considerable industry momentum with more than 120 banks becoming gpi members, of which more than 30 are now live, having exchanged more than 5 million gpi payments over the last year.
“With its support for SWIFT gpi, ACI has demonstrated its global payments leadership. We are delighted that the global transaction banking industry will be able to benefit from this,” said Wim Raymaekers, head of banking markets and SWIFT gpi at SWIFT. “SWIFT’s certification ensures ACI’s UP Real-Time Payments solution supports the requirements of SWIFT gpi and its future evolution.”
"Being the first provider to receive this certification is testament to our team, our track record and our UP Real-Time Payments solution and we are excited to bring SWIFT gpi to the market,” said WA Proctor, vice president, ACI Worldwide. “SWIFT gpi brings immense value to our customers and we look forward to continuing our strong relationship with SWIFT to enhance and support the SWIFT gpi service.”
ACI’s UP Real-Time Payments solution is an extensible payments and SWIFT messaging solution that provides global processing capabilities, supporting the new SWIFT gpi service. With interfaces directly to SWIFTNet services, as well as multiple real-time gross settlement (RTGS), ACH networks and real-time payment networks across the globe, UP Real-Time Payments is a single, integrated solution for domestic and international processing.
Contributed | what does this mean?