ACI Worldwide to Deliver Universal Payments Technology Via Microsoft Azure

ACI Worldwide to Deliver Universal Payments Technology Via Microsoft Azure
19.11.2019 12:46 pm

ACI Worldwide to Deliver Universal Payments Technology Via Microsoft Azure

Payments , Banking

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced a global strategic collaboration with Microsoft via the Microsoft Partner Network to support the payments industry’s rapid adoption of technology deployed in the public cloud. As one of Microsoft’s top 10 global ISV partners in the financial services industry, ACI will support the company’s industry growth and extend the reach of its own market-leading Universal Payments portfolio through Microsoft Azure.

The industry has begun to reap the benefits of cloud, including lower total cost of ownership (TCO), increased scalability, speed to market, enhanced development tools, and the integration of platform services such as data analytics and artificial intelligence. The cloud, a vital component of today’s service delivery model, enables banks and other organizations to capitalize on new market opportunities and access new channels. By deploying ACI’s UP solutions through the cloud, as well as via traditional on-premises and on-demand implementations, banks, intermediaries, merchants and corporates can thrive amid the unprecedented digital disruption.

The collaboration will initially enable ACI Universal Payments technology to be licensed by customers for implementation powered by Azure. Through this relationship, ACI on-premises customers will benefit from enhanced security, as well as a reduction in long-term capital expenditure, adopting a scalable model for cloud-based infrastructure—this will be particularly advantageous for neo banks and innovators within existing banks and intermediaries.

“We have witnessed increased global interest in and rapid adoption of ACI’s payments technology in the cloud from both new and established organizations,” said Craig Saks, chief operating officer, ACI Worldwide. “In fact, we have secured two significant acquirer clients running our UP Retail Payments solution on Microsoft Azure. As global trends, changing business models and innovation create a new set of challenges for the world of payments, this collaboration will allow banks and other organizations committed to innovating and moving to the cloud to become more agile, deploying new payment services more quickly. In addition, they can develop proof of concepts, and launch and test them in the marketplace at a low cost – this is already gaining traction among our customers.”

Bill Borden, corporate vice president of financial services at Microsoft Corp. said, “More leading banks worldwide are embracing the cloud, and partnering with ACI on this key growth initiative reinforces that trajectory. With the high level of stability, resiliency, and performance of Microsoft Azure integrated with ACI’s payments solutions, ACI can offer organizations the ability to provide a wider range of services to their end customers.”

ACI’s UP family of solutions connects more ways to pay with more payment capabilities than any other provider. The solutions orchestrate thousands of payment capabilities – business services such as authorization, authentication, tokenization and more – for card-based and digital transactions including industry-standard real-time payments applications. These capabilities are combined in unique ways, forming the UP solutions that perform the payment functions that banks, corporates, merchants and intermediaries need.

Related News

The future of money is being rewritten in Asia

Disruptions that began with technological and business model innovations in other places are expressed in new ways in Asia. In banking, payments and retail, Asia is... Read more »

FPL Technologies ties up with Visa to launch mobile-first credit card for millennials

FPL Technologies, a fintech startup focused on re-imagining credit and payments in India today announced its partnership with Visa to launch a mobile-first credit card in India... Read more »

Visa and MFS Africa Bring Digital Payments to More Consumers and Businesses across Africa

Visa (NYSE: V) and the pan-African fintech leader MFS Africa today announced a partnership that will help bridge the gap... Read more »

Ingenico reveals: How European merchants performed during the week-long Black Friday sales

Ingenico Group, the global leader in seamless payment, saw a significant increase in online transactions throughout... Read more »

Flywire and iSAMS Integrate to Provide Seamless Cross-Border Tuition Payments

Flywire, a provider of vertical payment and receivables solutions for businesses and institutions, today announced a new... Read more »

FSS and AFS Partner to Promote Digital Payments in the Middle East

FSS (Financial Software and Systems), a global payments products and solutions provider and payment processor, and Arab Financial Services (AFS), the leading payment solutions... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel