Product Profile

UP Immediate Payments

ACI Worldwide

First Release Date: 30.01.2008

Current Version: 2.2 – December 2016

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Language Support:

United StatesFranceGermanyItalySpainChinaPortugalGreeceHungarySwedenPolandNetherlandsUnited Arab Emirates

Screenshots

Product/Service Description

Real-time, instant or immediate payments describes the capability to transfer funds between two parties making funds available to the payee almost instantly, with instant confirmation. Typical processing models consist of a hub-and-spoke model such as ISO 20022 to connect financial institutions or corporations to one another through a central infrastructure (CI).

Banks improve retention and open up new value added revenue streams
Fintechs can use ACI’s 3^rd party platform - New Access Model - to access Immediate Payments and offer services that were previously restricted to banks alone
Consumers get faster, reliable transfers and instant, accurate account balances
Merchants increase profits by getting paid sooner and eliminating interchange fees

Business customers can take advantage of better payment terms and improve their working capital

Customer Overview

Total Number of customers 14

Customer Size Large Enterprise , Medium , SMB

Customer Type Central Banks , Commercial Banks , FXs , Investment Banks , Prime Brokers & Dealers

Target Market Global

Specific georgaphical coverage undisclosed

Pricing Model Licensed software for installed, subscription for Cloud

Demo & Case Study Urls Please contact ACI for demonstration

Features

•Payments management •Channel integration •Orchestration •CSM connectivity and compliance •Security and fraud checking •Exceptions handling •Liquidity management •FX payments •Flexible handling and special products management •Business intellige

Benefits

•Deliver profitable services •Protect your investment by enabling real-time payments •Accelerate your time to market

Platform & Workflow

Server OS AIX (IBM) , Linux (Red Hat, Mandrake, Debian, SuSe, etc.) , Windows Server 2008 (Microsoft)

Workstation OS Windows , Linux

Programming Language and API JAVA

SetUp and Installation Options Configurable to customer needs

Deployment Period Depends on project requirements

Reporting Capabilities Reports data to SQL database for reporting by customer preferred report writer, or using pre-built reports as part of the Business Intelligence pack available.

Security Options Specific to customer needs

The product/service compliant with the following regulatory standards undisclosed