NAPLES, Fla.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: 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.
Money Transfer System is part of ACI's UP Transaction Banking solution. ACI's Universal Payments (UP) portfolio of solutions orchestrates all aspects of payments processing for any payment type, any channel, any currency and any network. ACI will feature UP Transaction Banking and UP Framework for Immediate Payments demonstrations at the SWIFT Sibos Conference, October 12-15, in Singapore (booth M39).
About ACI Worldwide
ACI Worldwide, the Universal Payments company, powers electronic payments and banking for more than 5,600 financial institutions, retailers, billers and processors around the world. ACI software processes $13 trillion each day in payments and securities transactions for more than 300 of the leading global retailers, and 18 of the top 20 banks worldwide. Through our comprehensive suite of software products and hosted services, we deliver a broad range of solutions for payment processing; card and merchant management; online banking; mobile, branch and voice banking; fraud detection; trade finance; and electronic bill presentment and payment. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2015.
ACI, ACI Payment Systems, the ACI logo and all ACI product names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties’ trademarks referenced are the property of their respective owners.
Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI’s sole discretion. ACI is providing the following information in accordance with ACI's standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.