Payment solutions provider ACI Worldwide has revealed that it will offer its UP Immediate Payments solution via a hosted cloud to connect European banks of all sizes to pan-European instant payments systems.
The move will help financial firms across Europe to share connectivity to the EBA RT1 scheme, slashing their costs of real-time operations and time to market.
Go deeper with GlobalData
To ensure fast and seamless deployment, the UP Immediate Payments is complemented by a testing service. The service will be offered via the company’s data centre in Limerick, Ireland.
The service will help banks to manage software maintenance costs, ongoing regulatory requirements and the risk of uncertain volume projections, the company said.
ACI Worldwide director solution consulting, immediate payments, Barry Kislingbury said: “A critical function of a new real-time payments system is its accessibility to financial institutions of all sizes. For smaller banks with fewer resources, the ability to rely on support from an industry leader like ACI will provide invaluable support as well as time and cost savings.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
