Enhanced solution developed in collaboration with customers helps to improve
NAPLES, Fla.--(Business Wire)--
ACI Worldwide (NASDAQ: ACIW), a leading international provider of payment
systems, announced today the release of ACI Money Transfer System 5.0 the
company`s leading wholesale banking solution. The newest version of Money
Transfer System offers financial institutions the utmost flexibility in defining
and managing their payment processing flows. This most recent update was
developed as the result of a large scale collaborative effort between ACI and a
number of its customers whose design input and suggestions were included in the
"The newest version of Money Transfer System improves the payments industry`s
most robust processing solution with a greatly enhanced services framework along
with a highly tuned sanctions filter to combat the global issue of sanctions
checking," said Jonathan Eber, Director and Product Line Manager, Wholesale
Payment Engines, ACI Worldwide. "Money Transfer System has an extremely rich,
detailed set of features. Introducing these as services will allow a financial
institution to utilize this functionality much more broadly and consistently
within its processing environments."
By exposing services, ACI is empowering customers with more flexibility, choice
and control of their payment systems, both to leverage the services across their
organization as well as to further tailor their unique customer offerings. Money
Transfer System is one of many ACI products in the company`s broader payments
platform to deliver on this approach.
Money Transfer System 5.0 also provides:
* Repair Reporting - provides the ability to explain to customers how to
correctly format transactions in order to reduce expensive repair activity in
the bank`s back-office.
* SWIFT Network Validation Kit - performs validation on messages received
through a back-end interface to avoid negative acknowledgements and improve
straight through processing.
* Expanded Global Clearing Channels - expanding the suite of global clearing
channels available, Money Transfer System has added:
* Kuwait Automated Settlement System for Inter-Participant Payments (KASSIP)
using the Central Bank of Kuwait's wide area network (CBK-Net) including Arabic
* Saudi Arabian Riyal Interbank Express (SARIE) system including Arabic
"I am very impressed with ACI for the manner in which they solicited input for
the new version of the Money Transfer System," said Mary Sue McBride, Vice
President, Northern Trust Company. "We were heavily involved in the evaluation
process and our inputs and suggestions were clearly heard and implemented. The
lengths ACI went to in order to encourage, solicit and implement the feedback of
myself and a number of my industry colleagues shows me this is a product based
on end user needs. There are not many solution providers willing to bring
customers into the design process like ACI does."
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 1,650
financial institutions, retailers and processors around the world. ACI software
enables $12 trillion in payments each day, processing transactions for 14 of the
leading global retailers, and 24 of the world`s 25 largest banks. Through our
integrated suite of software products and hosted services, we deliver a broad
range of solutions for payments processing, card and merchant management, online
banking, mobile, branch and voice banking, fraud detection, and trade finance.
To learn more about ACI and the reasons why our solutions are trusted globally,
please visit www.aciworldwide.com. You can also find us on
www.paymentsinsights.com or on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2012.
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
Rick Sheehy, 781-370-3643
Copyright Business Wire 2013