Real-Time Payments Technology: ACI Worldwide, Microsoft to Support Instant Transfers

ACI Worldwide (NASDAQ: ACIW), a global firm focused on mission-critical, real-time payments software, announced a collaboration with Microsoft in order “to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform.”

Hosted in the Microsoft Azure environment, ACI RTPC is “a multi-tenant SaaS platform that provides a payments interface between financial institutions and instant payments infrastructure, including The Clearing House’s Real-Time Payments (RTP) Network and The Federal Reserve’s FedNow Service in the U.S.”

As the platform supporting payments aggregators and networks, ACI’s RTPC helps financial institutions of all sizes “gain access to both domestic instant payment networks: RTP and the FedNow Service.”

Overseeing payment operations “can be overwhelming; ACI’s RTPC solution lowers the barriers to entry, allowing any provider to have direct, real-time access to RTP and the FedNow Service and benefit from the platform’s elasticity to increase transaction volumes as their business grows.”

For example, ACI currently supports Corporate One Federal Credit Union, “one of the largest credit unions in the U.S. and a leader in real-time payments. Corporate One serves 14 of the top 50 credit unions in asset size and has more than 700 members across 45 states, reaching more than 28.5 million people.”

In addition, ACI’s relationship with Microsoft “supports ACI’s AI-powered anti-fraud processing model — featuring patented proprietary incremental learning technology — that allows clients to run payments operations securely and with high resiliency, all while protecting transactions and financial institutions’ and aggregators’ privacy.”

This emphasis on security and privacy will “help financial institutions effectively prevent, detect and recover from cyber incidents, irrespective of clients’ system complexity and legacy infrastructure.”

ACI RTPC is reportedly “the byproduct of ACI’s decades of experience processing real-time transactions for financial institutions on every continent, currently supporting 25 schemes across the globe. ACI Worldwide is fully certified for the FedNow Service and is a designated FedNow Instant Payment Pioneer, having supported the service with the Federal Reserve as part of its pilot program.”

As noted in the update, ACI Worldwide is a global firm specializing in mission-critical, real-time payments software.

Their secure and scalable software solutions enable corporations, fintech companies and financial disruptors “to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk.”

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