ACI Worldwide Helps Rabobank Achieve Instant Payments Milestone
September 17 2019 - 2:00AM
Business Wire
Successful Dutch SEPA Instant Payments rollout
across The Netherlands paves way for broad scale deployment
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today announced that Rabobank has achieved the
final milestone in scaling up instant payments. This milestone
follows the launch and gradual scale-up of the Dutch SEPA Instant
Payments program, which went live in April. On a peak day at the
end of August, 1.3 million instant payments transactions were
processed by the leading Dutch banks and the country’s largest
processor, of which almost a third were processed by Rabobank using
ACI’s award-winning UP Immediate Payments solution.
The Dutch SEPA Instant Payments launch focuses on the immediate
processing of mobile and online payments for consumers, enabling
customers to pay and receive money fast, at any time of the day and
all year round. Instant payments are available to all participating
banks’ customers. Rabobank will continue to expand Instant Payments
and develop additional features to deliver customer value and to
align with market developments.
Rabobank, a customer-focused cooperative bank and longstanding
ACI customer, utilizes numerous ACI products and solutions. In
addition to UP Immediate Payments, the bank has benefitted from ACI
Issuer and ACI’s UP Retail Payments solution including UP
BASE24-eps and ACI Interchange.
“The success of the Instant Payments program demonstrates the
innovation being driven from the Dutch banks, which themselves
epitomize collaboration,” said Craig Ramsey, Head of Real-Time
Payments, ACI Worldwide. “ACI has a long track record of success
across the globe powering real-time and immediate payments schemes.
We’re proud to work with great customer partners like Rabobank to
play a role in making instant payments the future of payments in
The Netherlands.”
ACI has an unmatched global customer base of financial
institutions and payment service providers using its UP Immediate
Payments solution. In the UK, the solution has been used by
financial institutions to access the UK Faster Payments scheme
since its launch in 2008. Currently more than 50 percent of the
scheme’s payments are being processed by ACI solutions. ACI
supports instant payments across more than 10 countries, including
customers using UP Immediate Payments to access Zelle in the US,
Singapore FAST, the Australian NPP (New Payments Platform) and
Malaysia’s Real-time Retail Payments Platform (RPP).
Visit ACI Worldwide at Sibos 2019 in London (booth Q125) and
learn how to accelerate business with real-time payments and open
banking strategies.
About ACI Worldwide ACI Worldwide, the Universal Payments
(UP) company, powers electronic payments for more than 5,100
organizations around the world. More than 1,000 of the largest
financial institutions and intermediaries, as well as thousands of
global merchants, rely on ACI to execute $14 trillion each day in
payments and securities. In addition, myriad organizations utilize
our electronic bill presentment and payment services. Through our
comprehensive suite of software solutions delivered on customers’
premises or through ACI’s private cloud, we provide real-time,
immediate payments capabilities and enable the industry’s most
complete omni-channel payments experience. To learn more about ACI,
please visit www.aciworldwide.com. You can also find us on Twitter
@ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2019 ACI, ACI Worldwide, the ACI
logo, ACI Universal Payments, UP, the UP logo and all ACI
product/solution 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190917005094/en/
Dan Ring E-mail: dan.ring@aciworldwide.com Phone: 781-370-3600
Katrin Boettger E-mail: katrin.boettger@aciworldwide.com Phone:
0044 (0)7776 147 910
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