ACI Global, a leading global provider of real-time electronic payment and banking solutions 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).
Rabobank, a customer-focused cooperative bank and long-standing 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.
ACI announced that Rabobank has achieved the final milestone in scaling up instant payments. Gradual scale-up of the Dutch SEPA Instant Payments program 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, third of these were processed by Rabobank using ACI’s award-winning UP Immediate Payments solution.
