ACI Worldwide Creates Faster Pathways to U.S. Real-Time Payments Systems with Integrated Fraud Safeguards

Rhea-AI Summary

ACI Worldwide (NASDAQ: ACIW) announces the availability of its award-winning fraud protection services as part of ACI's Real-Time Payments Cloud, ahead of the FedNow launch in July. This multi-tenant SaaS platform integrates AI-powered fraud protection, developed in collaboration with Microsoft Azure, to support U.S. banks transitioning to real-time payments. ACI has been recognized as a FedNow Instant Payment Pioneer, reflecting its early access to testing and certification. The company processes over 500 million instant payments monthly, leveraging more than 20 years of global experience. ACI aims to enhance transaction security with its proprietary AI technology, offering a scalable solution suite tailored for banks navigating the evolving payments landscape.

Positive

• ACI has integrated award-winning AI-powered fraud protection into its Real-Time Payments Cloud for U.S. customers.
• The company has secured a position as a FedNow Instant Payment Pioneer, gaining early access to testing and certification.
• With a proven capability to process over 500 million instant payments monthly, ACI leverages extensive international experience.
• Partnership with Microsoft Azure enhances the scalability and security of ACI's payment solutions.

Negative

• None.

ACI’s Real-Time Payments Cloud for FedNow and TCH RTP includes built-in, best-in-class, AI-powered fraud and risk protection developed while implementing real-time payments systems in leading global markets

MIAMI--(BUSINESS WIRE)-- ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payment solutions, today announced that its award-winning fraud protection services are now available as part of ACI’s Real-Time Payments Cloud for U.S. customers preparing for the July launch of FedNow. Featuring integrated fraud protection in partnership with Microsoft Azure, ACI Real-Time Payments Cloud is a multi-tenant SaaS platform supporting connectivity to both The Clearing House Real-Time Payments network and FedNow.

“Every U.S. bank is now focused on real-time, instant payments as the runway to implement real-time payment rails prior to the launch of FedNow grows shorter,” said Craig Ramsey, ACI Worldwide’s head of real-time payments. “Immediate integration of the world’s leading real-time payments systems, combined with best-in-class, artificial intelligence (AI) powered fraud protection, will be defining characteristics for banks leading in next-generation payments ecosystems.

“ACI Worldwide has been collaborating with the Federal Reserve FedNow teams throughout the development of the real-time payments system – including driving what it means to be industry-ready. We have had early access to testing and certification as a FedNow Service Provider ahead of the July launch. ACI is uniquely positioned to support financial institutions of all sizes as they seek rapid adoption paths and prepare their customer products for instant payments,” Ramsey added.

ACI Worldwide has been designated by the U.S. Federal Reserve as a FedNow Instant Payment Pioneer. Its award-winning AI and machine learning-based fraud scoring services—refined over more than 20 years—sets ACI’s real-time payments platform apart as the provider of choice for U.S. banks. These services include patented proprietary incremental learning technology, delivered as a service in the cloud through an API. Its scoring engine is used for real-time payments on both send and receive, providing a dual layer of protection.

Built on ACI’s first-hand fraud and risk protection experience deploying real-time payments across 24 programs around the world—including in the United Kingdom, Europe, the Middle East and India—ACI protects more real-time payments than any other payments provider in the world. The proprietary approach and systems developed through that experience will now be available to U.S. customers.

ACI currently processes more than 500M instant payments monthly, across both cloud and on-premises platforms. The company’s depth of international experience enables it to embed a specialized solution for real-time payments customers, allowing them to quickly scale as transaction volumes increase.

“ACI Worldwide understands that providing immediate access to funds means that you must protect the transactions from the onset,” said Cleber Martins, head of payments intelligence & risk solutions at ACI Worldwide. “In addition to risk scoring, we offer a fully managed fraud protection service that enables us to offer a scalable solution suite for banks. We leverage APIs and microservices to deliver a cloud-native solution to support agility as new services are brought to market and transaction volumes increase.”

To learn more about how ACI Worldwide can support financial institutions’ adoption of real-time payments services, meet with ACI leaders in-person, April 16-19 at the Nacha Smarter Faster Payments 2023 in Las Vegas, NV, or reach out directly to ACI’s head of real-time payments, Craig Ramsey (craig.ramsey@aciworldwide.com).

About ACI Worldwide
ACI Worldwide is a global leader in mission-critical, real-time payments software. Our proven, secure and scalable software solutions enable leading corporations, fintechs and financial disruptors to process and manage digital payments, power omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with a local presence to drive the real-time digital transformation of payments and commerce.

© Copyright ACI Worldwide, Inc. 2023

ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay 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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Media Contacts



Nick Karoglou

nick.karoglou@aciworldwide.com



Edelman Smithfield

aci-us@edelmansmithfield.com

Source: ACI Worldwide

FAQ

What new services has ACI Worldwide launched for FedNow?

ACI Worldwide has launched its AI-powered fraud protection services as part of its Real-Time Payments Cloud, designed to support U.S. banks for the July FedNow launch.

What is ACI Worldwide's role in the FedNow system?

ACI Worldwide is designated as a FedNow Instant Payment Pioneer and has been collaborating with the Federal Reserve during the development of the real-time payments system.

How many instant payments does ACI process monthly?

ACI Worldwide processes over 500 million instant payments each month across its cloud and on-premises platforms.

What advantages does ACI's Real-Time Payments Cloud offer?

ACI's Real-Time Payments Cloud offers integrated, best-in-class fraud protection, scalability, and the ability to support both The Clearing House Real-Time Payments network and FedNow.

Who is the head of ACI's Real-Time Payments division?

Craig Ramsey is the head of real-time payments at ACI Worldwide.