ACI Worldwide’s Craig Ramsey Appointed to U.S. Faster Payments Council’s Board Advisory Group

Rhea-AI Summary

ACI Worldwide (NASDAQ: ACIW) has announced that Craig Ramsey, head of Real-Time Payments, has been selected for the U.S. Faster Payments Council Board Advisory Group. The group aims to enhance the adoption of faster payments across the U.S. ACI is engaged in promoting real-time payments globally, collaborating with various organizations. Additionally, ACI has been chosen by the Federal Reserve to participate in the pilot for the FedNow Service, facilitating the development and adoption of this new payments service.

Positive

• Craig Ramsey's selection to the FPC Board Advisory Group highlights ACI's leadership in real-time payments.
• ACI's participation in the Federal Reserve's FedNow pilot program positions the company for future growth in the payments market.

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ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that the U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, has selected ACI’s Craig Ramsey, head of Real-Time Payments, to be part of its FPC Board Advisory Group. The FPC Board Advisory Group advises the FPC Board of Directors and FPC staff to make the most of growing trends in the faster payments market.

ACI is actively involved in driving real-time payments around the world, collaborating with organizations such as The Clearing House (TCH), Payments Canada, Pay.UK, Euro Banking Association and National Payments Corporation of India (NPCI). Earlier this year, the company announced that it has been selected by the Federal Reserve Banks to participate in the pilot program for its upcoming FedNow Service, a new real-time payments service. The program will support development, testing and adoption of the new service.

“The FPC Board Advisory Group is focused on facilitating a world-class payments system where Americans can safely and securely pay anyone, anywhere, at any time and with immediate funds availability,” said Reed Luhtanen, executive director, FPC. “Craig has an extensive real-time payments background, and we look forward to his involvement as we work to drive faster payments.”

Ramsey has more than 30 years' experience supporting banks in their corporate payments and banking needs, working on some of the largest industry initiatives, including major SWIFT upgrades, the introduction of SEPA and PSD2, CLS, ISO 20022, and the global roll outs of real-time payments. “I am excited to join the talented group of payments leaders on the FPC’s Board Advisory Group,” said Ramsey. “This is an exciting time for real-time payments globally, and as the U.S. advances in this area, I look forward to helping the FPC increase adoption.”

ACI currently supports 18 real-time domestic schemes around the world, including Zelle and TCH in the U.S. Approximately 50 percent of the UK’s Faster Payments and 75 percent of Hungary’s AFR transactions are processed through the ACI Low Value Real-Time Payments solution. The ACI Low Value Real-Time Payments solution is also the core processing infrastructure for Malaysia’s Real-Time Retail Payments Platform (RPP). Additionally, ACI has customers using its solution to access Singapore FAST and the Australian NPP (New Payments Platform).

About ACI Worldwide

ACI Worldwide is a global software company that provides mission-critical real-time payment solutions to corporations. Customers use our proven, scalable and secure solutions to process and manage digital payments, enable omni-commerce payments, present and process bill payments, and manage fraud and risk. We combine our global footprint with local presence to drive the real-time digital transformation of payments and commerce.

© Copyright ACI Worldwide, Inc. 2021

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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FAQ

What is ACI Worldwide's recent announcement regarding real-time payments?

ACI Worldwide announced that Craig Ramsey has been appointed to the U.S. Faster Payments Council Board Advisory Group to enhance faster payments in the U.S.

What is the significance of Craig Ramsey joining the FPC Board Advisory Group for ACI Worldwide?

Craig Ramsey's appointment signifies ACI Worldwide's strong leadership role in the evolving real-time payments landscape.

How is ACI Worldwide involved with the FedNow Service?

ACI Worldwide has been selected by the Federal Reserve to participate in the pilot program for the FedNow Service, which facilitates real-time payment solutions.

What is the role of the U.S. Faster Payments Council?

The U.S. Faster Payments Council aims to advance faster payment solutions and enhance their adoption across the United States.