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Treasury & Capital Markets
ACI Worldwide boosts transaction banking portfolio
ACI Worldwide, an electronic payment and banking solutions firm, is spotlighting several new industry initiatives and achievements within its transaction banking portfolio, which offers end-to-end processing for commercial treasury management and payment processing.
The Asset 17 Sep 2015
ACI Worldwide, an electronic payment and banking solutions firm, is spotlighting several new industry initiatives and achievements within its transaction banking portfolio, which offers end-to-end processing for commercial treasury management and payment processing.
 
As the industry evolves and embraces key industry initiatives such as faster payments and ISO 20022 message standards, ACI – headquartered in the US with offices in Asia and the Middle East – is delivering solutions to empower financial institutions for success. 

ACI’s treasury management solution, ACI Universal Online Banker, helps businesses of all sizes better manage their financial information. Universal Online Banker received high marks in Greenwich Associates’ recent Online Services Benchmark.
 
In a detailed feature evaluation, ACI consistently scored well above the peer group bank median in all regions of the globe when evaluated on a number of criteria, including navigability, online and off-line customer service/support, fraud prevention/monitoring, and integrated payments/workflow.

As part of ACI’s integrated workflow and customer experience focus, a supply chain finance module was added to its transaction banking capabilities – UP Transaction Banking. This module offers financial institutions a buyer-centric supply chain finance platform to manage approved-payable transactions. With open account processing on the rise, the supply chain finance module helps streamline activity surrounding these transactions and gives suppliers the opportunity to improve control over their cash flow while reducing capital requirements.

The payment and Swift messaging engine of UP Transaction Banking, ACI Money Transfer System, has received the Swift InterAct Store and Forward interface certification. The Swift certification verifies the messaging protocol used to support the migration to ISO 20022 from the FIN flat file format. As the industry adopts ISO 20022 as the preferred industry format for infrastructures such as Euro1/Step1 and TARGET2, Money Transfer System enables a seamless transition in processing the XML-based standard. 

“UP Transaction Banking offers financial institutions the ability to provide the best customer experience with a proven, extensible approach,” said Jennifer Holton, vice president, UP Transaction Banking Product Management, ACI Worldwide. “And as the industry further embraces initiatives such as faster payments, we are committed to deliver solutions that meet those demands while offering control, choice and flexibility.”

    

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