ACI Money Transfer System Empowers Financial Institutions to Uniquely Define
and Manage Payment Processing Flows
Enhanced solution developed in collaboration with customers helps to improve
NAPLES, Fla. -- January 7, 2013
ACI Worldwide (NASDAQ: ACIW), a leading international provider of payment
systems, announced today the release of ACI Money Transfer System 5.0™ the
company’s leading wholesale banking solution. The newest version of Money
Transfer System offers financial institutions the utmost flexibility in
defining and managing their payment processing flows. This most recent update
was developed as the result of a large scale collaborative effort between ACI
and a number of its customers whose design input and suggestions were included
in the final version.
“The newest version of Money Transfer System improves the payments industry’s
most robust processing solution with a greatly enhanced services framework
along with a highly tuned sanctions filter to combat the global issue of
sanctions checking,” said Jonathan Eber, Director and Product Line Manager,
Wholesale Payment Engines, ACI Worldwide. “Money Transfer System has an
extremely rich, detailed set of features. Introducing these as services will
allow a financial institution to utilize this functionality much more broadly
and consistently within its processing environments.”
By exposing services, ACI is empowering customers with more flexibility,
choice and control of their payment systems, both to leverage the services
across their organization as well as to further tailor their unique customer
offerings. Money Transfer System is one of many ACI products in the company’s
broader payments platform to deliver on this approach.
Money Transfer System 5.0 also provides:
*Repair Reporting –provides the ability to explain to customers how to
correctly format transactions in order to reduce expensive repair activity
in the bank’s back-office.
*SWIFT Network Validation Kit – performs validation on messages received
through a back-end interface to avoid negative acknowledgements and
improve straight through processing.
*Expanded Global Clearing Channels – expanding the suite of global clearing
channels available, Money Transfer System has added:
*KuwaitAutomated Settlement System for Inter-Participant Payments
(KASSIP) using the Central Bank of Kuwait's wide area network
(CBK-Net) including Arabic character support
*Saudi Arabian Riyal Interbank Express (SARIE) system including Arabic
“I am very impressed with ACI for the manner in which they solicited input for
the new versionof the Money Transfer System,” said Mary Sue McBride, Vice
President, Northern Trust Company. “We were heavily involved in the evaluation
process and our inputs and suggestions were clearly heard and implemented. The
lengths ACI went to in order to encourage, solicit and implement the feedback
of myself and a number of my industry colleagues shows me this is a product
based on end user needs. There are not many solution providers willing to
bring customers into the design process like ACI does.”
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 1,650
financial institutions, retailers and processors around the world. ACI
software enables $12 trillion in payments each day, processing transactions
for 14 of the leading global retailers, and 24 of the world’s 25 largest
banks. Through our integrated suite of software products and hosted services,
we deliver a broad range of solutions for payments processing, card and
merchant management, online banking, mobile, branch and voice banking, fraud
detection, and trade finance. To learn more about ACI and the reasons why our
solutions are trusted globally, please visit www.aciworldwide.com. You can
also find us on www.paymentsinsights.comor on Twitter@ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2012.
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of future product releases remains at ACI’s sole discretion. ACI is providing
the following information in accordance with ACI's standard product
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Rick Sheehy, 781-370-3643
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