Today’s innovative payments providers are embracing an enterprise model in which common functions or services are reused across multiple payment types and delivery channels. Industry analysts describe the resulting trend toward “payment transaction hubs” or “financial middleware” to enable more efficient processing. These converged systems reduce the complexity of connecting multiple delivery channels to multiple back-end systems that house information about customers and transactions.
ACI solutions were built with this in mind. Many of our customers already enjoy the benefits of managing multi-channel payment systems from a consolidated ACI platform.
A leading Canadian bank employs ACI software to manage their entire range of consumer payment channels, from automated banking machines and point-of-sale services to telephone, branch and Internet banking. ACI software forms the core of their “enterprise transaction broker,” enabling common payment services to be used across multiple channels.
A major U.S. bank relies on ACI software to provide a central point for managing liquidity and ensuring the timely, straight through processing of payments from locations around the world.
ACI’s unique set of end-to-end solutions spans the payment value chain, providing the framework for convergence of functions from authentication, routing and authorization to exception handling, risk management, reconciliation and straight through processing. No other provider can act as the single source for such a broad array of software, helping customers to reduce risk and simplify implementation of payment systems.
Contact us today to learn more about how ACI can help your organization converge your payment systems.
Related Articles:
Financial Insights Report on Enterprise Payments
Financial Insights evaluated several providers' ability to deploy enterprise payment systems for financial institutions. Their comparison shows ACI in the strongest position overall based on product competitiveness and ability to execute.
Payment Systems of the Next Decade: The Drive to Convergence
Today's electronic payment systems are modeled on the paper-based systems that have been in place for centuries. But pressures from regulators, corporations, consumers and shareholders, as well as the sheer growth in electronic payments, are forcing banks and other payments processors to rethink these payment systems and the technology that drives them.