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September 29, 2020

ACI and Mastercard to launch New Payment Solutions for Customers

By Mohamed Dabo

ACI Worldwide, a global provider of real-time digital payment software and solutions, and Mastercard, the global multi-rail payments technology company, have announced that they will partner to provide a wide range of real-time payment solutions globally.

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They will initially collaborate to offer best-in-class central infrastructure, payments localisation and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives.

The real-time account-to-account payments market  is growing fast

Prime Time for Real-Time — a recent study analysing global real-time, account-to-account payment volumes and forecasts across 30 global markets — projects a Compound Annual Growth Rate (CAGR) of 23.4 percent from 2019 to 2024.

While existing schemes around the world are adding new participants and value-added services, additional country and regional schemes are launching each year, including more than 20 schemes in varying planning stages.

With a complementary real-time payments vision, the combination of Mastercard’s central infrastructure and ACI’s payments access and real-time message transformation technology delivers an unmatched end-to-end offering.

The new joint solution delivers key benefits including:

  • Flexible deployment options — Mastercard and ACI collaboration provides deployment options that range from a fully managed service in the cloud, to supporting on-premise software for government, central bank and system operator-owned platforms
  • Ability to support existing local market requirements — the joint solution reduces the amount of time to onboard participants and provides flexibility to accelerate real-time adoption
  • ISO20022-first approach — joint real-time capabilities support organizations today and tomorrow, and provide translation to and from existing standards
  • Digital services — further capabilities to support new digital services such as request to pay, proxy services and biller services
  • Global proposition, local expertise —Mastercard and ACI collaboration brings together global reach, international experience and the local market knowledge.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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