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February 19, 2020

ACI Worldwide joins Banco Internacional to boost ATM Innovation in Ecuador

By Mohamed Dabo

Banco Internacional, one of the largest banks in Ecuador for commercial and credit placement, will now support the management of its ATM network using Postilion, part of ACI’s Retail Payments portfolio.

The Ecuadorian bank’s partnership with ACI Worldwide is expected to drive more ATM transactions across the South American country.

ACI Worldwide is a provider of real-time, any-to-any electronic payments solutions for banks, intermediaries, merchants, and billers.

Postilion is a core component of ACI’s UP Merchant Payments solution (linked) designed to address your omni-channel payments and fraud management needs.

A long-standing customer of ACI, Banco Internacional serves banks and financial institutions throughout Ecuador.

ATM networks continue to evolve and transform beyond cash management to provide multiple services to customers throughout the country. Banco Internacional needed to meet the demands of the market.

Part of ACI’s Retail Payments portfolio, Postilion is an integrated consumer payments processing solution for banks, processors and financial institutions. It is a full-featured payments engine with strong capabilities in card acceptance and merchant acquisition.

Integrated with back-office capabilities and card management functions, Postilion provides fast time to market, reduced cost and complexity.

Postilion uses open systems technology, and supports the full range of card products — credit, debit and prepaid — as well as transactions across all channels from ATM and POS to eCommerce and mobile.

Riding the wave of digital transition in Latin America

“As the market evolves and consumer demand for digital payments increases across Ecuador, ACI’s solutions will help strengthen our banking services,” said Guillermo Moreano, vice president of Operations and Technology, Banco Internacional. “With ACI’s Retail Payments, we ensure a robust and constant operation for our customers.”

Working with ACI in concert with Firmware – an ACI services collaborator – Banco Internacional updated its ATMs to support new services beyond cash management, including collections, recharges and drafts.

“As countries across Latin America make the transition from cash to digital methods of payment, banks like Banco Internacional require a solution that can be cost effectively deployed to meet their needs,” said Mandy Killam, executive vice president and growth markets leader, ACI Worldwide

Killam added that Banco Internacional will benefit from the flexibility offered by ACI. For instance, while ATMs are a traditional service required in cities, mobile payment services are often more appropriate in rural areas.

With ACI, Banco Internacional will have the opportunity to choose what services and products to offer consumers now without limiting possibilities in the future, she said.

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