ACI Worldwide, a provider of electronic payment and banking solutions, has launched a new end-to-end enterprise payments solution, called UP Retail Payments.
The new solution combines the power of ACI’s retail payment platforms BASE24 and UP BASE24-eps and UP Framework into an end-to-end solution that banks and processors can customize easily to fit their payment needs.
The offering aims to protect customers’ existing investments by allowing them to continue running some or all of their systems into the foreseeable future. It has been designed to reduce risk and costs, eliminating the need to ‘rip and replace’ systems to address payment needs.
UP Retail Payments will allow customers to add new payment types and new volumes through UP Framework and migrate to UP BASE24-eps based on their business demands.
The payment solution also offers enterprise-class payment capabilities within UP BASE24-eps, which allows the introduction of new payment methods, adherence to new payment networks or schemes and business flows as well as integration with new partners.
ACI Worldwide said that the product will be available on-premise or in a hosted environment for all current BASE24 and UP BASE24-eps customers.
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By GlobalDataACI Worldwide executive vice president of strategic products Craig Saks said: "As the payments landscape presents countless new business opportunities, it also presents considerable pressures to lower costs and increase margins. ACI provides banks the ability to seize opportunities while maintaining their bottom lines."