Payment and banking systems provider ACI Worldwide has launched its next-generation UP BASE24-eps consumer payments solution.
The new platform is claimed to enhance customer experience, provide greater flexibility as well as improve risk management and accelerate payment processing.
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It supports the acquiring, authorising, routing and switching of consumer transactions, including card and non-card payment types such as mobile and email addresses.
Using the UP BASE24-eps technology helps improve real-time payments with secure, cost-effective and regulated transactions between consumers and retailers, financial institutions, and billers, the company noted.
The platform will also allow payment providers to cater to their customer needs, while reducing IT costs and facilitating new revenue-generation programs such as offering mobile payments and person-to-person (P2P) payments, offering both card and cardless payments with the same payments infrastructure.
ACI Worldwide retail payments senior vice president, Jeffrey S Hale, said, "The real-time and any-to-any capabilities in our consumer payments platform are industry game-changers and the result of close collaboration with our customers — many of the world’s leading financial institutions, retailers and billers.
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By GlobalData"We are providing the industry with revenue-generation capabilities and the ability to offer new payment services, such as mobile and P2P payments."
