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January 28, 2019

ACI Worldwide to power real-time payments at 17 Hungarian banks

IT services firms T-Systems and Hungarian processor Takarékinfo have tapped ACI Worldwide to facilitate real-time payments services at 17 banks in Hungary.

With the UP Immediate Payments solution from ACI, the Hungarian lenders can connect to the country’s domestic real-time payments platform.

The Immediate Payments solution supports origination, processing, clearing and settlement, as well as fraud detection on a single platform.

T-Systems Hungary director of large business solutions division Ákos Kalmár said: “Our solutions will ensure these banks will be able to connect to the new domestic real-time scheme in time for launch and fully meet all its compliance requirements while delivering state-of-the-art services to their customers.”

In the recent times, various financial services providers have opted for ACI’s UP solutions.

Earlier this month, Payments Network Malaysia utilised ACI’s UP Real-Time Payments solution to implement Malaysia’s Real-Time Retail Payments Platform (RPP).

At the end of last year, ABN Amro and Everlink Payment Services selected ACI’s UP Retail Payments.

ACI head of real-time payments Craig Ramsey said: “Our proven solutions ensure that financial institutions can take advantage of the new opportunities that open banking and real-time payments present, while also ensuring the highest levels of privacy, data protection, and fraud protection for their clients.”

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