The Bancorp and ACI Worldwide have teamed up to facilitate real-time payments for corporate disbursements using a Visa-powered platform.
ACI Worldwide will use the Direct Rapid Funds platform, a push-to-card payments technology, to offer quick payments for its corporate customers.
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Bancorp developed the Direct Rapid Funds platform, which is supported by the Visa Direct real-time payments solution. Currently, Bancorp enables more than 35 million payment transactions per month.
Bancorp executive vice-president and head of Payment Acceptance Matt Carberry said: “With support from Visa, and through partners such as ACI Worldwide, our Direct Rapid Funds platform enables access to cutting-edge payments solutions for businesses of all sizes through an intuitive and customisable platform.”
ACI Worldwide executive vice-president Sanjay Gupta added: “Today’s businesses expect fast, easy and secure ways to pay. As a leading developer of real-time payments and bill payment solutions, we continue to meet these evolving expectations and advance the market.
“And through our work with The Bancorp, we deliver businesses a transformational payment experience.”
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By GlobalDataLast month, ACI Worldwide agreed to provide UP Merchant Payments solution to Swedish ICA Banken. The solution is expected to serve as a flexible payments solution.
In September, Dutch lender Rabobank deployed instant payment service using ACI’s UP Immediate Payments solution.
