More NewsACI to Introduce New Payments Solution at Sibos 2009

ACI to Introduce New Payments Solution at Sibos 2009

ACI Worldwide will be introducing and demonstrating its vision for the next generation of payments systems at Sibos 2009 – ACI Agile Payments Solution.

The company states that the future of payment systems within financial institutions is agility – integrated systems that handle payments from any channel, whether consumer or corporate, from start to finish – with no redundancy of technology, or duplication of processes and labour. These agile systems enable financial institutions to manage transactions quickly and effectively, with a decreased need for manual intervention and costly interfaces between different systems.

The company says that the new solution will enable financial institutions to deliver the highest levels of customer service and to quickly roll out new products to meet the changing needs of customers, whether individual consumers or the largest multi-national corporations. ACI will also introduce the journey that institutions go through with their payment systems, with the five stages involved from reliability up to agility, and how financial institutions can move through the stages and see benefits as soon as possible.

At Sibos, ACI will demonstrate a converged solution to deliver a single payments view for all payment types, incorporating the comprehensive enterprise-wide liquidity monitoring and management functions of ACI Money Transfer System with real time fraud and anti-money laundering (AML) checking using ACI Proactive Risk Manager. The solution uses a service oriented architecture (SOA) platform leveraging IBM assets including IBM Enterprise Payments Platform, WebSphere Business Process Suite, WebSphere Transformation Extender, the IBM iLog Business Rules Management System and the Information Framework. The demonstration will show business examples of how an agile solution works, such as using the rules engine to route transactions through the most appropriate service based on payment amount or other criteria.

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