More NewsACI Worldwide Releases Enhanced Merchant Management for Acquirer Banks

ACI Worldwide Releases Enhanced Merchant Management for Acquirer Banks

ACI Worldwide, an international provider of payments solutions company, has released the latest version of ACI Acquirer, its multi-currency system for managing merchant accounts, histories and settlements. The enhanced ACI Acquirer offers greater support for US taxation requirements, enhanced interchange fee processing and expanded features for merchant settlement delay and deposit reserves.

Some of the new features include:

  • Improved functionality for US including taxation calculation and reporting, support for NACHA payment file formats and industry compliance mandates.
  • Enhancements which allow merchant acquirers to create highly differentiated merchant programs with unique methods for delayed or deferred settlement and merchant deposit reserve management
  • Support for Discover card transaction clearing and settlement.

“The US remains a very competitive and dynamic merchant acquiring market, subject to a number of essential regulatory requirements and changes in operating conditions,” said David Morem, executive vice president (EVP), global products and maintenance, ACI Worldwide. “Merchant acquirers need a management solution which ensures ongoing compliance and competitive transaction price points, as well as the ability to better compete in the market through overall pricing flexibility and customised settlement funding capabilities. That need is fulfilled by the latest releases of ACI Worldwide’s core merchant and card management solutions.”

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