ACI helps TransferWise connect to Faster Payments Scheme

ACI Worldwide has announced it has provided the back-end technology for TransferWise’s integration into the Faster Payments Scheme. Earlier this year, ACI was awarded a trust mark accreditation by Faster Payments Scheme Limited (FSPL), the official recognition as one of the technical aggregators that helps payment and financial institutions gain access to real-time Faster Payments in a single or multi-tenant environment through the New Access Model. The model was introduced by the Faster Payments Scheme in order to increase competition in the financial services sector and open up the market to new entrants. ACI’s UP Immediate Payments solution is highly flexible and adaptable, enabling access to all instant payments schemes globally.