Cash & Liquidity ManagementPaymentsSWIFTACI introduces new SWIFT-compatible services

ACI introduces new SWIFT-compatible services

ACI has launched new capabilities to enable banks to take advantage of real-time, cross-border payments and derive full value from the SWIFT gpi service.

Electronic payment and banking solutions provider ACI Worldwide has launched two new capabilities that fully support SWIFT’s global payments innovation (gpi) service.

ACI SWIFT gpi Data Service and ACI SWIFT gpi Connect are both designed to enable banks to take full advantage of real-time, cross-border payment opportunities.

Launched in 2017, SWIFT gpi has quickly become the de facto standard in global payments. More than 160 banks have so far signed up to the service and are now sending and receiving funds, with full transparency over where a payment is at any given moment.

The next step for many of the banks that have signed up for SWIFT gpi is to develop added value services for customers, leveraging the enriched data available as part of the new format.

“SWIFT gpi has quickly established itself as the new benchmark for faster cross-border payments, but the next step participating banks must take is to drive further value from their investment,” said Craig Ramsey, head of real-time payments, ACI Worldwide.

“Effectively leveraging the richer data of SWIFT gpi messages will enable banks to improve the customer experience and differentiate against competitors to gain market share. ACI’s solutions for SWIFT gpi ensure banks can take full advantage of today’s new real-time, cross-border payment opportunities and get ahead of the competition.”

ACI’s SWIFT gpi capabilities are available as part of the UP Real-Time Payments Solution and ACI Money Transfer System. Banks that already use the ACI Money Transfer System (MTS) can benefit from built-in gpi capability, as well as the ACI SWIFT gpi Data Service.

Banks that currently use another payment engine can also take advantage of ACI SWIFT gpi Connect to enable full gpi functionality without reengineering their existing payments engine – by using GPI services within the UP Real-Time Payments Solution.

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