ACI Worldwide, a real-time digital payment solution providing firm, and MasterCard, an American multinational financial services company are joining forces with each other in a bid to provide real-time payment solutions worldwide. They have announced that they will collaborate with each other for offering the industry’s top-level technology globally.
Modernizing real-time payment solutions across the whole world
As announced by ACI Worldwide in a press release as well as reported by Business Wire, ACI Worldwide and MasterCard will initiate their collaboration soon for modernizing real-time payment solutions all across the entire world. Initially, through their cooperation, they plan to offer “best-in-class central infrastructure, payments localization and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organizations launching real-time payments initiatives.”
The Chief Strategy and Transformation Officer at ACI Worldwide, Craig Saks said, “this partnership creates the most robust and complete set of real-time capabilities in the market today” as both of them are leading payment giants and they have an impressive record in driving central infrastructure globally. He added:
“Our companies are the leaders in real-time payments and aligning on an end-to-end solution will provide great benefit not only to banks and central infrastructures, but to merchants, billers, fintechs and intermediaries — and their customers — as well.”
The President of New Payment Platforms at MasterCard Paul Stoddart is of the view that they will work together with ACI Worldwide and through this collaboration, they will accelerate the usage as well as the development of real-time payment platform by exploring new opportunities. He stated:
“With more countries and regions embarking on the modernization of their payments systems to capitalize on real-time technologies and customer demand, the market opportunity is significant. Working together with ACI, we will explore a wide range of opportunities to accelerate the development and usage of real-time and multi-channel payment platforms, driving choice and innovation to market participants and end customers.”
As a payment system company, ACI Worldwide provides e-banking and payment solutions to over six thousands financial institutions as well as merchants.