ACI, T-Systems and Takarekinfo to Connect Hungarian Banks to Instant Payments
ACI Worldwide has announced that T-Systems Takarékinfo will use its UP portfolio of solutions to enable 17 Hungarian banks to offer real-time payments services as part of their digital transformation projects.
ACI’s UP Immediate Payments solution will enable 17 Hungarian banks to connect to the country’s domestic real-time payments scheme, set to launch in June 2019. UP Immediate Payments offers a range of capabilities for processing real-time payments, including origination, processing, clearing and settlement, fraud detection and connectivity, all on a single platform.
By using the solution, banks will be able to provide real-time balance data 24/7 to all customers across all banking channels. The ability to provide such balances is an important compliance requirement of the Hungarian real-time payments scheme. The ACI solution allows banks to run their card, non-card, digital, real-time, and any-to-any payments at scale, and thereby accelerates their payments innovation strategy.