ACI Worldwide and KyckGlobal expand digital disbursements

Florida based payments company, ACI Worldwide and KyckGlobal have announced a partnership under which they would enhance digital disbursements for biller organizations across the United States, which would provide wide options including international and cash payments.

As per the press release, KyckGlobal uses a cloud-based payments engine with an array of payment types from which the recipient may select which includes PayPal, Venmo, ACH, wires, gift cards, push to card and cash. The payments originate from one single point of funding and reconciliation which according to the company can eliminate ‘disbursement delays, and payees in underbanked countries can receive cash securely in their local currency.

This year, ACI Worldwide launched a platform to tackle real-time payments fraud while it also partnered with Mastercard for a new payments system.

“KyckGlobal’s goal is to ensure businesses sending payments, such as refunds from higher educational institutions and insurance claim payments, can do so in a streamlined capacity while providing speed and choice to the consumer,” said Ashish Bahl, founder and CEO of KyckGlobal.

ACI Speedpay is an integrated suite of bill presentment and payment services that supports customers across multiple verticals, including Consumer Finance, Government, Education, Healthcare, Insurance, Telco and Cable, Subscriptions, and Utilities.

ACI Worldwide is a software company providing real-time payment solutions to corporations, managing digital payments, process bill payments and enabling Omni-commerce payments while KyckGlobal provides payments infrastructure to accelerate business activities and also a cloud-based for a single point of reconciliation.