Capitec Bank Extends ACI Worldwide
ACI Worldwide has announced an extension of its long-standing relationship with South Africa’s Capitec Bank. The bank now supports card and non-card payments acceptance through the UP Retail Payments solution – an integrated platform for all payment channels.
Capitec, which has long relied upon ACI’s Postilion integrated payments engine, is expanding its usage of ACI’s Universal Payments offerings to benefit from the enhanced flexibility of the UP Retail Payments solution. Based on the Universal Payments Framework (UPF), this allows configuration-based deployment of new payment services, which speeds time to market and increases self-service options for Capitec as it further expands its business and corporate banking services.
ACI supports core payment processing for Capitec with its enterprise-class UP Retail Payments solution, which is based on the Universal Payments (UP) Framework and built on open service-oriented architecture for robust payments orchestration. The solution allows Capitec to create and expose payment services to external entities and to address PCI compliance requirements through tokenisation.