ACI Money Transfer System(TM) Recognized for Commitment to SWIFT Standards and Practices
NAPLES, Fla., Aug. 20, 2012 (GLOBE NEWSWIRE) -- ACI Worldwide (Nasdaq:ACIW), a leading international provider of payments systems, announced today that ACI Money Transfer System™ has received the SWIFTReady accreditation for payments for the fifteenth consecutive year. In addition, ACI Global Trade Manager™, formerly known as Open Market Manager™, achieved the SWIFTReady Supply Chain Finance accreditation for the fifth year in a row, demonstrating ACI's commitment to SWIFT's standards and solutions.
The receipt of the SWIFTReady accreditation for payments recognizes that ACI's Money Transfer System satisfies SWIFT's highest requirements for the initiation, generation, processing and settlement of payments. The SWIFTReady Supply Chain Finance label, received by ACI Global Trade Manager, is granted to trade finance applications which support the Trade Services Utility (TSU) messages and workflows. Global Trade Manager is designed and built according to TSU standards and is fully compliant with TSU Release and the Bank Payment Obligation or BPU.
"The SWIFT certification demonstrates that an organization meets a level of expertise and excellence," said Anyal Hozee, Product / Market Manager SWIFT. "We strive to offer a potential customer an impartial evaluation which helps to assure them an independent arbiter has certified the solution meets our standards of quality. I congratulate ACI for maintaining a high level of quality and excellence for the past 15 years."
ACI's Money Transfer System is a multibank and multicurrency global payments and financial messaging engine, which provides continuous processing capabilities directly to SWIFTNet services, as well as multiple real time gross settlement (RTGS) and support for low value networks across the globe. The system is a single, integrated solution for domestic and international payments processing, which also fully supports processing for transactions under the SEPA Credit Transfer and Direct Debit schemes.
ACI Global Trade Manager is a comprehensive trade finance solution that offers open account transaction processing and supply chain financing services, including online purchase order (PO) issuance, automatic generation of invoices and document matching. It enables financial institutions to align with both their customers and the strategic partners of their customers, to integrate services across the trade value chain. This integration creates closer relationships and increases business opportunities with all aspects of the open account trade process.
"ACI has risen to the top of the wholesale banking field by offering innovative products which meet the needs of our customers and also adhere to the highest industry standards," said Jonathan Eber, Director & Product Line Manager, Wholesale Payment Engines. "By achieving the SWIFTReady accreditation for the fifteenth consecutive year with Money Transfer System, ACI continues to demonstrate its commitment to be the premiere payments and financial messaging solution on the market."
About ACI Worldwide
ACI Worldwide powers electronic payments and banking for more than 1,650 financial institutions, retailers and processors around the world. ACI software enables $12 trillion in payments each day, processing transactions for 14 of the leading global retailers, and 24 of the world's 25 largest banks. Through our integrated suite of software products and hosted services, we deliver a broad range of solutions for payments processing, card and merchant management, online banking, mobile, branch and voice banking, fraud detection, and trade finance. To learn more about ACI and the reasons why our solutions are trusted globally, please visit www.aciworldwide.com. You can also find us on www.paymentsinsights.com or on Twitter @ACI_Worldwide.
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