Jack Henry & Associates has selected ACI Worldwide’s UP Immediate Payments to connect financial institutions in the US to real-time payments networks such as The Clearing House Real-time Payments System and Zelle networks.
The vendor said that the configuration and integration features of its UP Immediate Payments solution will offer financial institutions a quicker time to market and streamlined back office integration.
The UP Immediate Payments has previously been used by UK financial institutions to access the nation’s Faster Payments scheme. The solution is also used by customers to access Singapore FAST, Australian New Payments Platform (NPP) and the SEPA Instant Payments pan-European scheme.
ACI Worldwide COO Craig Saks said: “Our collaboration with Jack Henry & Associates will extend the reach of real-time payments to all bank accounts in the U.S. Together, we will help make real-time payments readily accepted, easy to use and effectively aligned with the digital economy.”
Jack Henry & Associates payment solutions general manager Greg Adelson said: “As both consumers and businesses now expect real-time payments, our focus is to keep our clients at the center of payments by rapidly delivering these capabilities. We chose ACI’s UP Immediate Payments because it’s a proven, configurable solution, backed by an experienced global team that truly understands real-time.”