Payments and fraud experts from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, will present at the upcoming MEFTECH conference in Riyadh, Saudi Arabia, May 9 – 10, 2018. Additionally, ACI will spotlight its UP Real-Time Payments Solution, including its real-time fraud management capabilities, at the conference.
MEFTECH is the longest running banking and Financial Technology event in the MENA Region (Middle East and Northern Africa). Over the years, MEFTECH has brought together more than 8,000 financial industry executives and over 1,000 technology providers in Bahrain, Dubai & Abu Dhabi.
Real-Time Payments in the Middle East & making the most of the opportunity
The Business Case for Immediate Payments
ACI has an unmatched global customer base of financial institutions and payment service providers using its UP Real-Time Payments solution. In the UK, the solution has been used by financial institutions to access the UK Faster Payments scheme since its launch in 2008. Currently, more than 70% of the direct participants of the UK’s Faster Payments Scheme use ACI’s solutions. Last year EBA Clearing selected ACI as one of the ‘frontrunner service providers’ for the pan-European EBA SEPA Instant Credit scheme. ACI has also partnered with VocaLink to offer a complete end-to-end immediate payments solution for a domestic or regional immediate payments network. Additionally, ACI has customers using UP Real-Time Payments to access Singapore FAST and the Australian NPP (New Payments Platform). ACI is also implementing The Clearing House RTP system and Zelle for customers in the US. ACI serves on the ISO 20022 Real-Time Payments Group and the EPC Instant Payments Technology Group, and chairs the IPFA rules working group.
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