ACI Worldwide, a payment systems vendor, has outlined its product roadmaps for the future, describing how the combination of ACI and S1 can aid innovation and the combined group’s customers, especially in the mobile banking and payments arena.
The vendor is somewhat late to the mobile financial services arena, but the product pipeline it has revealed details its plans to expand in the sector with its next release of ACI Mobile Channel Manager and previews new capabilities for mobile wallets, mobile issuing of Near Field Communication (NFC) cards and mobile text alerts – for instance, to let bank customers know if they’ve gone overdrawn or alert consumers to special discounts.
Another element of the roadmap includes plans to expand and integrate its online banking capabilities. Building on the newly combined strengths of ACI and S1 online banking solutions, the company is trumpeting its ACI Universal Online Banker, a new product that it says will enable financial institutions of all sizes around the globe to deliver online banking capabilities to the consumer, small business and corporate banking markets from a single platform.
The modular approach of the ACI Universal Online Banker product will, claims the vendor, provide financial institutions with the power and flexibility to package customised product bundles designed to meet the unique needs of their key market segments, helping to maximise fee generation while reducing the need for redundant systems.
"In today's global marketplace, consumers and small businesses need many of the same global, multi-currency and cash management capabilities that until recently had been reserved for large multinational corporate clients," said Matt Ellis, senior vice president, ACI Worldwide. "Universal Online Banker will transform online banking by removing the technical barriers that dictate what online features a bank can offer its customers. Having these features available in a single, flexible solution gives financial institutions the power to tailor competitive packages that ultimately help them to win customers and generate revenues."