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ACI extends global partnership with Vocalink into Saudi Arabia

Tuesday 7 May 2019 | 01:06 PM CET

ACI Worldwide has begun enabling fast bank adoption of real-time payments in Saudi Arabia with its UP Real-Time Payments solution.

ACI’s solution offers participating Saudi banks faster and lower-risk onboarding to the new real-time services through its global partnership with Vocalink, a Mastercard company and technology provider, which has partnered with the Saudi Arabian Monetary Authority (SAMA) to launch real-time payments in the Kingdom.

The partnership between ACI Worldwide and Vocalink combines Vocalink’s IPS solution for central payment infrastructures and ACI’s UP Real-Time Payments solution for financial institutions. Leveraging success from the US market, the combined offering will accelerate the availability of real-time payments in Saudi Arabia by re-using existing, proven product level integration, thus helping banks to quickly join the SAMA scheme using ACI’s solution.

For more information about ACI Worldwide, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

 

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