Processing & Systems -

Money transfer system empowers Financial Institutions to define and manage payment processing

ACI today the release of ACI Money Transfer System 5.0 the company’s leading wholesale banking solution. The newest version of Money Transfer System offers financial institutions the utmost flexibility in defining and managing their payment processing flows. This most recent update was developed as the result of a large scale collaborative effort between ACI and a number of its customers whose design input and suggestions were included in the final version.

“The newest version of Money Transfer System improves the payments industry’s most robust processing solution with a greatly enhanced services framework along with a highly tuned sanctions filter to combat the global issue of sanctions checking,” said Jonathan Eber, Director and Product Line Manager, Wholesale Payment Engines, ACI Worldwide.   “Money Transfer System has an extremely rich, detailed set of features.  Introducing these as services will allow a financial institution to utilize this functionality much more broadly and consistently within its processing environments.”

By exposing services, ACI is empowering customers with more flexibility, choice and control of their payment systems, both to leverage the services across their organization as well as to further tailor their unique customer offerings. Money Transfer System is one of many ACI products in the company’s broader payments platform to deliver on this approach. 

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