ACI Worldwide, a global provider of real-time electronic payment and banking solutions, has announced the launch of ACI Instant Pay for merchants in the United States. This new solution allows merchants to offer real-time payments to their customers, giving them the ability to receive money instantly and securely. The expansion of ACI’s real-time payment software solutions to merchants solidifies ACI’s position as a global leader in enabling local and pan-regional real-time schemes that can be used by billions of people worldwide.
The launch of ACI Instant Pay comes at a time when consumers are increasingly demanding faster and more convenient ways to make payments. With this new solution, merchants can now offer their customers the ability to make instant payments, which will help to increase customer satisfaction and loyalty.
ACI Instant Pay is built on the company’s UP Real-Time Payments platform, which is already being used by financial institutions and merchants around the world. The platform offers real-time, account-to-account payments that are secure and reliable, making it an ideal solution for merchants looking to offer their customers the convenience of instant payments.
With ACI Instant Pay, merchants can easily integrate real-time payments into their existing systems, allowing customers to make instant payments directly from their bank accounts. This eliminates the need for customers to wait for checks to clear or for funds to be transferred from one account to another, making the payment process faster and more efficient for everyone involved.
The platform also offers a range of security features to protect both merchants and customers from fraud. These include advanced authentication and encryption, as well as real-time monitoring and alerts to detect and prevent suspicious activity. ACI Instant Pay is also highly customizable, allowing merchants to tailor the solution to their specific needs. This includes the ability to set up custom notifications and alerts, and to configure the platform to automatically refund payments if necessary.
Debbie Guerra, Chief Product Officer, ACI Worldwide, said, “At ACI, we are pleased to expand our global leadership of driving real-time payments for central governments, payment networks, banks, financial institutions and fintech companies to include Merchants now. Merchants can now reap the dual benefits of instant payments for an enhanced shopper experience and improved bottom line. Many shoppers are frustrated by traditional payment options. They want more choice, greater transparency and better control, online and in-store. ACI Instant Pay helps merchants capture and engage new customers while driving growth and lowering costs.”
