ACI UK Faster Payments

The demand to send and receive money instantly, is rapidly growing globally. Locally, as the UK progresses towards a modernisation of Faster Payment (FPS), banks are modernising to achieve always-on 24/7 consumer expectations whilst meeting the needs of businesses and regulators; UK banks must prioritize how they keep pace with the global real-time payments revolution.

ACI Low Value Real-Time Payments: Empowering UK Banks and Intermediaries

Whilst ACI provides access to over 25 real time domestic schemes globally, this service allows for UK Faster Payments only to be transacted through Marketplace. For other schemes, please contact ACI. ACI Low Value Real-Time Payments solution, configured for Faster Payments has a complete range of capabilities for processing UK real-time payments, including origination, processing, orchestration, clearing and settlement, fraud detection and connectivity. These capabilities come with market leading non-functional compliance along with the Control Centre user interface, enabling banks and intermediaries to directly connect to Pay.UK’s Faster Payment scheme, whilst fulfilling PSP’s obligations for observability and reporting (internally and to scheme) and deliver value-added services to their customers.

Flexibly take advantage of a wide array of business services including intuitive transaction search, real-time exceptions processing, batch handling, liquidity management and more to support low-value transactions. Digital overlays on top of the core processing capabilities provide the "final mile" connectivity, delivering a modern digital consumer experience for end users, such as Request to Pay, person-to-person and recurring payments.