Mastercard partners ACI Worldwide for real-time payments

Mastercard is partnering with ACI Worldwide to roll out a range of real-time digital payment solutions globally.

The partnership will initially involve a collaboration on central infrastructure, payments localisation and access solutions to central banks, scheme operators, financial institutions, payment service providers, and other organisations launching real-time payments initiatives.

The combination of Mastercard’s central infrastructureand ACI’s payments access and real-time message transformation technology will aim to deliver flexible deployment options; the ability to support existing local market requirements; an ISO20022-first approach; and digital services such as request to pay, proxy services and biller services.

Paul Stoddart, president of new payment platforms at Mastercard, said: “With more countries and regions embarking on the modernisation of their payments systems to capitalise on real-time technologies and customer demand, the market opportunity is significant.

“Working together with ACI, we will explore a wide range of opportunities to accelerate the development and usage of real-time and multi-channel payment platforms, driving choice and innovation to market participants and end customers.”

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