ACI Worldwide and BMO Drive Business-to-Consumer Payments with Zelle
13 May 2019 - 10:00PM
Business Wire
Modernization of BMO’s globally recognized
payments architecture drives new products to market quickly and
effectively
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions,
announced today that BMO Financial Group is leveraging its
globally-recognized BMO Payment Hub powered by ACI’s Universal
Payments (UP) Real-Time Payments solution to accelerate new
products to market, such as Zelle’s business-to-consumer (B2C)
payments.
“Our focus is to create services that better support our
customers and make payments faster and easier,” said Sharon
Haward-Laird, Head, North American Treasury & Payment
Solutions, BMO Financial Group.
ACI’s UP Real-Time Payments solution provides BMO with
connectivity to real-time payment networks from a single hub, which
allows the bank to deliver faster and more efficient payment
experiences for customers. In addition, BMO has also deployed
Zelle, which allows businesses to capitalize on real-time B2C
payments using a consumer’s email address or U.S. mobile phone
number.
The implementation of BMO’s Payment Hub, powered by ACI’s UP
Real-Time Payments solution, earned the bank a 2019 Celent Model
Bank Award for Payment Services Hub Implementation.
“Changing customer demands creates the need for banks to become
ever more digital, which is driving the imperative to modernize
their payment systems,” said Gareth Lodge, senior analyst, Celent.
“BMO has chosen to embrace this need for change and established an
architecture and a backend operation to support the move for
greater agility, speed and flexibility. This project is a key
component of this, to position them for future success.”
“BMO transcends innovation and its recent Celent award win is
very well deserved,” said Craig Ramsey, Head of Real-Time Payments,
ACI Worldwide. “BMO embarked on a transformational project that has
already proven to be fruitful. And, adding Zelle faster payments is
only the beginning. With ACI’s UP Real-Time Payments solution, BMO
has the freedom to rapidly make strategic or tactical moves, and
realize new market opportunities essential to their success.”
ACI is an official technology partner of the Zelle network, a
leading payments network that has processed hundreds of millions of
transactions. ACI’s UP Real-Time Payments solution is the only
global solution that allows financial institutions to address their
RTGS (Real-time Gross Settlement), SWIFT messaging, ACH and faster
payments needs (including Zelle and The Clearing House RTP) with a
single, universal offering. ACI enables faster time to market,
better management of cash flow, improved secure payments and fraud
detection capabilities, simplified connectivity to new payments
types, and transparency for customers in tracking their
payments.
ACI will showcase its real-time payments and payments
intelligence offerings at The Payments Canada 2019 Summit, May
14-16 in Toronto. Visit ACI at The Payments Canada Summit 2019.
About ACI WorldwideACI Worldwide, the Universal
Payments (UP) company, powers electronic
payments for more than 5,100 organizations around the world.
More than 1,000 of the largest financial institutions and
intermediaries, as well as thousands of global
merchants, rely on ACI to execute $14 trillion each day in
payments and securities. In addition, myriad organizations utilize
our electronic bill presentment and payment services.
Through our comprehensive suite of software solutions delivered on
customers’ premises or through ACI’s private cloud, we provide
real-time, immediate payments capabilities and enable the
industry’s most complete omni-channel
payments experience. To learn more about ACI, please
visit www.aciworldwide.com. You can also find us on
Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2019ACI, ACI Worldwide, the ACI
logo, ACI Universal Payments, UP, the UP logo and all ACI
product/solution names are trademarks or registered trademarks of
ACI Worldwide, Inc., or one of its subsidiaries, in the United
States, other countries or both. Other parties' trademarks
referenced are the property of their respective owners.
Product roadmaps are for informational purposes only and may not
be incorporated into a contract or agreement. The development
release and timing of future product releases remains at ACI’s sole
discretion. ACI is providing the following information in
accordance with ACI's standard product communication policies. Any
resulting features, functionality, and enhancements or timing of
release of such features, functionality, and enhancements are at
the sole discretion of ACI and may be modified without notice. All
product roadmap or other similar information does not represent a
commitment to deliver any material, code, or functionality, and
should not be relied upon in making a purchasing decision.
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version on businesswire.com: https://www.businesswire.com/news/home/20190513005072/en/
Dan RingE-mail: dan.ring@aciworldwide.comPhone:
781-370-3600Nidhi AlbertiEmail:
nidhi.alberti@aciworldwide.comPhone: 781-370-3600
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