ACI Worldwide Selected to Participate in Federal Reserve’s Pilot Program for its Upcoming Real-Time Payments Offering—the FedNow Service
Summary
OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions, today announced that it has been selected by the Federal Reserve Banks to participate in the pilot program for its upcoming FedNow Service, a new real-time payments service. The FedNow Pilot Program will enable thousands of financial institutions across the U.S. to provide secure real-time payment services to consumers and businesses. In the initial advisory phase, participant input will help to further define the service and adoption roadmap, industry readiness approaches and overall real-time payments strategy. “The consumer demand for speed, convenience and simplicity with payments will continue to increase, and we are eager to work with the Fed and other pilot participants to drive the successful implementation, adoption and monetization of real-time payments in the U.S.” ACI Worldwide currently supports 18 real-time domestic schemes globally, including Zelle and TCH. We combine our global footprint with local presence to drive the real-time digital transformation of payments and commerce.