ACI Worldwide Launches ACI Instant Pay for Merchants - In-Store, Online, and Mobile Real-Time Payments - Business Wire

MIAMI--(BUSINESS WIRE)--ACI Worldwide (NASDAQ: ACIW), a planetary person successful mission-critical, real-time payments software, contiguous announced the motorboat of ACI Instant Pay, a caller real-time payments solution that enables merchants successful the U.S. to judge online, mobile and in-store payments instantly. The enlargement of ACI's real-time payments software solutions to merchants reinforces ACI’s planetary enactment successful powering home and pan-regional real-time schemes reaching billions worldwide.

Merchants tin alteration ACI Instant Pay via elemental API integration with ACI's payments orchestration platform. Once integrated, ACI Instant Pay appears to merchants arsenic an alternate outgo method done each large channels: online, in-store and mobile app. For in-store payments, a QR codification displayed connected a consumer-accessible surface enables customers to initiate and implicit payments via their mobile device, enabling a smooth, unafraid and one-click checkout experience.

With the expected motorboat of the U.S. home real-time payments strategy FedNow successful 2023, ACI Instant Pay volition let U.S.-based merchants to boost their businesses by accepting and processing real-time payments, which are expected to turn successful popularity implicit the adjacent fewer years. ACI’s 2022 Prime Time for Real-Time report forecasts the yearly measurement of real-time transactions successful the U.S. to scope 8.9 cardinal by 2026, up from 1.8 cardinal successful 2021, representing a compound yearly maturation complaint of 37%.

ACI Instant Pay Benefits astatine a Glance:

• Freedom from interchange interest burden: providing invited alleviation from the rising costs of processing payments by card, which present mean 2-4% of each transaction.
• Instant colony equals instant liquidity for merchants.
• Chargebacks are eliminated: with relationship validation carried retired pre-payment, lone insufficient funds tin effect successful declined transactions. That means nary much chargebacks, portion fraud vulnerability besides shifts to the banks.
• Integration simplicity
  • Single, elemental API integration for unafraid eCommerce
  • QR codification integration in-store

“At ACI, we are pleased to grow our planetary enactment of driving real-time payments for cardinal governments, outgo networks, banks, fiscal institutions and fintech companies to see Merchants now. Merchants tin present reap the dual benefits of instant payments for an enhanced shopper acquisition and improved bottommost line. Many shoppers are frustrated by accepted outgo options. They privation much choice, greater transparency and amended control, online and in-store,” said Debbie Guerra, main merchandise officer, ACI Worldwide. “ACI Instant Pay helps merchants seizure and prosecute caller customers portion driving maturation and lowering costs.”

“With ACI Instant Pay, worth flows straight from lawsuit to merchant with nary paper fees, nary idiosyncratic friction, nary delays and nary hazard of paper fraud,” added Basant Singh, planetary caput of ACI's merchant segment. “It besides allows merchants to trim their costs and walk savings connected to their customers arsenic an inducement successful the signifier of cashback, loyalty points oregon discounts.”

About ACI Worldwide

ACI Worldwide is simply a planetary person successful mission-critical, real-time payments software. Our proven, unafraid and scalable bundle solutions alteration starring corporations, fintechs and fiscal disruptors to process and negociate digital payments, powerfulness omni-commerce payments, contiguous and process bill payments, and negociate fraud and risk. We harvester our planetary footprint with a section beingness to thrust the real-time integer transformation of payments and commerce.

© Copyright ACI Worldwide, Inc. 2023
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and each ACI product/solution names are trademarks oregon registered trademarks of ACI Worldwide, Inc., oregon 1 of its subsidiaries, successful the United States, different countries oregon both. Other parties' trademarks referenced are the spot of their respective owners.