ACI Worldwide Integrates Swift's Relationship Management Application into ACI Wholesale Payments System.RMA (RealMedia Architecture) See RealMedia. Integration Will Shield Users from Unwanted Traffic, Offering Protection against Auditing Risk, Regulatory Risk and Damage to Reputation WATFORD, England -- ACI ACI American Concrete Institute ACI Arch Coal Inc ACI Airports Council International (formerly Airport Associations Coordinating Council) ACI Automobile Club d'Italia ACI American Competitiveness Initiative Worldwide (Nasdaq:TSAI TSAI Transaction Systems Architects Inc ), a leading international provider of enterprise payment solutions, today announced that the SWIFTAlliance relationship management application (RMA) is fully integrated into its market-leading ACI Wholesale Payments System[TM]. The software will interact with SWIFT's RMA to help reduce risk and increase the knowledge of correspondents communicating on SWIFTNet. This integration demonstrates ACI's success in achieving compliance with SWIFTNet Phase 2. The ACI Wholesale Payments System is a multi-bank and multi-currency global payments processing and risk management system that provides continuous processing capabilities. By integrating SWIFT's RMA with its Wholesale Payments System, ACI can offer customers greater and more granular control over correspondent relationships at individual financial institutions. The RMA interface will also allow users to stop unwanted traffic at the sender, protecting the user from potential auditing risk, regulatory risk and damage to its reputation. SWIFT, the Society for Worldwide Interbank Financial Telecommunication For other uses, see swift (disambiguation). The Society for Worldwide Interbank Financial Telecommunication ("SWIFT") operates a worldwide financial messaging network. Messages are securely and reliably exchanged between banks and other financial institutions. , supplies secure messaging services and interface software to wholesale financial entities. SWIFT introduced the RMA solution to improve the user's control over SWIFTNet counterparts and their traffic. RMA is designed to be used with all SWIFTNet solutions requiring such controls. The RMA has been designed to replace the existing Bilateral Key Exchange Bilateral Key Exchange (BKE) is an encryption scheme utilized by The Society for Worldwide Interbank Financial Telecommunications (SWIFT). A Bilateral Key allows secure communication across the SWIFT Network. (BKE BKE Bukit Timah Expressway (Singapore) BKE Bilateral Key Exchange BKE Butterworth-Kulim Expressway BKE Bartow and King Engineers, Inc. ) currently employed on FIN communications and will provide a simpler and more efficient alternative. RMA removes the need to renew authorisations every six to 12 months as is currently the case with BKE. Luc Van Bergen, manager of interfaces and applications at SWIFT, said, "ACI is a trusted partner and has from the outset met the specifications for payments communications decided upon at SWIFT. Through integrating our RMA interface, ACI has once again proven its dedication to providing the wholesale banking industry with cutting-edge solutions that will continue to prove themselves into the future." Richard Launder Launder To move illegally acquired cash through financial systems so that it appears to be legally acquired. , president of ACI Worldwide EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. , said, "SWIFT has always been a great catalyst for change in the payments industry, and we are extremely proud of our relationship with them. As the role of RMA grows in importance, we are confident that by integrating SWIFT's best-of-breed application, ACI will be offering its customers a future-proof and highly robust solution. By integrating SWIFT's RMA, we have added another layer of functionality to our industry leading Wholesale Payments System." The ACI Wholesale Payments System currently holds the SWIFTReady Gold accreditation for Payments for the ninth consecutive year. The Gold Label, SWIFT's highest accreditation, recognises that ACI's solution satisfies all SWIFT requirements and is testament to ACI's continued support and commitment to SWIFT's standards, products and services. About ACI Worldwide Every second of every day, consumers are initiating electronic payment transactionsCogetting cash at ATMs, using debit and credit cards to make purchases in stores and on the Internet, banking by phone and PC, and paying bills online. Over 50 billion times a year, ACI software is used to process these transactions, powering the world's online payment systems. ACI was founded in 1975 and pioneered the development of applications and networking software for online transaction processing See transaction processing and OLCP. . Today more than 800 customers in 84 countries use ACI supplied software to route and authorize electronic payment transactions; detect fraud and money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. ; issue and manage magnetic stripe and smart cards; deliver secure electronic correspondence; and automate payment settlement and claims processing. Visit ACI Worldwide on the Internet at www.aciworldwide.com Any statements in this press release regarding projected results are preliminary and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. In addition, this press release may contain other forward-looking statements including statements regarding Transaction Systems Architects, Inc.'s ("TSA TSA See tax-sheltered annuity (TSA). "), its subsidiaries or third parties' expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect. The forward-looking statements in this press release are subject to a variety of risks and uncertainties. Actual results could differ materially. For a detailed discussion of these and other risk factors, interested parties should review the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed on December 14, 2005, the Company's Form 10Q filed on February 9, 2006, the Company's Form 10Q filed on May 10, 2006, and the Company's Form 10Q filed on August 9, 2006. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion