PAYNET PICKS ACI FOR COUNTRY’S REAL-TIME RETAIL PAYMENTS

People pass by an ACI Universal Payments banner during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017. - Reuters filepic

FLORIDA: ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced that Payments Network Malaysia (PayNet), the national financial market infrastructure provider, will build Malaysia’s Real-time Retail Payments Platform (RPP) using ACI’s UP Immediate Payments solution.

RPP is PayNet’s strategic initiative to modernise Malaysia’s retail payments infrastructure, drive innovation in electronics payments and bring the benefits of immediate payments to all participants in the payments ecosystem, including banks, payment institutions, businesses, consumers and the Government.