ACI Worldwide, an international provider of electronic payments software and solutions, has announced that the ACI Money Transfer System has achieved the SWIFTReady accreditation for payments for the twelfth consecutive year. The solution is a multibank and multicurrency global payments processing and risk management system, that provides continuous processing capabilities.
SWIFT, the Society for Worldwide Interbank Financial Telecommunication, supplies standards and secure messaging services to financial entities. Candidates for the SWIFTReady accreditation are evaluated on an annual basis to determine their ability to meet a range of SWIFT-specific criteria.
It has been reported that the accreditation recognizes that the Money Transfer System satisfies SWIFT’s requirements. Louis Blatt, chief product officer at ACI, said: Receiving this accreditation for the twelfth year in a row emphasizes our commitment to being a leader in SWIFT processing. As SWIFT continues to introduce operational changes related to compliance, efficiency and new revenue opportunities, our clients are confident that the Money Transfer System addresses their business needs.
Philippe Lecomte, partner manager Americas, SWIFT Pan-Americas, said: As the challenges facing banks change, and regulatory requirements evolve, SWIFT is constantly updating its offering to meet the needs of banks around the world every day. The accreditation process for vendors is an important element of that, to ensure banks can have the confidence they are working with solutions that are completely SWIFTReady. Since the inception of the SWIFTReady program, ACI Worldwide has consistently demonstrated its ongoing commitment to satisfying the standards we set forth.
