ACI Worldwide, a leading international provider of payment systems, announced that SWIFT has awarded the 2013 SWIFT Certified Application Payments label to ACI Money Transfer System™ for the sixteenth consecutive year.
The SWIFT accreditation for payments recognizes that Money Transfer System supports SWIFT’s highest requirements for the processing of payments. ACI has also integrated the updated SWIFTRef directories within Money Transfer System – showing ACI’s commitment to providing customers a smooth transition to the new directories.
In addition, ACI Global Trade Manager™ achieved the 2013 SWIFT Certified Application Supply Chain Finance for the sixth year in a row. The label is granted to trade finance applications supporting SWIFT Trade Services Utility (TSU)
messages and workflows. Global Trade Manager is designed and built according to TSU standards and is fully compliant with TSU Release and the SWIFT Bank Payment Obligation (BPO), enabling open account services. According to SWIFT, nearly 80% of global trade is now conducted using open account. Global Trade Manager offers financial institutions the ability to meet the high demand for open account services.
“ACI is an established partner in the SWIFT community. Adherence to the SWIFT Certified Application labels demonstrates an organization’s compliance with the ongoing evolution of the marketplace. We are pleased to see the ongoing commitment from ACI Worldwide for both Payments and Supply Chain Finance,” said Filip Versluys, head of partner marketing at SWIFT.
“ACI strives to offer superior solutions to its customers. The transaction banking business is evolving dynamically with a constant onslaught of regulation and new customer demands. ACI excels at balancing innovative product offerings while strictly maintaining compliance for new standards and compliance initiatives,” said Jonathan Eber, director and product line manager at ACI Worldwide. “By achieving the 2013 accreditations, ACI continues to demonstrate its commitment to being the partner banks can trust to deliver ongoing excellence.”