Finextra reports that Turkish Bank UK has partnered with ACI Worldwide to power its Faster Payments service.
ACIW is a global leading provider of real-time electronic payment services. Turkish Bank UK will use ACIW’s aggregate service to connect to the UK Faster Payments scheme. This will allow Turkish Bank UK to provide instantaneous processing of all transfers to and from UK bank accounts to its customers 24/7.
The information will be processed through ACI’s cloud-delivery model via a new European data center that opened last month in Limerick, Ireland.
Turkish Bank UK has served the Turkish and Cypriot communities in the UK for over 40 years. ACI currently supports over 60 percent of participants in UK Faster Payments.
For more faster payments coverage, check out Pymnts’ latest Faster Payments Tracker™.