B2B Payments

ACI Worldwide Adds More Digital Overlay Services For Contactless B2B Payments

ACI Worldwide, which provides electronic payment and banking solutions, has added new digital overlay services that it says will help to speed up real-time payments, according to a press release.

The company will work with Mindgate Solutions to help “add a range of real-time digital overlay services to support a high-volume, data-rich digital payments ecosystem” through a number of services like new apps and web portals, plug-ins, advanced programming interfaces (APIs) and software development kits (SDKs) and digital and social media channels on top of the real-time payments infrastructure, the release stated.

According to the release, there will now be new end-to-end payment services for contactless and QR code methods, with member-initiated payments using dynamic QR codes. There will be self-service portals for end-to-end payments, and simpler applications for mobile payments that include Request to Pay (RtP) services. And, there will be flexible person-to-person (P2P) services with added layers of security authorizations.

Craig Ramsey, head of real-time payments at ACI Worldwide, said the point of the new partnership and innovations is to keep up with innovation in the payments sphere worldwide.

“Today’s consumers increasingly expect a seamless payment experience across multiple channels — whether it’s through social media, physical point-of-sale or eCommerce,” he said, according to the release. “Together with our strategic partner Mindgate, we are ensuring that banks and their customers are real-time ready.”

Ramsey added that the pandemic had expedited the need for quicker, more efficient digital payments, as it has likely shifted consumer behavior for the foreseeable future. A recent PYMNTS report noted the swiftness of digitization.

The more digital a process is, the report stated, the easier it becomes for companies to automate and enact touch-free processes necessary for the current times.

Mindgate Solutions Co-Founder George Sam said in the release that he is excited to work with ACI due to the potential to “bring market-proven, pre-integrated, innovative digital overlay services to ACI’s growing customer base around the world, helping drive digital payments adoption.”


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.