Security Bank Corp. has adopted ACI Worldwide’s enterprise payment platform solution as the technology best suited to strengthen the bank’s real-time payment requirement.
The adoption will accelerate Security Bank’s digital transformation journey and help it stay ahead of evolving customer and regulatory demands. The system provides full payment hub capabilities for low- and high-value payments, including payment processing, domestic scheme gateways and SWIFT on ISO 20022 standards on a single platform.
ACI Worldwide’s real-time payment platform and modern architecture provides secure services across consumers, merchants and corporate payments with emerging and new payment types.
“With the Philippine payments system primed for rapid growth, we require a technology platform that is scalable and can be modified as our customers’ needs and demands evolve. The ACI partnership will enable us to provide our customers with a seamless real-time payments experience, aligned with Security Bank’s brand promise of Better Banking,”Stephen John Bell, SVP and channels network group head of Security Bank, said.
ACI Worldwide has a record of implementing critical real-time ISO 20022 payments ecosystems and central infrastructures across APAC countries.
It provides the central infrastructure for Indonesia’s BI-FAST, one of the world’s largest real-time payment initiatives, which will incorporate 135 banks as well as merchants and payment service providers when fully implemented.
