MasterCard Worldwide has selected ACI’s electronic payment solutions as key elements of its new Integrated Processing Solutions (IPS) platform. MasterCard selected ACI’s next-generation payments solutions to help create the IPS platform, which provides banks a suite of branded debit network and card issuer processing services including PIN and signature debit and prepaid processing, and ATM driving. ACI’s BASE24-eps serves as the retail payment ‘engine’ for the MasterCard debit processing platform, running ATM transaction acquiring, transaction clearing and related electronic payment functions. In addition, MasterCard uses ACI Payments Manager to monitor all transaction activity, provide customer support features and manage payment settlement functions.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.