Payments systems provider ACI Worldwide has launched Retail Commerce Server (RCS) 5.0, the newest version of the company’s integrated payment solution for acquiring, authenticating, switching and authorising retailers’ financial transactions across multiple channels.
ACI said that the new framework, targeted for the US and Mexican markets, quickly and easily integrates with current and emerging mobile wallet provider applications.
“Our retail customers face a rapidly evolving payments environment and ACI is ready to assist them to seamlessly integrate these changes into their current systems,” said Jeffrey Hale, senior vice president (SVP), retail payments, ACI Worldwide. “The latest version of RCS empowers retailers to meet the growing demand for mobile wallet services with near seamless integration into their existing systems. It will result in a stronger relationship with the consumer since they will be able to use the payment means of their choice without having to endure service disruptions.”
ACI added that the updated mobile commerce framework supports the ability to process payments initiated on mobile devices through the retailer’s existing payments infrastructure. Most mobile wallets currently operating are designed to bypass the retailer’s existing payments infrastructure. As a result both internal and external costs are increased and the retailer’s ability to manage the customer relationship is negatively impacted.
By having the transaction flow through the existing infrastructure, retailers will be able to meet consumer needs without introducing any significant changes to their store or headquarter operations. The framework architecture has been designed to quickly and easily integrate with current and emerging mobile wallet provider applications.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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