ACI Worldwide’s Money Transfer System has received the SWIFTReady accreditation for payments for the fifteenth consecutive year. In addition, ACI Global Trade Manager, formerly known as Open Account Manager, achieved the SWIFTReady Supply Chain Finance accreditation for the fifth year in a row, demonstrating ACI’s commitment to SWIFT’s standards and solutions.
The receipt of the SWIFTReady accreditation for payments recognises that ACI’s Money Transfer System satisfies SWIFT’s highest requirements for the initiation, generation, processing and settlement of payments. The SWIFTReady Supply Chain Finance label is granted to trade finance applications which support the Trade Services Utility (TSU) messages and workflows. Global Trade Manager is designed and built according to TSU standards and is fully compliant with TSU Release and the bank payment obligation (BPO).
“The SWIFT certification demonstrates that an organisation meets a level of expertise and excellence,” said Anyal Hozee, product/market manager at SWIFT. “We strive to offer a potential customer an impartial evaluation which helps to assure them an independent arbiter has certified the solution meets our standards of quality. I congratulate ACI for maintaining a high level of quality and excellence for the past 15 years.”
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
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