Available via a private cloud-based delivery model or on-premise, ACI's UP Immediate Payments solution is highly flexible and adaptable, enabling access to all IP schemes globally. It has been used by existing scheme members to access Faster Payments since launching in 2008.ACI currently supports over 60 percent of the direct participants in the UK Faster Payments scheme. ACI provides world-class electronic payments, banking, and fraud protection solutions and services to more than 4,600 financial institutions, retailers, and billers around the world through a private cloud, processing more than 35 million transactions per day. Note to editors: *The New Access Model, first published by the Faster Payments Scheme in December 2014, sets out proposals to enable technology vendors to offer technical access to Payment Service Providers (PSPs) by adding to their existing accounting platform technology, or providing a managed solution to either a single or multiple PSPs. The Technical Accreditation process is designed to help PSPs make an informed choice of which technical vendor to select to obtain access to Faster Payments, as any accredited vendor has been able to demonstrate their technical capability. A more detailed description of the New Access Model is available in the Faster Payments: A Vision for a New Access Model, whitepaper: http://www.fasterpayments.org.uk/sites/default/files/FPS_Payment%20Access%20Whitepaper.pdf About ACI WorldwideACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than 5,100 organizations around the world. More than 1,000 of the largest financial institutions and intermediaries as well as thousands of global merchants rely on ACI to execute $14 trillion each day in payments and securities. In addition, myriad organizations utilize our electronic bill presentment and payment services. Through our comprehensive suite of software and SaaS-based solutions, we deliver real-time, immediate payments capabilities and enable the industry's most complete omni-channel payments experience. To learn more about ACI, please visit www.aciworldwide.com. You can also find us on Twitter @ACI_Worldwide. About Faster PaymentsFaster Payments is the only UK interbank payment system available day and night, 365 days per year, supporting the demands of personal and business customers to make payments from mobile, Internet and telephone banking channels. In 2015, Faster Payments processed 1.24 billion payment transactions with a value of £1,104 billion. Faster Payments Scheme Limited (FPSL) is an independent limited by guarantee company established in 2011. The Scheme exists to develop, operate and enhance payment services based upon a shared 24/7 real-time infrastructure. FPSL is driven by the long-term needs and aspirations of customers, businesses, government, the third sector and all types of Payment Service Providers (PSPs) including challengers and incumbents. The Scheme operates on a fair and equitable cost recovery basis. It does not seek to make a financial return for its guarantors. www.fasterpayments.org.uk About Turkish Bank (UK)Turkish Bank has been in the UK for over 40 years and is part of a larger group based in Turkey and Northern Cyprus which has been serving customers for over 100 years. Turkish Bank seeks to serve the Turkish speaking community in the UK and Group customers with their banking needs in the UK, in line with the Group's culture and ethical values, supported by a strong and conservative capital and liquidity position. The opportunity to join the faster Payments system directly will strengthen the Bank's ability to continue to improve the services to the Bank's customers, and is one of a number of enhancements that the Bank is putting in place over the next year and beyond. © Copyright ACI Worldwide, Inc. 2016.ACI, ACI Worldwide, ACI Payment Systems, the ACI logo and all ACI product names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.
Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI's sole discretion. ACI is providing the following information in accordance with ACI's standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.