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ACI Worldwide Real-Time Payments

ACI Worldwide

Solution(s): ACI Connetic
Website(s): aciworldwide.com/solutions/payments-hub (Off-site)
Contact: Trevor LaFleche, trevor.lafleche@aciworldwide.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

ACI Connetic is a cloud-native payments platform designed to help financial institutions implement, operate and innovate on instant payment schemes such as the FedNow Service. For the FedNow Service, ACI Connetic provides core processing, connectivity and orchestration services that enable credit transfers, request for payment, liquidity management, exception handling and reporting in line with FedNow Service functional and operational requirements. The platform supports multiple account types, including DDA/current accounts, savings accounts and loan accounts, with flexibility to extend to additional ledger or sub-account models as required by the institution.

ACI Connetic exposes modern, standards-based APIs to initiate, validate, route, post and monitor instant payments and related messages. APIs and event-driven services enable real-time status updates, transaction tracking and notifications, while built-in controls support limits management, fraud screening and compliance checks at transaction time. The platform also provides out-of-the-box operational dashboards and monitoring tools for settlement positions, liquidity and messaging health, supporting high-availability, 24×7 operations. The solution is designed for use by multiple user types. Financial institution staff use operational and administrative interfaces for monitoring, exception management and settlement activities. Business and retail customer experiences are enabled through integration with the institution’s existing digital channels, core systems or customer-facing applications using ACI Connetic APIs. This architecture allows financial institutions to launch the FedNow Service quickly while retaining flexibility to innovate with new real-time use cases and value-added services over time.

Segment type(s)

  • Financial Institution Service Provider

Solution type(s)

  • Payments Hubs/Platforms/Payment Gateways

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Buy Now Pay Later
  • Construction
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Loans (direct or indirect)
  • Merchant
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)
  • Transportation
  • Other

FedNow functionality supported

  • Correspondent Settlement Services
  • FI staff-initiated transactions
  • Fraud Prevention/Monitoring Services
  • Liquidity Management Transfers
  • Receiving FedNow Transactions
  • RFP Transactions – Businesses Receiving
  • RFP Transactions – Businesses Sending
  • RFP Transactions – Consumers Receiving
  • RFP Transactions – Consumers Sending
  • Sending FedNow Transactions – Business Accounts
  • Sending FedNow Transactions – Consumer Accounts
  • Other

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.