40th Organization Goes Live with BASE24-eps from ACI Worldwide
Banks, Merchants and Payment Processors Invest in Strategic Solution for Retail Payments Processing
BASE24-eps, the next generation of ACI's flagship BASE24 product, is delivering agility, scalability and reliability to institutions of all sizes around the world, including ING and WMATA (Washington Metropolitan Area Transit Authority), as well as other customers in the Americas, EMEA and Asia Pacific, such as ABSA in South Africa which is currently using the product for issuer processing.
BASE24-eps has shown it is capable of supporting the very largest systems with one organization that is processing more than 26 million transactions per day, at peak rates of more than 700 transactions per second and another that uses BASE24-eps to manage 2,250 ATMs. BASE24-eps is also being rolled out by a large European retailer for acquiring, switching and authorization, and five of the UK banks involved in the Faster Payments initiative selected BASE24-eps to process Faster Payments transactions.
BASE24-eps is a multi-platform solution that manages electronic payment devices, acquires transactions across many different channels, and performs high-volume switching, routing and authorization services. The product delivers a single view of account activity and balances, and enables financial institutions to balance high customer expectations while achieving cost reduction targets. BASE24-eps is now deployed in productions systems handling both ATM and POS issuing and acquiring of private label and international card scheme traffic. Retailer, financial institution and processor systems are authorizing on-us transactions and switching not-on-us transactions out to the appropriate international card scheme or other domestic issuer systems.
Ron Totaro, chief operating officer at ACI Worldwide, said "BASE24-eps has been shaped by input from our customers around the world to deliver the functionality and flexibility they need. It takes the availability, scalability and reliability of the world-leading BASE24 product and provides added agility to deliver an enterprise service for all retail banking payments. The product supports new payment channels and products, and enables organizations to build a customized environment for their individual needs, delivering a faster time to market."
BASE24-eps is built on open-systems technology to ensure it delivers maximum flexibility to customers, allowing them to tailor the system to meet their changing needs. It runs on IBM System z and System p, HP NonStop and Sun platforms.
ACI Worldwide is a leading provider of electronic payments software and services to major banks, retailers and processors around the world. The company enables online payment processing, online banking, fraud prevention and detection, and back-office services. ACI solutions provide market-leading levels of reliability, manageability and scale, to more than 800 customers in 88 countries. Visit ACI Worldwide at www.aciworldwide.com.
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