MasterCard selected ACIs next-generation payments applications to help create the IPS platform, which provides banks a suite of branded debit network and card issuer processing services including PIN and signature debit and prepaid processing, and ATM driving.
ACIs BASE24-eps serves as the retail payment “engine” for the MasterCard debit processing platform, leveraging BASE24-eps for ATM transaction acquiring, transaction clearing, and related electronic payment functions. In addition, MasterCard uses ACI Payments Manager to monitor all transaction activity, provide customer support features and manage payment settlement functions.
“The integration between ACIs BASE24-eps and the MasterCard IPS platform puts a powerful tool at the hands of banks to manage their accounts and to differentiate themselves in todays marketplace. The intricacies of the MasterCard IPS platform are facilitated by ACIs Payments Manager and put into a single connection for the end-user,” says Adil Moussa, analyst with Aite Group.
BASE24-eps uses an open systems advanced architecture to provide intelligent transaction authentication, authorization and routing capabilities, as well as support for advanced ATM features from the leading vendors. This flexibility allows MasterCard to offer its financial institution customers customised and differentiated services. The solution is optimised to provide leading levels of scale, performance, reliability and security. ACI Payments Manager leverages payment and customer information to provide core transaction settlement and clearing capabilities, as well as insight into transaction patterns and trends.
“MasterCard sought the most advanced in-production payments solutions in the industry to help drive the payment innovations necessary to lead in this growing market. ACIs technology, expertise in the electronic payments business and its range of project and customer support capabilities play an important role in the success of our new platform. Were pleased to be working with ACI on this new and unique offering,” says George Spies, senior vice president, MasterCard Global Operations.
“We have enjoyed a long and successful relationship with MasterCard over the years. We are excited that they have chosen our integrated solutions to help them meet their goals for market differentiation, time-to-market with new innovations, security, customer service levels, transaction performance and overall reliability. We look forward to working with MasterCard on this new initiative,” adds Ralph Dangelmaier, president of ACI Worldwide Americas.