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ACI Worldwide Introduce ACI Instant Pay for Merchants

ACI Worldwide Introduce ACI Instant Pay for Merchants

ACI Worldwide ,an industry leader in mission-critical, real-time payments solutions, recently announced the launch of a new real-time payments solution, ACI Instant Pay, that enables U.S. merchants to receive instant mobile, online, and in-store payments.

The expansion of ACI's real-time payments software solutions to merchants enhance the company's global leadership in driving domestic and pan-regional real-time schemes that reach billions of people around the world.

Merchants can enable ACI Instant Pay through a simple API interaction with ACI's payments orchestration platform. Once integrated, ACI Instant Pay displays as an alternative payment method to merchants across all main channels, including online, mobile app, and in-store. For in-store payments, a QR code displayed on a screen accessible to consumers allows users to commence and conclude payments via their mobile device, offering a seamless, secure, and one-click checkout experience.

Upon the launch of the FedNow domestic real-time payments scheme in 2023, ACI Instant Pay will enable U.S.-based merchants to increase their businesses by accepting and processing real-time payments, which are expected to rise in popularity over the next several years. ACI's 2022 Prime Time for Real-Time research predicts that the annual volume of real-time transactions in the United States to touch 8.9 billion by 2026, rising from 1.8 billion in 2021, demonstrating a compound annual growth rate of 37%.

ACI Instant Pay Benefits at a Glance:

• Freedom from interchange fee burden: giving welcome relief from the escalating expenses of processing card payments, which now average 2 to 4% for every transaction.
• Immediately available funds for business owners are the result of instant settlements.
• Chargebacks are eliminated: with account validation performed prior to payment, only insufficient funds can result in denied transactions.
• That implies no more chargebacks, while the risk of fraud shifts to the banks.
• Ease of integration

  • o A single, straightforward API integration for safe eCommerce
  • o QR code integration in-store

About ACI Worldwide

ACI Worldwide is the world's leading provider of mission-critical, real-time payments software. Leading companies, fintechs, and financial disruptors rely on the company's reliable, scalable, and secure software solutions to process and manage digital payments, present and process bill payments, power omni-commerce payments, and address fraud and risk. ACI Worldwide combines its global footprint with a local presence to enable the real-time digital transformation of payments and commerce.

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