Hungarian financial institutions are leveraging
ACI’s Real-Time Payments solution to capitalize on expected rise in
digital transaction volumes
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time digital payment software and solutions, today announced
that it powers approximately 75 percent of Hungary’s real-time
payments, after the successful go-live of the country’s domestic
real-time scheme. The scheme mandates that all transactions below
HUF10M ($34,000) must be processed immediately. Hungary is among
numerous countries in Eastern Europe poised for an explosion in
real-time payments growth, with several Hungarian banks and
intermediaries leveraging ACI’s unrivalled Real-Time Payments
solution to capitalize on the expected rise in digital transaction
volumes.
ACI customers in Hungary, including OTP Bank, Erste Bank Hungary
(EBH) and Takarekinfo, have all successfully connected to the
country’s domestic real-time scheme, marking a transition from the
batch-based legacy system, IG2. The go-live has been supported by
ACI partners Capsys and T-Systems.
Long-standing customer OTP Bank is leveraging ACI’s Real-Time
Payments solution to connect to the scheme; the solution offers a
complete range of capabilities for processing real-time payments,
including origination, processing, clearing, fraud detection and
connectivity—all on a single platform. In addition, OTP utilizes
ACI’s API Manager capabilities; both solutions serve as the
architectural foundation for the bank’s enterprise-wide Open
Banking strategy.
Takarekinfo, a leading Hungarian banking IT systems integrator,
is also utilizing ACI’s Real-Time Payments solution to connect
three top 10 Hungarian banking groups to the new scheme—the Takarek
Group (uniting more than 120 former savings cooperatives across the
country), Budapest Bank and MKB Bank. Since the go-live, the new
real-time payments system has performed well. The go-live has also
been supported by Capsys and T-Systems.
Erste Bank Hungary (EBH), another long-standing ACI customer and
a member of Erste Group, one of the largest financial services
providers in Central and Eastern Europe, is leveraging ACI’s Retail
Payments solution to meet real-time balance compliancy requirements
for the domestic real-time scheme and PSD2. In addition, the bank
utilizes ACI’s Payments Risk Management solution to reduce fraud
losses and to satisfy PSD2 requirements.
“The launch of the domestic real-time scheme in Hungary presents
an opportunity for financial institutions to drive new levels of
digital transaction volumes and develop new digital overlay
services,” said Craig Ramsey, general manager and head of real-time
payments, ACI Worldwide. “Banks in Hungary are some of the first in
the region to fully future-proof their payments infrastructure
while laying the foundations for growth. ACI’s solutions ensure
that financial institutions can take advantage of the new
opportunities PSD2 and real-time payments present by delivering
openness while also ensuring the highest levels of privacy, data
protection and fraud prevention for their clients.”
“As a leading payment solution integrator, we have met our first
large challenge of instant payments; it is a new banking paradigm
we have seen built by some of the best in the industry—our clients
and ACI, T-Systems, and ourselves. But the change has just begun,
and we are preparing for the new challenges of the API economy by
building a new payment ecosystem together with our bank customers,”
said Zoltan Szeles, founder and CEO, Capsys. “In the very near
future, we will take payments to the next level, challenging
existing electronic means of payment and generating additional
benefits for consumers and retailers alike. A solid, instant
payment banking infrastructure is only the beginning.”
“With the instant payment system delivered for Takarékinfo,
T-Systems Hungary has taken another important step toward its
strategic goal—to digitize Hungary. Together with ACI and Capsys,
we managed to deliver a best-in-class and long-standing solution
for the Hungarian banking sector. This is however just the first
step,” said Mr. Zoltan Kaszacs, CEO, T-Systems Hungary. “Together,
we have embarked on a journey that will provide a seamless digital
service to the Hungarian people. In the coming years, we will work
on developing the system further to bring additional benefits to
all parties involved.”
About ACI Worldwide
ACI Worldwide powers digital payments for more than 6,000
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 bill presentment and payment services. Through our
comprehensive suite of software solutions delivered on customers’
premises, through the public cloud or through ACI’s private cloud,
we provide real-time, immediate payments capabilities and enable
the industry’s most complete omni-channel payments experience.
About Capsys
Capsys Informatics Ltd., established in 1998, is a Hungary-based
independent software and services company delivering expert
consultancy and IT solutions for financial companies and banks in
over a dozen countries, from North Africa through EU to Russia/CIS
and GCC to a diverse set of banks. As a private company, it is
still owned by its founders who are former executives of financial
services companies. Capsys has development and service centers in
Budapest, Moscow and Bangalore, employing close to 200
professionals. Capsys has long been at the forefront of payments
and bankcards software implementation in CEE, CIS and Africa. Based
on a tactical cooperation dating back to 2009, Capsys and ACI
formally agreed in 2014 to build a partnership for business
development, delivery and support activities. To learn more about
Capsys, please visit www.capsys.hu
About T-Systems
T-Systems Hungary is Hungary’s market-leading ICT company. The
company, 100 percent owned by Magyar Telekom, is the
infocommunication service provider for large companies and public
sector institutions within the Telekom Group. T-Systems provides
telecommunications services, IT and system integration from a
single source, which means reliability, speed, simplicity and
cost-effectiveness for its customers, making not only
implementation, but also operation and maintenance smoother and
more predictable. In addition to its comprehensive ICT
competencies, T-Systems has in-depth, sector-specific knowledge and
experience beyond its own sector.
© Copyright ACI Worldwide, Inc. 2020
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Media Contacts Dan Ring dan.ring@aciworldwide.com
781-370-3600
Katrin Boettger katrin.boettger@aciworldwide.com 0044 (0)7776
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