(Formerly ACI Wholesale Payments System)

The Money Transfer System interfaces to real time gross settlement (RTGS) central banking systems, messaging systems, net settlement systems, clearing houses, internal systems, and numerous third party banking applications. It is a single-source solution for domestic and international payment processing and messaging. The Money Transfer System also manages the processing and status of any SWIFT or telex message anywhere within a global financial institution. By linking the back-office, front-office, Internet and legacy systems, the solution effectively creates a virtual global entity.

The ACI Money Transfer System provides financial institutions with some of the highest straight through processing (STP) rates in the industry today by using a series of features, such as automated account retrieval, real time funds availability checking, processing rules and text-based message routing. Each of these tools makes incremental improvements in the overall STP rates possible.

ACI Money Transfer System™ SEPA Express

The Single Euro Payments Area (SEPA) initiative envisages the creation of a euro area in which all payments are domestic and where the current differentiation between national and cross-border payments no longer exists. This means that the SEPA project not only aims to improve the efficiency of cross-border payments, it also aims to develop common instruments, standards, procedures and infrastructures in order to foster substantial economies of scale.

ACI Money Transfer System™ SEPA Express is a global payment processing engine that supports processing for prieuro, credeuro and Pan-European direct debits, as well as country-specific formats. As the back-office processing engine, the Money Transfer System supports payment capture, enrichment, routing and settlement of bulk and individual real time payments in a variety of configurations — for example, as complementary to existing high-value and domestic payment applications. Various aspects of processing — including funds control, risk and approval, foreign exchange rate calculations, black-list checking, and liquidity control — are managed as a set of services in a highly configurable workflow configured by the financial institution.

ACI Money Transfer System for Messaging

The ACI Money Transfer System for Messaging provides financial institutions around the world with a consolidated solution for internal and external message switching. The Money Transfer System allows financial institutions to route messages — such as letters of credit (LC), foreign exchange and securities — to and from internal systems and to external financial and messaging networks around the world. The solution is a portal to financial communications networks such as SWIFT, messaging networks such as telex, and real time gross settlement (RTGS) systems and file-based automated clearing houses (ACHs) around the world.

ACI Money Transfer System Notifications

The Money Transfer System notifications module allows financial institutions to provide automated, multi-channel funds transfer notifications to debit and credit party customers via e-mail and fax.

ACI Money Transfer System Host Interfaces

Money Transfer System host interfaces include AutoTrieve™, Mainframe Posting and Authorization (MPA™), the fee interface and the FOREX interface. These host interfaces facilitate and automate tasks, increasing straight-through processing (STP) and reducing redundant data entry and storage.

Remote Hot Standby for ACI Money Transfer System

Remote Hot Standby (RHS) is a complete disaster recovery module for the ACI Money Transfer System. In the event of an emergency, RHS switches processing to a remote system and allows institutions to continue payments and message processing activities within minutes of the failover. RHS completely duplicates a financial institution’s environment at one or multiple remote locations, allowing payments and message processing to be switched immediately to the remote standby location if the primary site fails.

Smart Router for ACI Money Transfer System

The Smart Router module for the ACI Money Transfer System evaluates unstructured inbound telex and SWIFT messages that cannot be processed using standard routing. Smart Router uses a combination of data extraction and rules-based logic to facilitate the automatic routing of messages that would otherwise require manual handling by an operator.

Remote Payment Initiation and Inquiry for ACI Money Transfer System

The Money Transfer System’s remote payment initiation and inquiry (RPI) add-on module allows customers or internal departments to submit payment instructions securely and efficiently through industry-standard browsers. Instructions for recurring payments reside within the Money Transfer System repetitive file and contain the payment rules so the initiator of the message only needs to enter the amount and date for the payment to be effective.

STP Toolkit and BankSearchPlus
Building on our experience of maximizing the efficiency of payment and messaging systems, ACI offers the ACE Software Solutions STP Toolkit™ and CB.Net BankSearchPlus™ to optimize current and future straight through processing (STP) levels, bringing cost and customer service advantages to existing processes.

BankSearchPlus is the definitive international payments directory, providing access to critical international transaction reference data in one source. BankSearchPlus contains in excess of 96,000 Standard Settlement Instructions (SSIs), National Codes for more than 100 countries and all Bank Identification Codes (BICs). The reference data maintained in the BankSearchPlus directory increases transaction integrity by using only official sources and customer input data.

The STP Toolkit accomplishes higher STP rates by converting received messages from one format to another dynamically and then creating the required output based on pre-defined message/payment definitions. The STP Toolkit automatically corrects errors in the message and payment instructions, eliminating the need for human intervention and reducing processing delays.

The STP Toolkit is a proven solution that enables institutions to protect investments made within their messaging and payment processing environments by reducing costs and increasing revenue opportunities.

Contact us to learn more about the ACI Money Transfer System.