Westpac NZ updates payment technology
(25 October 2017 – New Zealand) Westpac’s New Zealand subsidiary has completed “a wide-ranging banking technology transformation” with ACI Worldwide, according to the technology vendor.
Westpac NZ has implemented ACI’s Unversal Payments (UP) suite of solutions for real-time payments and fraud prevention capabilities for its retail banking business, with agile methodology and DevOps practices.
The bank is a long-standing customer of ACI – using the paytech vendor’s legacy Base24 payments system. Now, it has UP Immediate Payments as its new financial transaction hub, orchestrating payments across channels, networks and payment types, and settling to any clearing stream in real-time.
Core payment processing is handled by ACI’s UP Retail Payments solution, which acquires, authenticates, switches and authorises financial transactions across multiple channels.
“Building on our close collaborative relationship with ACI, it was logical to partner with them as we shifted to DevOps methodology and practices,” says Dawie Olivier, CIO of Westpac NZ.
“Implementing ACI’s retail payments solution on Linux positions us to fully capitalise on the transformation of both our IT culture and technology stack.”
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