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Stock impact report

European instant cross-border payments soar [Yahoo! Finance]

ACI Worldwide, Inc. (ACIW) 
Last aci worldwide, inc. earnings: 8/8 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
STET processed more than 35 billion transactions in 2023, representing a daily average of more than €25bn. Notably, it processed more than 50 million cross-border real-time transactions over the last 12 months. Moreover, that number is expected to increase by more than 50% in 2024. STET and ACI Worldwide have been working together since 2017. Together, they offer banks and payment service providers (PSP) across Europe a seamless, end-to-end solution for the Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst) scheme. This facilitates the transfer and settlement of instant payments with full pan-European reachability. And it contributes to making instant payment a strong foundation towards a unified European payment means. STET's platform uses ACI Low Value Real-Time Payments as a SaaS service. This offers sophisticated routing and processing capabilities to enable its 20 member banks to connect directly to the European schemes, TIPS and RT1. The result is full pan-Eur Show less Read more
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