Lloyds TSB is to use an enhanced version of ACI
Worldwide’s Base24-es software to meet the UK’s new Faster Payments
Service (FPS) requirements.
Base24-es for Faster Payments will provide Lloyds TSB with a
gateway for linking to the central Faster Payments infrastructure,
being built by Immediate Payments (the joint venture between Link
and Voca).
Darryl West, director of group IT at Lloyds TSB, said, “The move
to Faster Payments is an important infrastructure change for us.
ACI’s history with us made it the logical choice and we are
confident that we will be FPS-compliant within the agreed
timeframe.”
The gateway will help Lloyds TSB integrate with its existing
payment hub. It will be maintained and enhanced by ACI as the
scheme changes and mandates emerge and will run on an IBM System z
server.
Lloyds TSB has been a customer of ACI for nearly 20 years and
already uses Base24 and Base24-es in retail banking.
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