TechTarget

MasterCard takes ACI for payment processing system

MasterCard Worldwide has selected ACI Worldwide Solutions to support its new debit and prepaid processing systems...

MasterCard Worldwide has selected ACI Worldwide Solutions to support its new debit and prepaid processing systems.

ACI's Base24-eps platform will act as the payment engine for the MasterCard Integrated Processing Solutions (IPS) system, which offers banks debit network and card issuer processing services.

Base24-eps will support ATM transactions, transaction clearing and related electronic payment functions.

MasterCard is also using ACI Payments Manager to monitor all transaction activity, provide customer support and manage payment settlement.

Adil Moussa, an analyst at Aite Group, said, "The integration between ACI's Base24-eps and the MasterCard IPS platform puts a powerful tool in the hands of banks to manage their accounts and to differentiate themselves in today's marketplace.

"The intricacies of the MasterCard IPS platform are facilitated by ACI's Payments Manager and put into a single connection for the end-user."

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