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ACI's UP Retail Payments solution empowers ALTO to capture growing market opportunity.

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Vincent

INTERNET BUSINESS NEWS-(C)1995-2019 M2 COMMUNICATIONS

ACI Worldwide (NASDAQ: ACIW), a global provider of real-time electronic payment and banking solutions, has announced that ALTO, a interbank switch in Indonesia, is expanding its payments capabilities with the next generation of ACI's UP Retail Payments solution, the company said.

ALTO selected ACI as its strategic payments technology partner to address new regulatory requirements, capture growth in alternative payments and respond to future developments of the national payment gateway within the Indonesian market.

ALTO currently provides digital payment services to banks, payment gateways, billers, corporates and merchants, utilizing the latest technologies. The implementation of ACI's UP Retail Payments solution demonstrates ALTO's approach to partnering with an established global player, enabling a strong foundation for faster development and the addition of new payment endpoints in a market that is expected to register double-digit growth in digital commerce over the next five years.

ALTO will initially use ACI's UP Retail Payments for card-based transaction switching...

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