Standard Chartered Bank uses Money Transfer System for clearing major currencies: US Dollar, Euro and the Japanese Yen as part of its commitment to meet the highest levels of availability, reliability and scalability that its customers have come to expect. Adopting Money Transfer System 4.0 in Germany allows the bank to respond to the requirements of the Single Euro Payments Area (SEPA) – enabling it to comply fully with the new regulations, and make cross-border payments faster and more economic for its customers.

Madhavan Ramaswamy, Global Head, Product Management, Banks, Standard Chartered Bank said, “Our clients recognize the bank’s strength in providing access to its international network and multi-currency capabilities to facilitate seamless cross border trade and cross-border transactions. ACI Money Transfer System is a key partner in enabling our ability to deliver best in class solutions and processes to meet our clients’ dynamic needs in a reliable and scalable fashion.”

Ralph Dangelmaier, president of global markets and services at ACI Worldwide said, “Standard Chartered Bank, whose brand promise is ‘here for good’, is focused on delivering the best propositions to its customers globally and locally. We have worked on many different projects over the years, such as the integration and combination of two different versions of Money Transfer System after the acquisition of American Express Bank by Standard Chartered Bank in 2008, and there are currently many different projects in progress. The bank is always looking for ways to work better, more efficiently or more cost effectively, and I am pleased that ACI is able to support so many of those initiatives.”

For more information on ACI Money Transfer System please go to aciworldwide.com/moneytransfersystem

About ACI Worldwide
ACI Worldwide powers electronic payments for more than 800 financial institutions, retailers and processors around the world, with its broad and integrated suite of electronic payment software. More than 90 billion times each year, ACI’s solutions process consumer payments. On an average day, ACI software manages more than US$12 trillion in wholesale payments. And for more than 160 organizations worldwide, ACI software helps to protect their customers from financial crime. To learn more about ACI and understand why we are trusted globally, please visit aciworldwide.com. You can also find us on paymentsinsights.com