ACI Worldwide enters alliance with Banfico

ACI Worldwide (ACIW) has announced the extension of its fintech partnership ecosystem through an alliance with Banfico. ACI processes account-to-account payments for hundreds of PSPs in Europe and the UK with instant payments solutions. Through the partnership with Banfico, ACI will support UK and European banks and payment service providers to comply with mandates to offer Confirmation of Payee and Verification of Payee services. VOP service is a pan-European regulatory requirement as part of the new European Instant Payment Regulation, which all PSPs must adhere to by October.