Philippines ’ Security Bank Corporation partners with ACI Worldwide to transform real-time payments platform
Philippines ’ Security Bank will utilize
ACI ’ s Enterprise Payments platform to modernize its payments infrastructure .
The partnership will help the bank stay ahead of evolving customer and regulatory demands by providing full payment hub capabilities for low and high value payments across consumers , merchants and corporate payments with emerging and new payment types .
“ With the Philippine payments system primed for rapid growth , we require a technology platform that can be modified as our customers ’ needs and demands evolve ,” said Stephen John Bell , SVP and Channels Network Group Head , Security Bank Corporation .
“ ACI Worldwide is the APAC leader in real-time payments transformation , from powering country-wide real-time payment ecosystems to interconnecting cross-border real-time payments networks and enabling integration ,” said Leslie Choo , Senior Vice President , Managing Director – APAC , ACI Worldwide .
According to ACI Worldwide ’ s 2022 Prime- Time for Real-Time report , the volume of realtime payments in the Philippines continues to grow – with banks encouraging new domestic use cases and domestic fintechs emerging in the market .
The Philippines ’ payment system is on the verge of modernization , and the integration of its financial structure is seen as essential to ensure significant economic benefits .
Woolworth ’ s Wpay partners with Qwickcilver over gift cards
Qwikcilver Solutions in Australia , a wholly owned subsidiary of Pine Labs and a pioneer in SaaS based end-to-end gift card processing , has partnered with Woolworths Group ’ s payments entity Wpay to extend their gift card processing solutions and services in the Australia and New Zealand region .
This strategic partnership seeks to holistically enhance the Woolworths Group gift card program and support its journey toward Digital Transformation with Qwikcilver ’ s stateof-the-art platform and comprehensive suite of solutions .
The Gift Card brands in operation include Woolworths Supermarket , BIG W , Countdown , Dan Murphy ’ s , BWS , EG Fuel , ALH and the popular Wish Gift Card which is redeemable across all the above brands .
Speaking on the Wpay partnership , Kumar Sudarsan , Director , Qwikcilver , Australia and
President , Issuing Business , Pine Labs , said : “ We have seen strong growth in digital gifting in recent years as both retail and corporate segments are experiencing a significant increase in demand from consumers across different segments and age groups .”
Paul Monnington , Managing Director , Wpay , said : “ Partnering with Qwikcilver has helped accelerate our digital product range . The Qwikcilver team shares the same focus we do on providing solutions that are readily available for customers to choose from .” p
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