Friday, 24 March, 2023

SBI updates payment switching system with ACI Worldwide

<p>Being India&rsquo;s largest public sector bank with 58K ATMs, SBI frequently exceeds 30M transactions per day. Hence, to meet its transaction processing requirements, the bank has updated its payment switching system using ACI&rsquo;s Retail Payments Solution. It enables SBI&rsquo;s ATM network to acquire Visa, Mastercard, RuPay cards, as well as manage ATM/POS authorisations. Also, the solution executes bank&rsquo;s complex switching needs with minimal downtime and business impact.</p>