ACI Worldwide, Inc. announced the release of ACI Money Transfer System 5.0(TM) the company's leading wholesale banking solution. The newest version of Money Transfer System offers financial institutions the utmost flexibility in defining and managing their payment processing flows. This most recent update was developed as the result of a large scale collaborative effort between ACI and a number of its customers whose design input and suggestions were included in the final version.

By exposing services, ACI is empowering customers with more flexibility, choice and control of their payment systems, both to leverage the services across their organization as well as to further tailor their unique customer offerings. Money Transfer System is one of many ACI products in the company's broader payments platform to deliver on this approach. Money Transfer System 5.0 also provides: Repair Reporting: provides the ability to explain to customers how to correctly format transactions in order to reduce expensive repair activity in the bank's back-office; SWIFT Network Validation Kit: performs validation on messages received through a back-end interface to avoid negative acknowledgements and improve straight through processing; Expanded Global Clearing Channels: expanding the suite of global clearing channels available, Money Transfer System has added: Kuwait Automated Settlement System for Inter-Participant Payments (KASSIP) using the Central Bank of Kuwait's wide area network (CBK-Net) including Arabic character support; Saudi Arabian Riyal Interbank Express (SARIE) system including Arabic character support.