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SBI Modernized its Payment Switching System using ACI’s Retail Payments Solution

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SBI collaborated with ACI WorldwideACI Worldwide(ACI), a global provider of real-time digital payment software and solutions has modernized payments infrastructure of State Bank of India (SBI)’s Automated Teller Machine(ATM) and Point-of-Sale (POS). Modernization was done using ACI’s enterprise-class Retail Payments solution.

Key Info

SBI, in addition to transaction processing, also protects its payments and eases fraud using ACI’s fraud management solution for debit cards, mobile banking, internet banking, pre-paid and UPI(Unified Payments Interface) payments.

Note- SBI is the long time customer of ACI,which utilised the solution to acquire, authenticate, route, switch and authorize financial transactions across its ATM, POS and eCommerce channels.

About ACI’s enterprise-class Retail Payments solution


i.The Solution enables the ATM network of SBI to obtain Visa, MasterCard and RuPay cards and manage ATM / POS authorizations.

ii.The Transaction processing volumes oftentimes exceeds 30 million transactions per day.


i.It is built on an open service-oriented architecture for strong payments across multiple channels.

ii.Through its ‘active-active’ configuration, it delivers 24x7x365 secure payment capabilities. Currently, it is used by 19 of the world’s top 20 banks.

Additional Info

ACI has teamed up with SBI to ensure the solution implementation, not only to meet the  complex switching needs of the bank but also to execute it with less downtime and business impact.

Recent Related News:

i.National Bank of Bahrain(NBB) and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, announced that the bank has decided to adopt the Finacle Cash Management Suite to digitally transform its transaction banking business.

ii.BOB Financial Solutions Limited(BFSL) has chosen Fiserv, Inc. to enable the digitization of their end-to-end card issuance and processing cycle and support the launch of several new and high-tech products including contactless credit cards, virtual credit cards among others.For this purpose, BFSL will utilize Fiserv’s FirstVisionTM, an end-to-end managed services solution.

About State bank of India(SBI):
Headquarters– Mumbai, Maharashtra
Chairman– Rajnish Kumar
Tagline– The banker to every Indian; With you all the way; Purely banking nothing else; The nation banks on us.

About ACI Worldwide
HeadQuarters- Naples, Florida, United States
President & Chief Executive Officer– Odilon Almeida