SECURITY Bank Corp. announced it has chosen the enterprise payment platform solution of software company ACI Worldwide Inc. for the bank’s ability to strengthen its real-time payment capabilities.
ACI Worldwide’s real-time payment platform and modern architecture ensure that Security Bank can provide secure services across consumers, merchants and corporate payments with emerging and new payment types. The Philippines’ payment system is on the verge of modernization, and the integration of its financial structure is essential to ensure significant economic benefits, the lender said. It added that the partnership between ACI Worldwide and Security Bank is a milestone for the bank’s payments modernization efforts and enables the bank to play a key role in helping the nation reap the benefits of real-time payments domestically and across the region.
In its disclosure to the Philippine Stock Exchange last March 1, Security Bank said it posted a 53-percent increase in net income to P10.6 billion last year, “driven by growth in core businesses, lower credit provisions and normalized income tax provisions.”