ACI, which delivers electronic banking and
payment solutions for financial institutions, retailers and processors around the world, said its data is based on an analysis of hundreds of millions of transactions
from large
global retailers between January and July 2015 compared with the same period in 2014.
Citing Ripple's traction with
global banks, including UBS, Santander, CIBC, UniCredit, ReiseBank, ATB Financial and National Bank of Abu Dhabi, the report points out that far
from being just hype, Ripple's
solution is already cutting the time and internal costs for cross-border
payments for banks, while enabling the increasingly crucial use case of high - volume, low - value
global transactions.
TNW published a statement
from Visa Europe confirming it had terminated its partnership with WaveCrest Holdings, a
global payment solutions company, after it had failed to comply with Visa's operating rules.