Continued Focus on Payments Innovation Drives FIS Launch of P2P Payments Solution
FIS (NYSE: FIS):
Key Facts
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FIS People Pay provides real-time person-to-person (P2P)
payments using the capabilities of the FIS PayNet™ real-time
payments network.
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Consumers gain freedom and confidence of managing P2P payments
through a single, trusted platform provided by their financial
institution.
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The solution enables financial institutions to remain the
top-of-mind and trusted provider of payment services to their
customers and drive increased P2P adoption.
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Beyond traditional P2P models, the next horizon for today’s digitally
demanding, fast-moving consumer is paying any person, company or
institution in real time – quickly, easily and securely. FIS™
(NYSE: FIS), the world’s largest provider of banking and payments
technology, today announces the launch of FIS People Pay, an advanced
P2P payments offering for financial institutions that allows their
customers to send payments directly to other consumers using an e-mail
address or mobile phone number while utilizing the institution’s secure
online banking Web site.
Offered to financial institutions, FIS People Pay enables banks and
credit unions of all sizes to provide their customers and members with a
financial institution-branded P2P payment capability that addresses the
increasing consumer expectation for real-time P2P payments. FIS People
Pay leverages the FIS
PayNet payments network to enable real-time money movement as well
as FIS’ proven fraud monitoring solutions for risk management.
For consumers, FIS People Pay is a simple and secure way to make
“me-to-them” payments in real time. Users can choose when and how to
send payments based on what identification information the recipient
provides to the sender, including account number, mobile telephone
number or e-mail address. For financial institutions, FIS People Pay
enables P2P capabilities through a real-time good funds model that
eliminates the funding risk of ACH.
“FIS is focused on investing in innovations that bring direct value to
our clients and the customers they serve, and the launch of FIS People
Pay is a definite proof point of that strategy,” said Nancy Langer,
division executive, ePayment Solutions, FIS. “Over the last year we’ve
seen bill pay transaction volumes increase by 20 percent and our more
than 14,000 clients are looking to us for the next-generation P2P
solution. We believe real-time P2P is a critical facet of the broadening
set of consumer’s digital money movement needs. FIS People Pay delivers
not only advanced P2P capabilities, but keeps financial institutions at
the center of the digital money movement.”
Launching this month, FIS People Pay is a standalone P2P solution and
will also be integrated with FIS channel products and core solutions.
About
FIS
FIS (NYSE: FIS) is the world’s largest global provider dedicated to
banking and payments technologies. With a long history deeply rooted in
the financial services sector, FIS serves more than 14,000 institutions
in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs
more than 35,000 people worldwide and holds leadership positions in
payment processing and banking solutions, providing software, services
and outsourcing of the technology that drives financial institutions.
First in financial technology, FIS tops the annual FinTech 100 list, is
425 on the Fortune 500 and is a member of Standard & Poor’s 500®
Index. For more information about FIS, visit www.fisglobal.com.
Forward-Looking Statements
This news release contains forward-looking statements that involve a
number of risks and uncertainties. Statements that are not historical
facts, including statements about our beliefs and expectations, are
forward-looking statements. Forward-looking statements are based on
management's beliefs, as well as assumptions made by, and information
currently available to, management. Because such statements are based on
expectations as to future economic performance and are not statements of
fact, actual results may differ materially from those projected. We
undertake no obligation to update any forward-looking statements,
whether as a result of new information, future events or otherwise. The
risks and uncertainties which forward-looking statements are subject to
include, but are not limited to: changes in general economic, business
and political conditions and other risks detailed in the “Statement
Regarding Forward-Looking Information,” “Risk Factors” and other
sections of the Company’s Form 10-K and other filings with the
Securities and Exchange Commission.