FIS Expands its Real-time P2P Payment Solutions Offering
JACKSONVILLE, Fla., Nov. 29, 2016 – FIS™ (NYSE: FIS), a global leader in financial technology, today announced the expansion of its real-time payments suite with plans to offer Early Warning’s Zelle℠ Network person-to-person (P2P) service to extend its leadership in delivering comprehensive faster-payments solutions for financial institutions.
The partnership with Early Warning will enable FIS financial institutions to join the Zelle Network quickly and with minimal effort. The fully outsourced solution will enable each institution to utilize robust capabilities provided within the secure FIS infrastructure, including mobile and online consumer experiences, alerts and notifications, faster account integration, as well as capabilities for product support, regulatory compliance, risk management and anti-money laundering.
“Offering Zelle aligns with our global initiatives in real-time payments frameworks and extends our portfolio of solutions that help financial institutions fulfill the growing customer demand for instant money movement,” said Scott Coffing, division executive, Corporate and Digital, FIS. “Access to Early Warning’s Zelle solution through FIS will help banks and credit unions remain the secure, trusted provider to – and central transaction point for – their customers.”
“Working with FIS is a natural extension of our strategy to become the ubiquitous provider of faster P2P payments for financial institutions of all sizes,” said Lou Anne Alexander, group president, payments Early Warning. “Zelle and FIS will continue to help financial institutions make their customers’ financial lives easier, providing them fast, safe, and more convenient payment options with their friends and family.”
Zelle will be offered as a key part of the growing set of FIS real-time payment capabilities and solutions, which include External Transfers, Digital eGifting, and Bill Payment, all enabled through FIS PayNet and the FIS Open Payment Framework (OPF). These solutions empower financial institutions to meet the expectations of an on-demand world. At launch, Zelle will be one of the largest faster payments networks in the U.S. accessible to over 76 million mobile banking users nationwide.
About Early Warning
Early Warning is creating the future of payments by delivering innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in financial technology that protects and advances the financial system. Learn more at www.earlywarning.com.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 55,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.