FIS and Visa Deepen Their Relationship to Provide Regional and Community Banks With Easier Access to Powerful Payments Capabilities
Key Facts
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FIS and
Visa have expanded their relationship to collaborate on new value-added payment capabilities for financial institutions of all sizes, helping to level the technological playing field for regional and community banks across money in motion. - Issuers will be able to adopt these technologies that can help grow revenues, retain customers and reduce fraud losses.
- The announcement illustrates FIS’ commitment to unlocking value for the financial services industry through strategic collaborations with other providers.
By expanding its already strong strategic relationship with
The new capabilities that amplify money in motion include:
- Stop payment services: Enables cardholders and call centers to halt recurring payments to merchants, empowering cardholders to better own their spending and helping reduce call center burden for issuers that may have limited infrastructure.
- Digital campaign manager: Enables financial institutions to employ new marketing channels – like augmented reality events and other digital experiences – in customizable campaigns to supercharge customer acquisition, engagement and brand awareness.
- Wallet link: Pushes an issuer’s branded digital card to the customer’s digital wallet without the need for manual app download, helping issuers to stay top-of-wallet and limit lost revenue, while simultaneously making it easier to innovate the customer’s payment experience with less friction.
- E-commerce fraud mitigation: Offers an integrated solution designed to give issuers increased e-commerce transaction approval rates and help eliminate the financial liability of chargebacks due to fraudulent purchases.
“According to Experian, the average American holds nearly four credit cards, highlighting the need for issuers to have efficient systems to stay competitive,” said
The announcement comes on the heels of other strategic industry partnerships from FIS, illustrating how the company utilizes such agreements to keep innovating across the entire money lifecycle. Recent examples include joint ventures with Oracle,
“Our collaboration with FIS is making it easier for financial institutions of all sizes to compete more effectively by offering solutions that drive growth and enhance customer retention," said
Access to all products listed above is anticipated to be available to FIS client issuers within 2025. To learn more about these solutions, please contact FIS Sales at www.fisglobal.com/contact-us. To learn more about the full breadth of the FIS payments ecosystem, please visit us at https://www.fisglobal.com/products/payments-ecosystem.
FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in
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For More Information
Senior Vice President
kim.snider@fisglobal.com
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