FIS On the Ready to Support Federal Reserve’s New Instant Payment Service
07 Julho 2023 - 9:00AM
Business Wire
Key facts
- FIS is among the first in the fintech industry to complete
testing and certification for the FedNow Service®.
- By completing the certification, FIS can help its financial
institution clients tap into 24x7x365 instant payments through the
FedNow Service.
FIS® (NYSE: FIS), a global leader in financial services
technology, has announced it is among the first in the fintech
industry to complete testing and certification for the FedNow®
Service, the Federal Reserve’s new instant payment offering
launching in July 2023. The certification is for “Credit Transfer –
Receive Only” payments, which allows FIS to receive payments from
any financial institution that sends money over the FedNow network,
send payment returns as well as provide various acknowledgements,
requests, and responses.
By completing the certification, FIS is fully ready to help its
client financial institutions tap into the FedNow Service,
ultimately enabling them to provide customers with 24x7x365 instant
payments, improve their competitiveness, and build new
products.
“We are excited that early adopters of all sizes across the
country are making strides in their operational readiness for live
transactions through the system,” said Ken Montgomery, Federal
Reserve Bank of Boston first vice president and FedNow Service
program executive. “Completing certification is a key milestone for
participating organizations to validate their ability to deliver
instant payment services.”
To achieve certification, FIS completed a comprehensive testing
curriculum, including fulfilling a checklist of requirements to
confirm ability to transmit and process ISO® 20022 messages, and
attested that they are prepared to meet the requirements to
successfully operate in a 24x7x365 instant payments
environment.
“As digital payments accelerate across the industry, there has
been a great need for a solution like the FedNow Service and it is
why we have made it a priority to be a part of its early adoption
at FIS,” said Mike Kresse, SVP, Money Movement & Retail
Solutions at FIS. “This certification is just the first step in our
mission to help enable a more modernized U.S. payments system and
we look forward to adding on capabilities and features that will
further allow our financial institution clients to participate and
subsequently better service their customers.”
For more information on the FedNow Service and the parameters of
the “Credit Transfer - Receive only” certification, please visit
https://explore.fednow.org.
About FIS
FIS is a leading provider of technology solutions for financial
institutions and businesses of all sizes and across any industry
globally. We enable the movement of commerce by unlocking the
financial technology that powers the world’s economy. Our employees
are dedicated to advancing the way the world pays, banks and
invests through our trusted innovation, system performance and
flexible architecture. We help our clients use technology in
innovative ways to solve business-critical challenges and deliver
superior experiences for their customers. Headquartered in
Jacksonville, Florida, FIS is a member of the Fortune 500® and the
Standard & Poor’s 500® Index. To learn more, visit
www.FISglobal.com. Follow FIS on Facebook, LinkedIn and Twitter
(@FISglobal).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230707664758/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
Fidelity National Inform... (NYSE:FIS)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Fidelity National Inform... (NYSE:FIS)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024