Nacha - The Electronic Payments Association, announced today that Fidelity National Information Services (FIS) will offer Nacha's Secure Vault Payments solution to its clients.
Headquartered in Jacksonville, Fla., FIS is a Fortune 500 company, with a strong global presence, serving more than 9,000 financial institutions in more than 80 countries. The company has been named the number-one overall financial technology provider in the world by American Banker and Financial Insights in the FinTech 100.
NACHA's Secure Vault Payments, which utilizes eWise Systems Payment Switching technology, enables consumers to initiate private and secure payments for purchases and bill payments through FIS' e-payments platform. Participating financial institutions can authenticate consumers and provide real-time payment authorization and confirmation of an Automated Clearing House (ACH) credit to the participating business. Secure Vault Payments offers financial institutions an opportunity to generate revenue from the processing of third-party e-commerce transactions, keeping the financial institution at the center of its clients' payments marketplace.
FIS will offer Secure Vault Payments to current clients as well as financial institutions without an existing relationship with FIS.
"For 40 years, FIS has provided state-of-the-art e-commerce solutions to financial institutions and their clients," said Anthony Jabbour, executive vice president for FIS Core Processing and eBanking. "We are delighted to once again bring best-in-class payments options by partnering with NACHA to offer Secure Vault Payments."
"Having FIS offer Secure Vault Payments provides consumers with an even wider opportunity to involve an entity that they already trust-their financial institutions," said Elliott McEntee, chief executive officer of NACHA. "FIS is a thought and service leader in the payments industry, and we are excited about this partnership."