FIS (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.
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