Drive Traffic, Speed Mobile Payments with FIS BuyWay
October 18 2016 - 4:00PM
Business Wire
Key facts
- FIS launches BuyWayTM, a mobile payments platform that unifies
merchants, service providers and consumers.
- BuyWay integrates with new and existing mobile applications to
unite their capabilities and provide an option to pay via a mobile
device.
- BuyWay combines simplified mobile payments and real-time
loyalty rewards to drive sales and process transactions quickly and
securely.
- FIS will collaborate with Chase to help implement Chase Pay®
with petroleum merchants.
What if consumers could find a gas station, pull up and
pre-authorize the fuel pump they choose, get instant rewards such
as cents off per gallon or other on-site incentives, then pay
directly from their smartphone or other device connection? The
result would be a faster, safer, more convenient transaction that
meets the needs of mobile consumers, while also providing merchants
and service providers an easy way to deliver more value with their
applications and implement a cost-effective mobile strategy.
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FIS BuyWay integrates with new and
existing mobile applications to unite their capabilities and
provide an option to pay via a mobile device. (Photo: Business
Wire)
FIS™ (NYSE: FIS), a global leader in financial services
technology, is making that a reality with the launch of BuyWayTM, a
mobile payments platform that unites all points of contact within a
transaction to deliver seamless, secure, personalized shopping
experiences at thousands of gas stations and convenience stores
across the nation. Future installations will extend mobile payments
to multiple market segments, including parking garages, restaurants
and unattended kiosks.
“Digitally empowered consumers are demanding the future of
payments today,” said Bruce Lowthers, EVP, FIS Global Retail
Payments. “FIS BuyWay offers personalized, hassle-free shopping
experiences that position merchants and service providers on the
leading edge of payments, motivating and incentivizing consumers to
return over and over.”
BuyWay acts as a single point of integration, engaging secure,
cloud-based technology that connects apps on a consumer’s digital
device or car to a merchant’s point-of-sale (POS) system –
eliminating the need for retailers to purchase new hardware. It
adds payment functionality to merchant apps, speeds up purchases by
eliminating physical contact with the POS and increases security
because no card data is passed through the POS. As a single point
of integration, it also simplifies deployment and opens new sales
opportunities. Importantly, it can be integrated into loyalty
rewards programs, allowing instant rewards that drive customer
loyalty and complete the customer purchase journey.
BuyWay will also help petroleum merchants accept Chase Pay, a
digital payments solution that will provide a convenient, rewarding
and secure way to pay in stores using a mobile phone, and on
merchant websites, apps and at the pump.
“We are pleased to work with FIS to incorporate Chase Pay into
solutions that help petroleum merchants accept mobile payments
easily at the pump and in their stores,” said Tom Nipper, executive
director of Global Enterprise Solutions for Chase Commerce
Solutions.
For more details on FIS BuyWay, visit
www.fisglobal.com/buyway.
About FIS
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.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter
(@FISGlobal).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161018006682/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.com
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