FIS and The Clearing House Speed the Way to Real-Time Payments with New Incubator Service
April 25 2017 - 08:30AM
Business Wire
Key facts
- First of its kind in the United States, hosted real-time
payments service enables financial institutions to begin their
journey to real-time payments without heavy investment upfront
- Initiative with The Clearing House continues FIS leadership in
faster payments
- Service will be jointly presented at NACHA’s PAYMENTS 2017
conference
FIS™ (NYSE:FIS), a global leader in financial services
technology, and The Clearing House Payments Company L.L.C. (TCH)
announced today the launch of a hosted Real-Time Payments Incubator
service for early-adopter financial institutions in the United
States.
The service – the first of its kind in the country – is designed
to accelerate the path to real-time payments for U.S. financial
institutions by lowering their cost of entry for connecting to the
TCH Real-Time Payments (RTP) platform.
The service uses FIS Open Payment Framework technology,
operating via the TCH Real-Time Payments platform, to clear and
settle payments in real-time. Offered as a hosted service, the
solution allows financial institutions to begin application and
testing of real-time payments in a secure, verified environment
without need for heavy, upfront investment.
“We hear regularly from our clients that they want to get to
real-time payments as quickly as possible, but without all of the
upfront costs and complexity,” said Anthony Jabbour, chief
operating officer, Banking & Payments, FIS. “This breakthrough
incubator service from FIS takes the hassle out of connecting to
The Clearing House Real-Time Payments platform, enabling financial
institutions to get to the future faster and begin realizing the
benefits of real-time payments.”
“For real-time payments to truly take off, banks of all sizes
need to have easy, affordable access,” said Russ Waterhouse,
executive vice president, Product Development and Strategy, The
Clearing House. “Combining the power of The Clearing House’s
Real-Time Payments platform with FIS’ leading edge technology and
services, we are transforming the payments landscape in the U.S.
and around the world.”
The Real-Time Payments Incubator service offers centralized
processing of real-time payments along with robust administration,
standard interfaces to bank applications, automated service level
support, and continuous management of new releases and
functionality. Clients can expand their use of real-time payments
within the service, or seamlessly move their applications to an
on-premises environment.
The new service will be jointly presented at FIS’ booth, No.
1219, at PAYMENTS 2017, NACHA’s payments solutions conference this
week in Austin, Texas.
The real-time payments initiative with The Clearing House
continues FIS’ global leadership in advanced payments solutions.
FIS already has production real-time payments environments in
Singapore, the UK, Australia and Chile, and has projects underway
in Asia and Europe.
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).
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version on businesswire.com: http://www.businesswire.com/news/home/20170425005569/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.com
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