Fifth Third Bank Selects FIS to Enable Real-Time Payments
December 07 2017 - 08:00AM
Business Wire
Key facts
- Fifth Third Bank chooses FIS as
technology provider to enable real-time payments for its
clients.
- Bank expected to go live with its
real-time payments system in early 2018.
FIS™ (NYSE: FIS), a global leader in financial services and
payment technology, announced today that it has been selected by
Fifth Third Bank to enable real-time payments for its customers
through The Clearing House’s RTP®, a
real-time payments system.
The bank is expected to go live with RTP® in early 2018. The
system will allow consumers and businesses in the United States to
send and receive payments instantly.
“RTP® promises to fundamentally transform the payments landscape
in the United States,” said Anthony Jabbour, chief operating
officer, FIS. “We are excited to be working with TCH and our
banking clients to realize the benefits of this breakthrough new
system.”
In early 2017, FIS launched its Real-Time Payments Incubator
service, aimed at helping U.S. financial institutions accelerate
the path to real-time payments by lowering their cost of entry for
connecting to The Clearing House (TCH) RTP®.
“As a global leader in payments technology, FIS has been a key
partner of ours to realize the vision of ubiquitous real-time
payments in the United States,” said Russ Waterhouse, executive
vice president, Product Development and Strategy at The Clearing
House. “We’re excited to see Fifth Third adopting RTP® and we look
forward to FIS’ help in bringing the benefits of this technology to
many additional institutions.”
FIS is working with a range of global financial institutions –
including ASL, Credit Suisse and Nordea – to modernize their
payments environments, expand their real-time capabilities, and
update real-time fraud and reporting systems. FIS recently released
its fourth annual Flavors of Fast report, which identifies and
tracks active real-time payments programs around the world.
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, 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 53,000 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).
Forward-Looking Statements
This press release may contain statements, estimates or
projections that constitute “forward-looking statements” pursuant
to the safe harbor provisions of the U.S. federal securities laws.
Generally, the words “believe,” “expect,” “intend,” “estimate,”
“anticipate,” “project,” “will” and similar expressions identify
forward-looking statements, which generally are not historical in
nature. Forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from FIS’ historical experience and our present expectations or
projections. These risks include, but are not limited to, changes
in general economic, business and political conditions,
developmental and conversion delays or disruptions inherent with
new software products, technology and outsourcing solutions, and
risks of reduction in revenue from the elimination of existing and
potential customers due to consolidation in or new laws or
regulations affecting the banking, retail and financial services
industries, changes in the growth rates of the markets for our
solutions, and other risks detailed in our filings with the
Securities and Exchange Commission (SEC), including the “Risk
Factors” section of our Annual Report on Form 10-K for the year
ended December 31, 2016, and subsequent SEC filings. You should not
place undue reliance on forward-looking statements, which speak
only as of the date they are made. FIS undertakes no obligation to
publicly update or revise any forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20171207005157/en/
For More InformationKim Snider, 904.438.6278Senior Vice
PresidentFIS Global Marketing and
Communicationskim.snider@fisglobal.com
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