FIS Partners with Affirm to Bring Integrated Pay-Over-Time Capabilities Directly to Debit Issuing Banking Clients and Their Cardholders
FIS (NYSE: FIS) has announced a strategic partnership with Affirm (NASDAQ: AFRM) to provide integrated pay-over-time capabilities to FIS debit issuing banking clients. Upon launch, FIS debit processing banks can integrate Affirm's solution into their digital banking and mobile app platforms, offering their customers flexible payment options including BNPL and monthly payment plans.
The program will allow eligible customers to access biweekly and monthly payment plans through existing debit card products, with potential access to merchant-funded financing offers including 0% APRs from Affirm's network of over 335,000 merchants. Affirm will handle underwriting and servicing responsibilities, while banks can offer these services directly through their banking channels.
This partnership aims to help banks meet growing consumer demand for payment flexibility while increasing customer engagement and accelerating growth. The collaboration enables financial institutions to provide pay-over-time solutions to millions of U.S. debit card holders.
FIS (NYSE: FIS) ha annunciato una partnership strategica con Affirm (NASDAQ: AFRM) per fornire funzionalità integrate di pagamento rateale ai clienti bancari emittenti di debito FIS. Al momento del lancio, le banche che elaborano transazioni con carte di debito FIS possono integrare la soluzione di Affirm nelle loro piattaforme bancarie digitali e nelle app mobili, offrendo ai propri clienti opzioni di pagamento flessibili, tra cui BNPL (Buy Now, Pay Later) e piani di pagamento mensili.
Il programma permetterà ai clienti idonei di accedere a piani di pagamento bisettimanali e mensili tramite i prodotti di carte di debito esistenti, con la possibilità di accedere a offerte di finanziamento sponsorizzate dai commercianti, inclusi tassi APR dello 0% dalla rete di oltre 335.000 commercianti di Affirm. Affirm si occuperà delle responsabilità di underwriting e servicing, mentre le banche potranno offrire questi servizi direttamente attraverso i propri canali bancari.
Questa partnership mira ad aiutare le banche a soddisfare la crescente domanda dei consumatori per la flessibilità nei pagamenti, aumentando l'engagement dei clienti e accelerando la crescita. La collaborazione consente agli istituti finanziari di fornire soluzioni di pagamento rateale a milioni di titolari di carte di debito statunitensi.
FIS (NYSE: FIS) ha anunciado una asociación estratégica con Affirm (NASDAQ: AFRM) para ofrecer capacidades de pago a plazos integradas a los clientes bancarios emisores de débito de FIS. Al momento del lanzamiento, los bancos que procesan transacciones con tarjetas de débito de FIS podrán integrar la solución de Affirm en sus plataformas bancarias digitales y aplicaciones móviles, ofreciendo a sus clientes opciones de pago flexibles que incluyen BNPL (Comprar Ahora, Pagar Después) y planes de pago mensual.
El programa permitirá a los clientes elegibles acceder a planes de pago quincenales y mensuales a través de productos de tarjeta de débito existentes, con la posibilidad de acceder a ofertas de financiamiento patrocinadas por comerciantes, incluidos APR del 0% de la red de más de 335,000 comerciantes de Affirm. Affirm se encargará de las responsabilidades de suscripción y servicio, mientras que los bancos podrán ofrecer estos servicios directamente a través de sus canales bancarios.
Esta asociación tiene como objetivo ayudar a los bancos a satisfacer la creciente demanda de los consumidores por flexibilidad en los pagos, aumentando el compromiso del cliente y acelerando el crecimiento. La colaboración permite a las instituciones financieras ofrecer soluciones de pago a plazos a millones de titulares de tarjetas de débito en EE. UU.
FIS (NYSE: FIS)는 Affirm (NASDAQ: AFRM)과 전략적 파트너십을 발표하여 FIS 직불 카드 발급 은행 고객에게 통합된 분할 지급 기능을 제공합니다. 출시 시 FIS 직불 카드 처리 은행은 Affirm의 솔루션을 디지털 뱅킹 및 모바일 앱 플랫폼에 통합하여 고객에게 BNPL(지금 사기, 나중에 지불) 및 월별 지불 계획을 포함한 유연한 지불 옵션을 제공할 수 있습니다.
이 프로그램은 적격 고객이 기존 직불 카드 제품을 통해 2주 및 월별 지불 계획에 접근할 수 있도록 하며, Affirm의 335,000개 이상의 상인 네트워크에서 0% APR을 포함한 상인 자금 지원 금융 제안에 접근할 수 있는 잠재성을 제공합니다. Affirm은 언더라이팅 및 서비스 책임을 처리하며 은행은 이러한 서비스를 직접 은행 채널을 통해 제공할 수 있습니다.
이 파트너십은 은행이 소비자의 지불 유연성 요구를 충족하고 고객 참여를 증가시키며 성장을 가속화하는 데 도움을 줄 것을 목표로 합니다. 이 협업을 통해 금융 기관은 수백만 명의 미국 직불 카드 소지자에게 분할 지급 솔루션을 제공할 수 있습니다.
FIS (NYSE: FIS) a annoncé un partenariat stratégique avec Affirm (NASDAQ: AFRM) pour fournir des capacités de paiement différé intégrées aux clients bancaires émetteurs de cartes de débit FIS. Lors du lancement, les banques de traitement des cartes de débit FIS pourront intégrer la solution d'Affirm dans leurs plateformes bancaires numériques et leurs applications mobiles, offrant à leurs clients des options de paiement flexibles, y compris BNPL (Achetez maintenant, payez plus tard) et des plans de paiement mensuels.
Le programme permettra aux clients éligibles d'accéder à des plans de paiement bihebdomadaires et mensuels via des produits de carte de débit existants, avec un accès potentiel à des offres de financement financées par des commerçants, y compris des TAEG à 0 % du réseau de plus de 335 000 commerçants d'Affirm. Affirm se chargera des responsabilités de souscription et de service, tandis que les banques pourront offrir ces services directement via leurs canaux bancaires.
Ce partenariat vise à aider les banques à répondre à la demande croissante des consommateurs pour une flexibilité de paiement, tout en augmentant l'engagement des clients et en accélérant la croissance. La collaboration permet aux institutions financières d'offrir des solutions de paiement différé à des millions de titulaires de cartes de débit aux États-Unis.
FIS (NYSE: FIS) hat eine strategische Partnerschaft mit Affirm (NASDAQ: AFRM) angekündigt, um integrierte Zahlungsaufschubmöglichkeiten für FIS-Debitkarten emittierende Banken anzubieten. Bei der Markteinführung können FIS-Debitkartenbanken die Lösung von Affirm in ihre digitalen Bank- und mobile App-Plattformen integrieren und ihren Kunden flexible Zahlungsmöglichkeiten wie BNPL (Jetzt kaufen, später zahlen) und monatliche Zahlungspläne anbieten.
Das Programm ermöglicht es berechtigten Kunden, über bestehende Debitkartenprodukte auf zweiwöchentliche und monatliche Zahlungspläne zuzugreifen, mit potenziellem Zugang zu von Händlern finanzierten Finanzierungsangeboten, einschließlich 0% APRs aus dem Netzwerk von über 335.000 Händlern von Affirm. Affirm übernimmt die Verantwortung für Underwriting und Servicing, während Banken diese Dienstleistungen direkt über ihre Bankkanäle anbieten können.
Diese Partnerschaft zielt darauf ab, Banken dabei zu unterstützen, der wachsenden Nachfrage der Verbraucher nach Zahlungsflexibilität gerecht zu werden, während gleichzeitig das Kundenengagement erhöht und das Wachstum beschleunigt wird. Die Zusammenarbeit ermöglicht es Finanzinstituten, Millionen von US-Debitkarteninhabern Zahlungsaufschublösungen anzubieten.
- Access to Affirm's network of 335,000+ merchants expands FIS's service offerings
- Integration provides new revenue stream potential through merchant-funded financing
- Partnership enhances customer retention capabilities for FIS banking clients
- Expands FIS's competitive position in the growing BNPL market
- None.
Insights
This strategic partnership marks a pivotal shift in the payments landscape, representing a significant market opportunity for FIS. The integration of Affirm's BNPL capabilities into FIS's vast debit processing network creates a powerful synergy that could reshape consumer financing patterns.
The deal's structure is particularly clever - by leveraging Affirm's existing merchant network of 335,000+ partners and their proprietary underwriting technology, FIS can rapidly deploy a mature BNPL solution without the typical infrastructure investment and risk management challenges. This 'plug-and-play' approach allows for rapid scaling while maintaining robust risk controls.
Key strategic implications include:
- Enhanced competitive positioning against standalone BNPL providers and neobanks
- Potential for increased transaction volumes and fee revenue from merchant-funded financing
- Improved customer retention through integrated financial services
- Reduced customer acquisition costs for Affirm through direct bank channel access
The timing is particularly strategic given the current market dynamics where traditional banks are losing ground to fintech innovators. This partnership effectively democratizes BNPL access while maintaining bank relationships as the primary financial touchpoint. For FIS shareholders, this represents a potential new revenue stream with minimal capital investment, leveraging existing infrastructure while expanding into high-growth payment segments.
The technical architecture of this partnership demonstrates sophisticated integration planning. By embedding Affirm's BNPL functionality directly into existing debit infrastructures, FIS is creating a frictionless implementation pathway that minimizes technical debt while maximizing deployment efficiency.
Critical technical advantages include:
- Real-time underwriting integration within existing authorization flows
- Unified user experience through native mobile app integration
- Streamlined merchant onboarding through Affirm's established network
- Centralized servicing and risk management
This integration model represents a significant advancement in financial services middleware, effectively bridging traditional banking infrastructure with modern fintech capabilities. The solution's architecture allows for rapid scaling while maintaining robust security protocols and regulatory compliance frameworks, important for maintaining trust in the financial ecosystem.
Key Facts
- Upon launch of the program, FIS debit processing bank clients will be able to integrate Affirm’s pay-over-time solution directly into their existing debit card program via their digital banking and mobile app platforms.
- Affirm delivers real-time underwriting technology, a wide-range of flexible payment options – including ‘buy now, pay later’ (BNPL) and monthly payment plans – and no late or hidden fees. It also provides access to a network of over 335,000 merchants.
- FIS' clients can continue to meet the growing demand for payment flexibility, while increasing customer engagement and accelerating growth for their business, by incorporating Affirm's offering into their debit card products.
This collaboration is well-timed, as banks are searching for new and innovative options to meet consumer needs and demands for flexible purchasing solutions. This program offers a substantial opportunity for financial institutions to provide a sought-after pay-over-time solution to the millions of
“Customer conversion and retention have become major priorities for card-issuing banks in our increasingly digitized economy, where consumers have endless options,” said Jim Johnson, co-president, Banking Solutions, FIS. "Consumers today are looking for innovative and user-friendly experiences that give them flexibility and control over their money and optimize how their money is put to work. That’s why so many of them choose to pay with Affirm. This new program will deliver Affirm’s leading-edge technology, flexible and transparent payment options, and extensive merchant network to our banking clients, enabling them to continue meeting these needs and offer more competitive, differentiated services through their own banking channels."
When the program launches, participating FIS debit processing banks will be able to offer their eligible customers biweekly and monthly payment plans through the bank’s existing debit card products. Additionally, these banks will have the potential to unlock merchant-funded financing offers – including
“Millions of consumers prefer using a debit card from their trusted financial institution, and we believe they should have easy access to exceptional credit options through their preferred payment method. That’s why, for the first time, we’re bringing Affirm's proprietary underwriting technology and full suite of pay-over-time solutions to third party issuers in partnership with FIS,” said Wayne Pommen, chief revenue officer of Affirm. “This new program will expand access to Affirm’s wide range of payment options, giving more consumers a responsible way to pay over time. It will also connect them directly to Affirm’s vast and growing merchant network – delivering an even more valuable and differentiated experience.”
By integrating with Affirm, FIS continues its mission of unlocking financial technology across the money lifecycle, with the aim of ensuring that every stage of financial transactions—from savings to payments to investments—is seamless, reliable, and innovative.
Banking clients interested in learning more about this new program can reach out to BNPL.Support@fisglobal.com
FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world’s financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in
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Media Contact
Kim Snider, 904.438.6278
Senior Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
Source: Fidelity National Information Services
FAQ
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