FIS Unlocks Second Half of FedNow® Instant Payments Network Potential with New Send Certification
FIS has achieved certification for send capabilities in the Federal Reserve's FedNow® instant payment service, making it one of the first technology providers to enable this functionality. This certification completes FIS's support for the full payments lifecycle in FedNow, offering a comprehensive instant payments experience.
The enhancement allows FIS's financial institution clients to provide their customers with instant payment sending capabilities and real-time alerts, addressing the growing demand for faster digital payment services. According to Federal Reserve Financial Services research, while 74% of consumers used faster or instant payments in 2023, over 70% looked to their financial institutions to provide these services.
This development follows FIS's initial certification after FedNow's launch in July 2023, reinforcing the company's commitment to modernizing payment systems and improving customer experience in time-sensitive transactions like loan payments and rent.
FIS ha ottenuto la certificazione per le capacità di invio nel servizio di pagamento istantaneo della Federal Reserve FedNow®, diventando uno dei primi fornitori di tecnologia a abilitare questa funzionalità. Questa certificazione completa il supporto di FIS per l'intero ciclo di vita dei pagamenti in FedNow, offrendo un'esperienza complessiva di pagamenti istantanei.
Il miglioramento consente ai clienti istituzionali finanziari di FIS di offrire ai propri clienti le capacità di invio di pagamenti istantanei e avvisi in tempo reale, rispondendo alla crescente domanda di servizi di pagamento digitale più rapidi. Secondo una ricerca dei Servizi Finanziari della Federal Reserve, mentre il 74% dei consumatori ha utilizzato pagamenti più rapidi o istantanei nel 2023, oltre il 70% si è rivolto alle proprie istituzioni finanziarie per fornire questi servizi.
Questo sviluppo segue la certificazione iniziale di FIS dopo il lancio di FedNow nel luglio 2023, rafforzando l'impegno dell'azienda a modernizzare i sistemi di pagamento e migliorare l'esperienza del cliente in transazioni che richiedono tempistiche rapide, come i pagamenti di prestiti e affitti.
FIS ha logrado la certificación para capacidades de envío en el servicio de pago instantáneo de la Reserva Federal FedNow®, convirtiéndose en uno de los primeros proveedores de tecnología en habilitar esta funcionalidad. Esta certificación completa el apoyo de FIS para el ciclo completo de pagos en FedNow, ofreciendo una experiencia integral de pagos instantáneos.
La mejora permite a los clientes de instituciones financieras de FIS proporcionar a sus clientes capacidades de envío de pagos instantáneos y alertas en tiempo real, atendiendo la creciente demanda de servicios de pago digital más rápidos. Según una investigación de los Servicios Financieros de la Reserva Federal, mientras el 74% de los consumidores utilizó pagos más rápidos o instantáneos en 2023, más del 70% buscó que sus instituciones financieras ofrecieran estos servicios.
Este desarrollo sigue a la certificación inicial de FIS después del lanzamiento de FedNow en julio de 2023, reforzando el compromiso de la empresa de modernizar los sistemas de pago y mejorar la experiencia del cliente en transacciones que requieren plazos ajustados, como los pagos de préstamos y alquileres.
FIS는 연방준비제도 FedNow®의 즉시 결제 서비스에서 송금 능력에 대한 인증을 획득하여, 이 기능을 활성화한 최초의 기술 제공업체 중 하나가 되었습니다. 이 인증은 FedNow에서 결제의 전체 생애 주기를 지원하는 FIS의 기능을 완성하여 포괄적인 즉시 결제 경험을 제공합니다.
이 개선으로 FIS의 금융 기관 고객은 고객에게 즉시 결제 송금 능력과 실시간 알림을 제공할 수 있게 되어, 더 빠른 디지털 결제 서비스에 대한 수요 증가에 대응하고 있습니다. 연방준비제도 금융 서비스의 조사에 따르면, 2023년에는 74%의 소비자가 더 빠르거나 즉각적인 결제를 이용했으며, 70% 이상이 이러한 서비스를 제공하기 위해 자신의 금융 기관에 요청했습니다.
이 개발은 2023년 7월 FedNow 출범 이후 FIS의 초기 인증에 이어지는 것으로, 시간에 민감한 거래(예: 대출 상환 및 임대료 지불)에서 결제 시스템을 현대화하고 고객 경험을 향상시키려는 회사의 의지를 강화합니다.
FIS a obtenu la certification pour ses capacités d'envoi dans le service de paiement instantané FedNow® de la Réserve fédérale, devenant ainsi l'un des premiers fournisseurs de technologie à activer cette fonctionnalité. Cette certification complète le soutien de FIS pour l'ensemble du cycle de paiement dans FedNow, offrant une expérience globale de paiements instantanés.
Cette amélioration permet aux clients des institutions financières de FIS de proposer à leurs clients des capacités d'envoi de paiements instantanés et des alertes en temps réel, répondant ainsi à la demande croissante de services de paiement numérique plus rapides. Selon une étude des Services financiers de la Réserve fédérale, alors que 74 % des consommateurs ont utilisé des paiements plus rapides ou instantanés en 2023, plus de 70 % se sont tournés vers leurs institutions financières pour fournir ces services.
Ce développement fait suite à la certification initiale de FIS après le lancement de FedNow en juillet 2023, renforçant l'engagement de l'entreprise à moderniser les systèmes de paiement et à améliorer l'expérience client lors de transactions sensibles au temps, telles que les paiements de prêts et les loyers.
FIS hat die Zertifizierung für Überweisungskapazitäten im Sofortzahlungsdienst FedNow® der Federal Reserve erreicht und ist damit einer der ersten Technologieanbieter, die diese Funktionalität ermöglichen. Diese Zertifizierung vervollständigt die Unterstützung von FIS für den gesamten Zahlungszyklus in FedNow und bietet ein umfassendes Erlebnis für Sofortzahlungen.
Die Verbesserung ermöglicht es den Finanzinstitutionen von FIS, ihren Kunden Überweisungskapazitäten für Sofortzahlungen und Echtzeit-Benachrichtigungen bereitzustellen und damit der wachsenden Nachfrage nach schnelleren digitalen Zahlungsdiensten gerecht zu werden. Laut einer Studie der Federal Reserve Financial Services nutzten 2023 zwar 74% der Verbraucher schnellere oder sofortige Zahlungen, mehr als 70% suchten jedoch bei ihren Finanzinstituten nach diesen Dienstleistungen.
Diese Entwicklung folgt auf die anfängliche Zertifizierung von FIS nach dem Start von FedNow im Juli 2023 und stärkt das Engagement des Unternehmens, Zahlungssysteme zu modernisieren und die Kundenerfahrung bei zeitkritischen Transaktionen wie Kreditzahlungen und Miete zu verbessern.
- Achieved certification as one of the first providers for FedNow send capabilities
- Expanded service offering to include complete FedNow payment lifecycle support
- Positioned to capitalize on growing demand for instant payment services
- None.
Insights
FIS's achievement of FedNow send certification marks a strategic milestone in the instant payments ecosystem. This certification completes FIS's full-cycle capabilities in the FedNow network, positioning them advantageously against competitors in the
The timing is particularly important as the payments industry undergoes rapid transformation. With
- Enhanced revenue streams through transaction fees and service charges
- Strengthened relationships with financial institution clients by providing end-to-end payment solutions
- Improved competitive positioning against other fintech providers
- Increased market share in the rapidly growing instant payments sector
The technology investment required for FedNow certification creates a meaningful barrier to entry, giving FIS a first-mover advantage. This positions them to capture a larger share of the instant payments market as adoption accelerates. The completion of both send and receive capabilities demonstrates FIS's technical prowess and commitment to innovation in the payments space.
Long-term, this certification strengthens FIS's strategic position in the evolving payments landscape, particularly as instant payments become the norm rather than the exception. The ability to process both credit transfers and receive payments through FedNow creates a comprehensive solution that could drive significant value for shareholders through increased transaction volumes and enhanced client retention.
Key facts
- FIS is one of the first technology providers certified to enable send capabilities for credit transfers in the Federal Reserve’s FedNow® instant payment service.
- FIS now supports the full payments lifecycle in FedNow, providing consumers and commercial borrowers with a holistic, human-centric instant payments experience.
“As money moves between banks, consumers, businesses and beyond in a complex cycle, credit and debit cards continue to play a leading role in the payment experience,” said Chris Como, Head of Cards and Money Movement at FIS. “However, slow or delayed transfers can harm customer loyalty when they need to pay loans, rent, or time-sensitive bills on any given day. Giving the end user direct access to send payments instantly using FedNow marks a huge milestone in our efforts to enable a harmonious payments experience for our clients and the customers they serve.”
Today’s announcement comes amid increasing demand for digital payments services that accelerate and ease how money is moved within the wider money lifecycle. While
As one of the first in the industry to provide end users the ability to send instant payments, FIS continues to execute its vision to unlock financial technology to bring the world’s money into harmony.
Following the launch of FedNow in July 2023, FIS was quickly named as one of the first certified companies in the fintech industry after completing a comprehensive testing curriculum.
About FIS
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
View source version on businesswire.com: https://www.businesswire.com/news/home/20250204915302/en/
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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