The Electronic Payments Association, announced that Fidelity National Information Services (FIS) will offer Nacha’s Secure Vault Payments service to its clients.
Headquartered in Jacksonville, Fla., FIS is a Fortune 500 company, with a strong global presence, serving more than 9,000 financial institutions in more than 80 countries.
NACHA’s Secure Vault Payments, which utilises eWise Systems Payment Switching technology, enables consumers to initiate private and secure payments for purchases and bill payments through FIS’ e-payments platform. Participating financial institutions can authenticate consumers and provide real-time payment authorisation and confirmation of an Automated Clearing House (ACH) credit to the participating business. Secure Vault Payments offers financial institutions an opportunity to generate revenue from the processing of third-party e-commerce transactions, keeping the financial institution at the center of its clients’ payments marketplace.
FIS will offer Secure Vault Payments to current clients as well as financial institutions without an existing relationship with FIS.
“For 40 years, FIS has provided state-of-the-art e-commerce solutions to financial institutions and their clients. We are delighted to once again bring best-in-class payments options by partnering with NACHA to offer Secure Vault Payments,” says Anthony Jabbour, executive vice president, FIS Core Processing and eBanking.
“Having FIS offer Secure Vault Payments provides consumers with an even wider opportunity to involve an entity that they already trust-their financial institutions. FIS is a thought and service leader in the payments industry, and we are excited about this partnership,” says Elliott McEntee, CEO, NACHA.