FIS On the Ready to Support Federal Reserve’s New Instant Payment Service
- FIS is among the first in the fintech industry to complete testing and certification for the FedNow Service®.
- By completing the certification, FIS can help its financial institution clients tap into 24x7x365 instant payments through the FedNow Service.
By completing the certification, FIS is fully ready to help its client financial institutions tap into the FedNow Service, ultimately enabling them to provide customers with 24x7x365 instant payments, improve their competitiveness, and build new products.
“We are excited that early adopters of all sizes across the country are making strides in their operational readiness for live transactions through the system,” said
To achieve certification, FIS completed a comprehensive testing curriculum, including fulfilling a checklist of requirements to confirm ability to transmit and process ISO® 20022 messages, and attested that they are prepared to meet the requirements to successfully operate in a 24x7x365 instant payments environment.
“As digital payments accelerate across the industry, there has been a great need for a solution like the FedNow Service and it is why we have made it a priority to be a part of its early adoption at FIS,” said
For more information on the FedNow Service and the parameters of the “Credit Transfer - Receive only” certification, please visit https://explore.fednow.org.
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in
Senior Vice President