fis digital payments vision - fis globalempower1.fisglobal.com/rs/650-kge-239/images/1207 fis...
TRANSCRIPT
FIS Digital Payments Vision
May 23, 2017
Norm Marraccini, VP, Director of Digital Payment Product
Strategy & Marketing
Arun Ahuja, SVP & GM
Agenda
• FIS Faster Payments Experience
• Why Real-Time Payments?
• Payments Use Case
• Digital Payments Vision
• FIS Digital Payment Suite, Real-Time
Capabilities and Roadmap
– Consumer and small business bill pay
– P2P payments
– A2A transfers
– Zelle real-time
2
FIS Digital Payments: Driving Digital Innovation
FIS has been a global Leader in Faster Payments longer than any other organization:
2006 2007 2013 2014 2015 2016 2017
FIS provides the
underlying technology to
UK Faster Payments—the
largest Faster Payments
system to-date;
Clear2Pay OPF Software
has supported all real-
time networks including
G3-Singapore, Faster-UK,
Japan–Zenga, and now
working on Australia's-IPP
and US-The Clearing
House.
FIS provides the
underlying
technology to ITMX
Ltd. who runs Faster
Payments services
for Thai banks.
FIS launches the first
U.S. based real-time,
non-card bank
network PayNet;
FIS’s NYCE
customers can
accept a real-time,
non-card transaction.
FIS partners with the
CO-OP to enable the
Credit Union for
Faster Payments.
FIS partners with
The Clearing House
Banks to enable
their customers.
FIS partners with
Zelle to provide
real-time P2P
money movement.
FIS Same Day
ACH is piloted in
Bill Pay.
FIS is 1 of 18 organizations selected by the Fed to be part of their Faster Payments steering committee.
FIS has over 800 FIS clients in the U.S. performing real-time transactions into their core accounts and generating
incremental revenue. With over 15K P2P transactions and a total of 200,000+ monthly as of January 2017.
3
Why Real-Time Payments?
• Consumer expectations are driving real-time
• Real-time benefits for both senders and receivers
• Consumers are looking for easy, fast ways to move
money and financial institutions have an advantage
– Alternatives outside of financial institution are simple, but not fast
• FIS Digital Payments enables you to:
– Compete with alternatives
– Leverage growing capabilities and networks to meet velocity
expectations
– Focused on security and compliance
– Monetize, directly and indirectly
4
Capitalizing on the Latest Advances in Real-Time Payments
5
Real-Time Payment Use Cases
Business Payee Consumer Payee
Business-to-Business (B2B)
• Purchase Order
• Invoice
• Remittance
• Trade Finance
• High value
• Low volume
Business-to-Consumer (B2C)
• Payroll
• Benefits
• Refunds
• Rewards and Rebates
• High volume
• Low value
Consumer-to-Business (C2B)
• Bill Payment
• eCommerce
• High volume
• Low value
Consumer-to-Consumer (C2C)
• Person-to-person (P2P)
• Account-to-account (A2A)
• High volume
• Low value
6
Forecast of Payment Convergence to U.S. Faster Payments
Where will faster
payments come from?
30+ billion txn/year
ACH
Cash
Cards
Checks
Wires
1 - 2 %
11%
5 - 6%
7%
27%Sources: and
7
Our ExpertiseEffortless money movement experiences
Frictionless Experience
FIS Digital Payments delivers
money movement to create a
frictionless experience when
paying bills, people, or
transferring money.
Every Product
Fusion is the birth of a single-thread
UX that drives all interactions with a
few clicks or swipes. When moving
money, Fusion is the framework for
an effortless consumer experience.
Real-Time
To complete the optimal digital
experience, FIS Digital Payments
fuels consumers with real-time
money movement for all payment
types.
Simplified, real-time money movement is the ultimate service goal.
8
Fusion Experience
People Pay
Bill Pay
Transfers
9
Same-day payments
Bill Pay
• Same-day ACH opportunities for Expedited Payments
– In pilot, targeting June for general availability
– Available to billers who receive qualifying ACH CIE payments
– Extends window and billers available for Expedited Payment
• Real-time debiting of Expedited Payment
– Available for FIS core clients
– Roadmap: PayNet clients
10
• Real-time response to alert schedules payment
coming due
– Reminder
– eBill
• Consumer does not need to login
• Pilot target June 2017
Actionable alerts
Bill Pay
11
• Convenience
– Allows users to send eGift Cards INSTANTLY
– User enters amount and sends eGift Card to a
person’s email or mobile number
– Recipient can claim gift online or on the mobile device
– Transaction processes on People Pay platform
• Revenue opportunity
– Client receives rebate of up to 5% of the face value of
each eGift Card which are issued for merchants that
offer a rebate
• Differentiated competitive feature
– eGift Cards helps differentiate People Pay from your
competitor’s’ P2P product offering
– Approximately 200 name brand eGift Cards available
12
Real-time digital gifting
People Pay
12
Real-time transactions with claim to debit card
People Pay
• Another real-time tool for People Pay
payment recipients
• Supports NYCE, MasterCard and Visa
debit cards
13
Real-time capable
External Transfers
• Product for direct Digital Payments
clients and CeB/non-IBS core
• Real-time for internal account
transaction
– FIS core integration or PayNet
• Real-time for external account
transaction
– PayNet
• Optional convenience fee for
real-time
14
Real-time account validation
External Transfers
• Newly available option, replacing
need to verify access with two-
deposits
• Approximately 85% of US bank
accounts covered, from 2,800+
financial institutions
• Validates access credentials,
challenge questions, account
number and last name on account
• Consumer can instantly add, verify
external account and schedule
transfers
15
Real-time P2P payments
Introducing Zelle
What is Zelle?
• National directory
• Real-time services
• Consumer brand
Why Zelle?
• FI-centric
• Ubiquitous
• Embraced and marketed by largest FIs
16
FIS Partnership
Commitment to empowering
safe, ubiquitous and faster paymentsFIS Real -Time
Payments Offer ings
Zel le
Integrated P2P
FIS People Pay P2P
FIS Open Payment
Framework (OPF)
FIS PayNet
Global Payments
Bi l l Pay v ia
The Clear ing House
Future proof
Your infrastructure, optimizing your investments
Build customer loyalty
Offering secure, real-time capabilities
Extend industr y leadership
Leveraging the FIS payments ecosystem
Gain competit ive advantage
Through data insights
Innovate faster
With deep payments integration
17
What’s next
Join us at the following sessions
Session 1208 || Thursday || 8:30 AM
FIS’ Partnership with Zelle for P2P Payments
Session 1206 || Thursday || 9:45 AM
Real-Time Payments: Emerging Technology & Trends
Visit our Digital Payments booth to discuss
• Real-Time Payments
• Bill Pay
• People Pay
• Zelle
• Transfers
Engaging with FIS Digital Payments at InfoShare
Questions / Discussion
Norm Marraccini: [email protected]
Arun Ahuja: [email protected]