FIS expands real-time P2P payment offering with Zelle

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FIS has announced the expansion of its real-time P2P payments suite with plans to offer Early Warning’s Zelle P2P service to extend its comprehensive faster-payments solutions.

 P2P payment
FIS expands real-time P2P payment offering with Zelle

The partnership with Early Warning will enable FIS financial institutions to join the Zelle Network quickly and with minimal effort.

The fully outsourced solution will enable each institution to utilize robust capabilities provided within the secure FIS infrastructure, including mobile and online consumer experiences, alerts and notifications, faster account integration, as well as capabilities for product support, regulatory compliance, risk management and anti-money laundering.

“Offering Zelle aligns with our global initiatives in real-time payments frameworks and extends our portfolio of solutions that help financial institutions fulfill the growing customer demand for instant money movement,” said Scott Coffing, division executive, Corporate and Digital, FIS.

“Access to Early Warning’s Zelle solution through FIS will help banks and credit unions remain the secure, trusted provider to – and central transaction point for – their customers.”

Zelle will be offered as a key part of the growing set of FIS real-time payment capabilities and solutions, which include External Transfers, Digital eGifting, and Bill Payment, all enabled through FIS PayNet and the FIS Open Payment Framework (OPF).

These solutions empower financial institutions to meet the expectations of an on-demand world. At launch, Zelle will be one of the largest faster payments networks in the U.S., accessible to over 76 million mobile banking users nationwide.