FIS and Visa target regional and community banks
FIS® (NYSE: FIS), a global leader in financial technology, announced the expansion of its partnership with Visa, a world leader in digital payments, to arm financial institutions of all sizes with turnkey access to new payments capabilities.
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Regional and community banks that join FIS' technology ecosystem will gain access to new payments products and services that can help grow revenues, retain customers and reduce fraud losses.
By expanding its already strong strategic relationship with Visa, FIS is lowering the barriers to entry for capabilities that can help small and midsize institutions grow and better compete with the payment offerings provided by larger issuers.
The new capabilities that amplify money in motion include:
Stop payment services: Enables cardholders and call centers to halt recurring payments to merchants, empowering cardholders to better own their spending and helping reduce call center burden for issuers that may have limited infrastructure.
Digital campaign manager: Enables financial institutions to employ new marketing channels – like augmented reality events and other digital experiences – in customizable campaigns to supercharge customer acquisition, engagement and brand awareness.
Wallet link: Pushes an issuer's branded digital card to the customer's digital wallet without the need for manual app download, helping issuers to stay top-of-wallet and limit lost revenue, while simultaneously making it easier to innovate the customer's payment experience with less friction.
E-commerce fraud mitigation: Offers an integrated solution designed to give issuers increased e-commerce transaction approval rates and help eliminate the financial liability of chargebacks due to fraudulent purchases.
'According to Experian, the average American holds nearly four credit cards, highlighting the need for issuers to have efficient systems to stay competitive,' said Chris Como, head of Cards and Money Movement at FIS. 'However, without the requisite infrastructure and resources, smaller financial institutions can struggle to meet this need. By integrating Visa's advanced solutions into the FIS ecosystem, we are helping to level the technological playing field for those providers, illustrating our commitment to unlocking financial technology to the world.'
The announcement comes on the heels of other strategic industry partnerships from FIS, illustrating how the company utilizes such agreements to keep innovating across the entire money lifecycle. Recent examples include joint ventures with Oracle, Fulham Football Club, and PwC. In 2025, FIS also made Affirm its integrated pay-over-time provider for debit issuers, enabling its banking clients to integrate the solution into their existing debit programs and give their end-customers the ability to easily manage their finances in a single place.
'Our collaboration with FIS is making it easier for financial institutions of all sizes to compete more effectively by offering solutions that drive growth and enhance customer retention,' said Kathleen Pierce-Gilmore, senior vice president and global head of Visa Issuing Solutions. 'We partner to provide banks with more accessible tools from fraud prevention to cutting-edge digital experiences for their customers.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

ITV News
3 hours ago
- ITV News
'Very wealthy group of people' poised to buy TikTok, Trump says
US President Donald Trump has said a "very wealthy group of people" have agreed to buy social media app TikTok from its Chinese owners. Hinting at a deal which could safeguard the future of the app, Trump said specific details on the buyer will be revealed in two weeks and offered little further detail. He said: 'We have a buyer for TikTok, by the way. I think I'll need, probably, China approval, and I think President Xi will probably do it.' Earlier in June, Trump signed an executive order to keep TikTok running in the US for a further 90 days, while his administration worked to make a deal to bring the app under American ownership. It marked the third deadline extension, and came after the Supreme Court upheld a law banning TikTok in January - causing the platform to breifly go dark. TikTok is owned by Bytedance, and boasts around 170 million users in the US. The Supreme Court said the ban was necessary to deal with the "well-supported national security concerns regarding TikTok's data collection practices and relationship with a foreign adversary'. The US is concerned vast swathes of user data, including sensitive information on viewing habits could be obtained by the Chinese government. Officials have also warned the algorithm that fuels what users see on the app is vulnerable to manipulation by Chinese authorities, who can use it to shape content on the platform in a way that's difficult to detect. TikTok, which sued the government last year over the law, has long denied it could be used as a tool of Beijing.


Scottish Sun
6 hours ago
- Scottish Sun
Trump says he has group of ‘very wealthy people' lined up to buy TikTok after pushing back ban of social media app
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) DONALD Trump said he has a group of "very wealthy people" lined up to buy TikTok. The President has repeatedly delayed a ban blocking the app to allow more time for negotiations with the Chinese owners - who have consistently refused to sell. 4 Donald Trump said he has potential buyers of TikTok waiting in the wings Credit: AFP 4 TikTok was temporarily disabled on US devices in January Credit: Getty 4 TikTok CEO Shou Zi Chew has argued the sale to American owners is not necessary Credit: AFP Trump has fought to force TikTok's owners to sell to an American party since his first term. A bill signed last year makes it illegal to operate under the current Chinese owners, but the ban has been delayed three times and the company has always refused to sell. However, on Sunday, Trump told Fox News a "group of very wealthy people" wanted to purchase the app from ByteDance. He said: 'I think I will need China['s] approval, and I think President Xi will probably do it." Without revealing any details, he added: 'I'll tell you in about two weeks.' The closest to Trump has come to barring American users from TikTok was at the time of his inauguration in January this year. A ban took effect on January 19, and TikTok shut itself down an hour before that, telling users "you can't use TikTok for now" due to a "law banning TikTok". But around 12 hours later it came back online after conversations between the US and China behind the scenes - and was available for download again three weeks later. Since then, Trump has delayed the ban three times - twice for 75 days and most recently by 90 days on June 17. The eventual ban or sale is required by a "foreign adversary" bill signed in March 2024. ByteDance challenged the Act, but it was upheld by the Supreme Court in January. Trump rips critics & insists 'bombs went through like butter' at Iran sites It's not clear how much TikTok would sell for, with valuations ranging from $30billion to $300billion. Rumoured new American owners have included major tech companies like Microsoft and Oracle. The wildly popular YouTuber Mr Beast, real name Jimmy Donaldson, said in January he would submit an official offer for TikTok through and investment group led by Jesse Tinsley. Steve Mnuchin, Trump's treasury secretary during his first term in office, also floated the idea of purchasing the app with a group of billionaire investors when the ban was first passed. Amazon reportedly made a last-minute bid to purchase TikTok three days before the second recent extension in April. The bill banning continued Chinese ownership of TikTok cites concerns about national security risks. ByteDance was initially given nine months to sell-up - and that expired in January. However, the company has repeatedly insisted it will not give-up the app. It said in April: "ByteDance doesn't have any plans to sell TikTok." Reports circulated that it was considering a sale of the app without the key algorithm, but these were denied. The owners insisted: "Foreign media reports of ByteDance selling TikTok are not true."


Daily Mirror
9 hours ago
- Daily Mirror
Chelsea hold new stadium talks with Mayor of London as club considers switch
Chelsea have a potential site in mind if they end up leaving Stamford Bridge, and the Mayor of London has urged the club to hold conversations over what comes next Chelsea have opened talks with Mayor of London Sadiq Khan as they continue to make plans for a potential stadium move. There has been speculation over a move away from Stamford Bridge in the past, to no avail, but new plans have begun to tentatively take hold. Former owner Roman Abramovich looked at a number of potential locations before his own departure in 2022. Plans for a move haven't changed under Todd Boehly's ownership, with the American recognising the capacity limitations of the Blues' current home. According to The Telegraph, Chelsea held meetings with officials following an invitation from the mayor himself. The club are exploring a site on Earl's Court in West London, though a spokesperson for Khan indicated no formal plans were known to the elected official. 'The mayor is unaware of any recent formal proposals from the club for the Earl's Court site," they said. "The mayor and TfL can only form a view once they have seen the details of any potential proposals.' Back in May, shareholder Hansjorg Wyss indicated the Earl's Court site would likely suit the club best. "Earl's Court would be the best option we can even think of. If it's going to happen," he told Chelsea Fan TV. Chelsea's current home has a capacity of just over 40,000 - making it significantly smaller than the grounds of some of their Premier League rivals. In sending out an invitation for contact, Mayor Khan cited the size of the ground in relation to the club's objectives. "My message to Chelsea is come and speak to us in relation to what you want to do," he told The Times in April. "Chelsea are the victims of their success, and Stamford Bridge is now too small for them. After all, this is a team that has twice won the Champions League. "We work closely with all seven of our Premier League clubs but I'm sure Chelsea look with some envy at the stadiums some of their rivals in London have. We're really keen to make sure that Chelsea, as we are with all our clubs, continue to flourish and thrive, so we're open to talking to Chelsea about what plans they have. At the moment they've not approached us. But we're here.' Back in March, Boehly suggested divisions over the club's future stadium plans could even see members of the ownership group go their separate ways. 'We have to think long term about what we're trying to accomplish,' the American told Bloomberg. 'We have a big stadium development opportunity that we have to flesh out. And that's going to be where we're either aligned or we ultimately decide to go different ways.' Join our new WhatsApp community and receive your daily dose of Mirror Football content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.