With FIS Expedited Payments, financial institutions can present mortgage, auto and installment loan statements for electronic payment. Consumers may make payments with debit cards, credit cards and electronic checks, via their Web site or IVR or using call-center assistance. All payments submitted are processed in real time.
Financial institutions also may resell this offering to commercial clients as part of their lockbox and commercial cash management services. These commercial clients then can present clients' invoices and accept electronic payments, with the option to charge a fee. These payments can be made via their company Web site.
"Our Web-based billing and expedited payment solution provides merchants and financial institutions with a quick, easy option for receiving payments while also protecting customer information," said Anthony Jabbour, executive vice president for FIS Core Processing and E-banking. "The prompt payments generated by this system will, in turn, improve the vendor's revenue cycle and will provide financial institutions with a revenue-generating service offering. Additionally, when Expedited Payments is packaged with other FIS solutions, the result is a powerful value that brings increased revenue and client loyalty."
A self-service administrative platform makes it easy for clients to administer the system without increased support cost, and FIS offers the highest security to protect sensitive payment information.