With the FIS mobile P2P service, financial institutions can quickly introduce branded mobile payments to their customers, who can immediately send and receive money from friends and family, anytime, anywhere - safely and securely. The FIS mobile P2P service will initially be offered with checking accounts or prepaid cards linked to the mobile phone, enabling users to send and receive payments. To use the FIS mobile P2P service, consumers simply link their checking account or payment card to their mobile phone.
In addition to adding a revenue opportunity for banks, the FIS mobile P2P service provides exciting opportunities in other payment and financial service sectors. It creates a compelling and relevant new service that helps banks attract and retain customers, including the increasing unbanked segment - estimated to be as high as 80 million by the Smart Card Alliance. Because anyone with a mobile phone can use mobile payments services, the FIS mobile P2P service gives banks the opportunity to provide a valuable service to a very large - and growing - banking segment.
"This alliance with FIS is further evidence of the importance and value of mobile payments to banks and their customers," said Gregory Holmes, president of U.S.-based operations for Obopay. "As our mobile payment service continues to evolve in concert with established financial services firms, we remain committed to delivering solutions that enable banks to drive new revenue and connect with America's more than 260 million mobile consumers."
"We are excited about our alliance with Obopay in providing this valuable banking service to the mobile banking community," said Anthony Jabbour, executive vice president for FIS Core Processing and eBanking. "By meeting the emerging expectations of the growing mobile banking community, the FIS mobile P2P payment solution is yet another testament to the commitment FIS has in providing the most comprehensive array of technology solutions to help financial institutions meet their customers' evolving needs."
About Fidelity National Information Services Fidelity National Information Services, Inc. (NYSE: FIS), a Fortune 500 company, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 13,000 financial institutions in more than 80 countries worldwide.