FIS Digital Payments Vision

Transcription

1 FIS Digital Payments Vision Norm Marraccini, VP, Director of Digital Payment Product Strategy & Marketing Arun Ahuja, SVP & GM April 11, 2017

2 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

3 FIS Digital Payments: Driving Digital Innovation FIS has been a global Leader in Faster Payments longer than any other organization: FIS provides the underlying technology to UK Faster Payments the largest Faster Payments system to-date; Clear2Pay OPF Software has supported all realtime 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

4 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

5 Capitalizing on the Latest Advances in Real-Time Payments 5

6 Real-Time Payment Use Cases Business Payee Business-to-Business (B2B) Purchase Order Invoice Remittance Trade Finance High value Low volume Consumer-to-Business (C2B) Bill Payment ecommerce High volume Low value Consumer Payee Business-to-Consumer (B2C) Payroll Benefits Refunds Rewards and Rebates High volume Low value Consumer-to-Consumer (C2C) Person-to-person (P2P) Account-to-account (A2A) High volume Low value 6

7 Forecast of Payment Convergence to U.S. Faster Payments Cash ACH 1-2 % 11% Where will Faster Payments come from? Cards 5-6% 30+ billion txn/year Wires 7% Checks 27% Sources: and 7

8 Our Expertise Effortless 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

9 Fusion Experience Bill Pay People Pay Transfers 9

10 Bill Pay Same-day payments 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

11 Bill Pay Actionable alerts Real-time response to alert schedules payment coming due Reminder ebill Consumer does not need to login Pilot target June

12 People Pay Real-time digital gifting Convenience Allows users to send egift Cards INSTANTLY User enters amount and sends egift Card to a person s 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

13 People Pay Real-time transactions with claim to debit card Another real-time tool for People Pay payment recipients Supports NYCE, MasterCard and Visa debit cards 13

14 External Transfers Real-time capable 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

15 External Transfers Real-time account validation Newly available option, replacing need to verify access with twodeposits 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

16 Introducing Zelle Real-time P2P payments What is Zelle? National directory Real-time services Consumer brand Why Zelle? FI-centric Ubiquitous Embraced and marketed by largest FIs 16

17 FIS Partnership C ommitment t o empow ering safe, ubiquitous and faster payments FIS Real -Time Payments Offerings Futur e pr oof Your infrastructure, optimizing your investments B uild customer l oyalty Offering secure, real-time capabilities E xtend i ndustr y l eader ship Leveraging the FIS payments ecosystem Gain competitive advanta ge Through data insights Innovate faster With deep payments integration Zelle Integrated P2P FIS People Pay P2P FIS Open Payment Framework ( OPF) FIS PayN et Global Payments B ill Pay via The C learing H ouse 17

18 What s Engaging next with FIS Digital Payments at Connect Join us at the following sessions Session 1608 Thursday 8:30 AM FIS Partnership with Zelle for P2P Payments Session 1606 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

19 Questions / Discussion

20 Norm Marraccini: Arun Ahuja: