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FIS Digital Payments Vision May 23, 2017 Norm Marraccini, VP, Director of Digital Payment Product Strategy & Marketing Arun Ahuja, SVP & GM

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Page 1: FIS Digital Payments Vision - FIS Globalempower1.fisglobal.com/rs/650-KGE-239/images/1207 FIS Digital Pa… · FIS Digital Payments Vision May 23, 2017 Norm Marraccini, VP, Director

FIS Digital Payments Vision

May 23, 2017

Norm Marraccini, VP, Director of Digital Payment Product

Strategy & Marketing

Arun Ahuja, SVP & GM

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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

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FIS Digital Payments: Driving Digital Innovation

FIS has been a global Leader in Faster Payments longer than any other organization:

2006 2007 2013 2014 2015 2016 2017

FIS provides the

underlying technology to

UK Faster Payments—the

largest Faster Payments

system to-date;

Clear2Pay OPF Software

has supported all real-

time 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 2017.

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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

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Capitalizing on the Latest Advances in Real-Time Payments

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Real-Time Payment Use Cases

Business Payee Consumer Payee

Business-to-Business (B2B)

• Purchase Order

• Invoice

• Remittance

• Trade Finance

• High value

• Low volume

Business-to-Consumer (B2C)

• Payroll

• Benefits

• Refunds

• Rewards and Rebates

• High volume

• Low value

Consumer-to-Business (C2B)

• Bill Payment

• eCommerce

• High volume

• Low value

Consumer-to-Consumer (C2C)

• Person-to-person (P2P)

• Account-to-account (A2A)

• High volume

• Low value

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Forecast of Payment Convergence to U.S. Faster Payments

Where will faster

payments come from?

30+ billion txn/year

ACH

Cash

Cards

Checks

Wires

1 - 2 %

11%

5 - 6%

7%

27%Sources: and

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Our ExpertiseEffortless 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.

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Fusion Experience

People Pay

Bill Pay

Transfers

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Same-day payments

Bill Pay

• 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

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• Real-time response to alert schedules payment

coming due

– Reminder

– eBill

• Consumer does not need to login

• Pilot target June 2017

Actionable alerts

Bill Pay

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• Convenience

– Allows users to send eGift Cards INSTANTLY

– User enters amount and sends eGift Card to a

person’s email 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

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Real-time digital gifting

People Pay

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Real-time transactions with claim to debit card

People Pay

• Another real-time tool for People Pay

payment recipients

• Supports NYCE, MasterCard and Visa

debit cards

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Real-time capable

External Transfers

• 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

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Real-time account validation

External Transfers

• Newly available option, replacing

need to verify access with two-

deposits

• 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

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Real-time P2P payments

Introducing Zelle

What is Zelle?

• National directory

• Real-time services

• Consumer brand

Why Zelle?

• FI-centric

• Ubiquitous

• Embraced and marketed by largest FIs

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FIS Partnership

Commitment to empowering

safe, ubiquitous and faster paymentsFIS Real -Time

Payments Offer ings

Zel le

Integrated P2P

FIS People Pay P2P

FIS Open Payment

Framework (OPF)

FIS PayNet

Global Payments

Bi l l Pay v ia

The Clear ing House

Future proof

Your infrastructure, optimizing your investments

Build customer loyalty

Offering secure, real-time capabilities

Extend industr y leadership

Leveraging the FIS payments ecosystem

Gain competit ive advantage

Through data insights

Innovate faster

With deep payments integration

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What’s next

Join us at the following sessions

Session 1208 || Thursday || 8:30 AM

FIS’ Partnership with Zelle for P2P Payments

Session 1206 || 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

Engaging with FIS Digital Payments at InfoShare

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Questions / Discussion

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Norm Marraccini: [email protected]

Arun Ahuja: [email protected]