Financial services technology firm FIS has partnered with Early Warning to enable financial institutions to offer faster person-to-person (P2P) payment services to their clients using latter’s Zelle Network service.
FIS will offer Zelle as a key part of its growing set of FIS real-time payment capabilities and solutions, which include External Transfers, Digital eGifting, and Bill Payment.
At launch, Zelle will be one of the largest faster payments networks in the US, accessible to over 76 million mobile banking users nationwide, according to a press statement.
Scott Coffing, division executive, corporate and digital, FIS, said: “Offering Zelle aligns with our global initiatives in real-time payments frameworks and extends our portfolio of solutions that help financial institutions fulfill the growing customer demand for instant money movement.
“Access to Early Warning’s Zelle solution through FIS will help banks and credit unions remain the secure, trusted provider to – and central transaction point for – their customers.”
Early Warning group president payments Lou Anne Alexander said: “Working with FIS is a natural extension of our strategy to become the ubiquitous provider of faster P2P payments for financial institutions of all sizes. Zelle and FIS will continue to help financial institutions make their customers’ financial lives easier, providing them fast, safe and more convenient payment options with their friends and family.”