Fidelity National Information Services, Inc. (FIS) announced it will offer NACHA's Secure Vault Payments solution to its clients.
NACHA's Secure Vault Payments, which utilizes eWise Systems Payment Switching technology, enables consumers to initiate private and secure payments for purchases and bill payments through FIS' e-payments platform. Participating banks can authenticate consumers and provide real-time payment authorization and confirmation of an ACH credit to the participating business. According to NACHA. Secure Vault Payments offers financial institutions an opportunity to generate revenue from the processing of third-party e-commerce transactions, keeping the financial institution at the center of its clients' payments marketplace.
FIS will offer Secure Vault Payments to current clients as well as banks without an existing relationship with FIS.