NACHA Signs Fidelity National for Secure Vault Payments Offering

NACHA – The Electronic Payments Association announced today that Fidelity National Information Services, Inc. (FIS) will offer NACHA’s Secure Vault Payments solution to its clients.

Headquartered in Jacksonville, Fla., FIS is a Fortune 500 company, with a strong global presence, serving more than 9,000 financial institutions in more than 80 countries. The company has been named the number-one overall financial technology provider in the world by American Banker and Financial Insights in the FinTech 100.

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 financial institutions can authenticate consumers and provide real-time payment authorization and confirmation of an Automated Clearing House (ACH) credit to the participating business. 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 financial institutions without an existing relationship with FIS.

“For 40 years, FIS has provided state-of-the-art e-commerce solutions to financial institutions and their clients,” said Anthony Jabbour, executive vice president for FIS Core Processing and eBanking. “We are delighted to once again bring best-in-class payments options by partnering with NACHA to offer Secure Vault Payments.”

“Having FIS offer Secure Vault Payments provides consumers with an even wider opportunity to involve an entity that they already trust—their financial institutions,” said Elliott McEntee, chief executive officer of NACHA. “FIS is a thought and service leader in the payments industry, and we are excited about this partnership.”

Secure Vault Payments enables consumers to initiate private and secure payments for purchases and bill payments through their financial institutions’ online banking platforms, using the ACH Network and eWise Systems Payment Switching technology. Financial institutions authenticate consumers and provide businesses with real-time authorization and confirmation of payment (ACH credit). Secure Vault Payments™ is a NACHA Pilot initiative to demonstrate market acceptance of the product. To learn more, visit http://securevaultpayments.org/.

NACHA—The Electronic Payments Association is a not-for-profit association that oversees the Automated Clearing House (ACH) Network, one of the largest electronic payment networks in the world. More than 18 billion ACH payments were exchanged in 2007. NACHA is responsible for the administration, development, and enforcement of the NACHA Operating Rules and sound risk management practices for the ACH Network. Through its industry councils and forums, NACHA brings together hundreds of diverse payments system stakeholder organizations to enable the development of new network services and applications. NACHA represents more than 11,000 financial institutions through direct membership and 19 regional payments associations. NACHA and its members provide education, tools, and resources to increase the adoption of ACH payments to benefit businesses, consumers, and governments.

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; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500 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 9,000 financial institutions in more than 80 countries worldwide.