Visa, a world-renowned provider of digital payments, have announced the expansion of its strategic partnership with FIS to give financial institutions of all sizes, especially regional and community banks, easier access to innovative payments solutions.
The partnership focuses on democratising access to cutting-edge payments capabilities, helping smaller and midsize financial institutions stay competitive against larger issuers, according to FF News.
By integrating Visa’s advanced solutions within the FIS ecosystem, the companies intend to provide turnkey tools to grow revenue, retain customers, and minimise fraud losses.
FIS operates as a global provider of financial technology solutions, delivering services across banking, capital markets, and merchant sectors.
Its Cards and Money Movement division is central to its role in supporting payment innovation. Visa, on the other hand, is a global leader in digital payments, connecting millions of consumers, businesses, and governments across more than 200 countries and territories.
The expanded offering introduces several new solutions:
Stop payment services: Allows cardholders and customer service teams to halt recurring merchant payments, giving users more control over spending.
Digital campaign manager: Lets financial institutions run innovative, customisable marketing campaigns, including augmented reality and other digital experiences.
Wallet link: Pushes branded digital cards directly to digital wallets, enhancing user convenience and reducing lost revenue.
E-commerce fraud mitigation: A solution designed to improve online transaction approval rates and eliminate chargeback liabilities caused by fraudulent purchases.
This move builds on other strategic agreements made by FIS in recent months, including partnerships with Oracle, Fulham Football Club, PwC, and Affirm. The integration with Affirm allows banking clients to offer “pay-over-time” debit options within their existing programmes.
All the new products and features are expected to become available to FIS client issuers by the end of 2025. Interested parties can learn more via FIS Sales or explore the FIS payments ecosystem online.
FIS head of Cards and Money Movement Chris Como said, “According to Experian, the average American holds nearly four credit cards, highlighting the need for issuers to have efficient systems to stay competitive. However, without the requisite infrastructure and resources, smaller financial institutions can struggle to meet this need. By integrating Visa’s advanced solutions into the FIS ecosystem, we are helping to level the technological playing field for those providers, illustrating our commitment to unlocking financial technology to the world.”
Visa senior vice president and global head of Visa Issuing Solutions Kathleen Pierce-Gilmore said, “Our collaboration with FIS is making it easier for financial institutions of all sizes to compete more effectively by offering solutions that drive growth and enhance customer retention. We partner to provide banks with more accessible tools from fraud prevention to cutting-edge digital experiences for their customers.”
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