Under the terms of the deal, FIS is also set to offer a suite of other integrated banking and payment services, such as commercial e-banking, business e-banking, sales and service options, as well as EFT offerings. In addition, the bank is expected to utilize the NYCE payments network for PoS and ATM transactions powered by FIS.
FIS’ EFT services are currently deployed by over 3,000 financial institutions to manage their ATM/debit activities. American Chartered Bank counts USD 2.4 billion in assets.
In a recent development, US payment services provider Pivotal Payments has entered a partnership with FIS to implement the latter’s EFT software services in support of its new HD3 merchant services processing platform.
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