Fintech Fiserv to provide financial solutions to India-based Federal Bank

Fiserv will also assist with the launch of Federal Bank issued credit cards. The bank will be outsourcing related operational processes to Fiserv as well. Federal Bank confirmed that it would use Fiserv’s FirstVision, an end to end managed services solution that facilitates card issuing and processing.

The integrated technology stack and BPO solution aim to lower the cost of ownership while offering an extension to the Federal Bank’s existing operations. As reported in May 2020, Fiserv increased PINless transactions limits at Accel, a platform owned by the fintech. The limit had been bumped up to USD 100, following the COVID-19 outbreak.

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

Categories

Payments

Fraud and Fincrime

Fintech

Crypto, Web3 and CBDC

Regulations

M&A and Investments

Current themes

A2A Payments

Payment Orchestration

TradFi and DeFi Convergence

KYC, KYB and Digital Identity