JACKSONVILLE, Fla. & SYDNEY--(BUSINESS WIRE)--Continuing its leadership in the global movement toward real-time payments, global financial technology provider FIS™ (NYSE: FIS) announced today that it has leveraged its Open Payment Framework (OPF) to connect three leading Australian financial institutions to the country’s New Payments Platform (NPP).
The NPP was cooperatively developed by Australian financial institutions to provide a modern payments infrastructure for the country’s banking system. The platform, which was officially launched in February, enables real-time clearing and settlement 24 hours a day, seven days a week. It provides Australian businesses and consumers with a fast and versatile payments system for making their everyday payments.
A leading provider of payments technology in Australia, FIS has connected three of the country’s leading financial institutions to the NPP infrastructure, allowing millions of customers to begin using and benefiting from the real-time payments services.
“The NPP provides a leap forward in modern payments capabilities for Australian consumers and businesses,” said Serena Smith, head of Payments, FIS Global Financial Solutions. “By using our Open Payment Framework, FIS enabled these financial institutions to immediately connect to the NPP platform so they could benefit from the new services on day one. We look forward to helping other Australian banks connect to this leading-edge platform.”
FIS is working with financial institutions around the world to modernize their payments platforms and implement real-time payments environments.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.