Fidelity National Information Services to Offer Secure Vault Payments

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.

“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/.