EverBank has selected FIS, a provider of banking and payments technology solutions, to provide FIS People Pay to its clients.
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FIS said that its People Pay allows users to pay anyone with an e-mail address or mobile phone number, and recipients can receive funds directly to their bank account, or via gift card, check or thru integration with other P2P payment networks.
People Pay’s integration with a financial institution’s systems eliminates funding risks and exceptions as all transactions are instantly debited directly from the sender’s account. People Pay utilizes FIS’ PayNet network, which powers instant money movement between deposit accounts of consumers and businesses.
FIS People Pay was designed as a real-time payment solution from the ground up. As a result, consumers, both senders and receivers, can intuitively elect to use instant payments, without concerns about limited interoperability or restrictions of legacy payment networks, or awkward interactions resulting from retrofitting faster payment capabilities on existing solutions.
Vincent Amato, EverBank senior vice president and director of banking operations, said: "EverBank clients want to be able to quickly send payments online or from their mobile phones to friends, family or colleagues, using just an e-mail or mobile number, and they trust us to provide those payment services safely and securely."
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