Visa and FIS have expanded their partnership to offer new value-added payment capabilities to financial institutions, including stop payment services, wallet linking, and eCommerce fraud mitigation.
The new offerings aim to help small financial institutions compete with larger ones by providing advanced solutions integrated into the FIS ecosystem.
Expected by the end of the year, the new capabilities will include a digital campaign manager to facilitate marketing through various channels like augmented reality events and digital experiences.
Visa and FIS collaboration targets enhancing growth and customer retention for financial institutions of all sizes, as outlined in a PYMNTS Intelligence report focusing on meeting digital-first generation expectations.