FIS Cuts the Wait for New Credit and Debit Cardholders to Access Accounts
May 11 2020 - 7:00AM
Business Wire
Key facts
- FIS Digital Issuance solution allows financial institutions to
provide newly approved applicants with immediate access to new
credit and debit accounts via mobile phone.
- First-to-market solution also provides same-day mobile option
for cardholders whose cards are lost, stolen or compromised.
- Avidia Bank is the first financial institution to select FIS
Digital Issuance.
Financial technology leader FIS™ (NYSE: FIS) announced FIS
Digital Issuance, a first-to-market solution that allows financial
institutions to provide newly approved applicants with immediate
mobile access to their credit and debit accounts. Avidia Bank is
the first financial institution to begin offering the new FIS
solution.
Available to FIS credit or debit card processing clients, the
solution allows consumers who are approved for a new credit or
debit card to use a mobile app to set up their card securely in
their phone’s mobile wallet. The cardholders can then make
purchases immediately, allowing financial institutions to provide
additional value and build relationships with these consumers.
The FIS Digital Issuance solution also provides a same-day
mobile replacement option for cardholders whose cards are lost,
stolen or compromised. Generally, a physical replacement card takes
three to seven business days to be delivered by mail.1
Avidia Bank, a Massachusetts-based community bank with $1.6
billion in assets, has selected FIS Digital Issuance to provide
added convenience for cardholders.
“Avidia prides itself on providing our customers with
cutting-edge technology that reduces complexity and makes their
financial lives easier,” said Todd Wood, AVP, Digital Banking at
Avidia Bank. “With this new solution from FIS, our new card
customers will now have immediate purchasing power.”
“In a world that places a premium on convenience and immediacy,
this new solution from FIS lets financial institutions stand out
from their competition,” said Jim Johnson, head of Payments and
Wealth at FIS. “In addition to providing new cardholders with
immediate access to their credit and debit accounts, FIS Digital
Issuance also promotes a positive experience as cardholders begin
their relationships with their new financial institution.”
See how FIS Digital Issuance works in this video or read more on
FIS’ website.
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our more than 55,000
people are dedicated to advancing the way the world pays, banks and
invests by applying our scale, deep expertise and data-driven
insights. We help our clients use technology in innovative ways to
solve business-critical challenges and deliver superior experiences
for their customers. Headquartered in Jacksonville, Florida, FIS is
a Fortune 500® company and is a member of Standard & Poor’s
500® Index. To learn more, visit www.fisglobal.com. Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).
1How Long Does It Take To Get A Credit Card?
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version on businesswire.com: https://www.businesswire.com/news/home/20200511005057/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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