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FIS

Solution(s): FIS® Money Movement Hub (MMH), FIS Open Payment Framework (OPF)
Website(s): fisglobal.com (Off-site)
Contact: Stacey Gross, stacey.gross@fisglobal.com

Inclusion of a provider in the exchange does not reflect any recommendation or endorsement by the Federal Reserve, or any relationship between the provider and the Federal Reserve. Learn more.

Services and products to support the FedNow® Service

The FIS Money Movement Hub (MMH) is a cloud-native, ISO® 20022-based payments gateway that unifies instant and traditional payment rails through a single API. It enables U.S. financial institutions seeking a turnkey multi-tenant solution to modernize infrastructure, reduce complexity, and deliver the instant payment experiences their customers expect. AI-powered smart routing and embedded real-time fraud detection and sanctions monitoring ensure faster, safer and more efficient payment processing.

The FIS Open Payment Framework (OPF) provides a flexible foundation for an expanding array of pre-built payment solutions. With OPF, multiple payment products can be enabled to quickly deliver operational solutions for instant and traditional payment rails. OPF is a cloud-native, ISO 20022-based application that provides financial institutions with common, reusable services consisting of a comprehensive data model, choreographed payment business processes and configurable services including parsing, validation, intelligent routing, warehousing, security, auditing and more.

Segment type(s)

  • Financial Institution Service Provider
  • End-User Service Provider

Solution type(s)

  • Account Tokenization
  • AP/AR/ERP and Treasury Management Systems
  • Banking as a Service (BaaS)
  • Core Banking Platforms
  • Correspondent Services (settlement)
  • Digital User Experience (mobile/online interfaces)
  • Digital Wallet Providers
  • Pay by Bank
  • Payments Hubs/Platforms/Gateways
  • Payment Service Providers
  • Payment Testing Platform Providers (including Sandbox Opportunities, proof-of-concept services)
  • QR Code Payment Solutions
  • Risk Management and Fraud Services

Use cases/markets served

  • Bill Pay and Presentment
  • Brokerage
  • Buy Now Pay Later
  • Construction
  • Digital Wallet Funding/Defunding
  • Government (e.g., municipality, state, federal)
  • Health Care
  • Insurance
  • Loans (direct or indirect)
  • Merchant
  • P2P Payments
  • Payroll
  • Real Estate (e.g., escrow, property management)
  • Transportation

FedNow functionality supported

  • Back Office / Treasury Management Services
  • Connectivity to the FedNow Service via FedLine® Solutions
  • Correspondent Settlement Services
  • FedNow Profile Management
  • FI Staff-Initiated Transactions
  • Fraud Prevention/Monitoring Services
  • Receiving FedNow Transactions
  • RFP Transactions — Businesses Receiving
  • RFP Transactions — Businesses Sending
  • RFP Transactions — Consumers Receiving
  • RFP Transactions — Consumers Sending
  • Sending FedNow Transactions — Business Accounts
  • Sending FedNow Transactions — Consumer Accounts

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.