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Integrated Payables Solutions

Breaking down the Obstacles to Electronic Payments

With 50 percent of companies still using B2B checks, annual check processing costs top $25 billion. But lack of resources, vendor bank details, poor management of remittance data and fear of risk discourage migration to electronic payments. The FIS™ Integrated Payables solution reduces manual processing, facilitates comprehensive vendor management and provides rebates for virtual card usage.

  • Gain efficiency by uploading a single data file, which will then be executed as checks, cards, wires, EFTs or via SWIFT.
  • Let FIS vendor enrollment team handle outreach to your vendors to capture their bank account details and set them up for electronic payments – we’ll even campaign to convert them from check payments to ACH or virtual card ePayments.
  • Enable your vendors to simply click a link to view, print and save the remittance advice.

ACH Conversion

Migrate to a More Cost-effective Payment Method

Check-to-ACH migration continues to gain widespread appeal as companies seek to improve their B2B payment strategy to achieve cost reductions and streamline payments processes. The FIS™’ Integrated Payables solution enables you to transition from check printing and mailing checks with remittances to securely send ACH payments with digital electronic remittance.

  • Break down the barriers to ACH adoption, making it easy to enroll suppliers, manage their bank account information and deliver remittance electronically.
  • Reduce the operational costs of check printing.
  • Decrease fraud.
  • Improve tracking and audit.

Check Printing and Outsourcing

Outsourced and In-house Solutions for Check Printing

Printing and delivering MICR checks and other documents is costly and can expose your company to risk, prompting many corporations to consider outsourcing. For others, internal company requirements keep paper-based check printing and execution in-house. FIS™ offers solutions whether an outsourced or in-house solution is right for you.

Outsourced: With the FIS™’ Integrated Payables solution, we’ll print and mail your checks or migrate them to electronic payments, including domestic and international ACH and wires. Other: direct deposit advices; billing, invoices and statements; and wage and tax form notifications.

  • Reduce transactional and operational costs.
  • Mitigate the risk of fraud.
  • Expedite processing and improve service levels.

In-house: The FIS™ Integrated Payables solution enables you to securely and efficiently print MICR laser checks, statements, invoices and other documents in-house and at remote locations.

  • Handles a wide range of check printing, including payroll, A/P, claims, refund and rebate, as well as direct deposit advice, purchase orders and invoices.
  • Reduce transactional and operational costs.
  • Comply with regulatory requirements with our quality processes and procedures that are certified SAS 70 compliant.
  • Mitigate the risk of fraud with extensive check security at the user, software, hardware and font levels.
  • Adhere to applicable check printing standards and regulatory requirements.
  • Expedite processing and improve service levels.

Print and Mail Services

Reduce Costs and Expedite Processing

ePayment Services_Print and Mail Services

For companies considering outsourcing print and mail services, FIS delivers a comprehensive solution that helps companies print and mail checks; tax forms, including W-2s, 1099s, 1098s, 5498s; invoices; direct deposit advice; and other documents. The FIS’ Integrated Payables solution offers a print and mail service to expedite processing and offers a complete end-to-end approach in a secure facility.

  • Reduces transactional and operational costs through an outsourced print and mail service.
  • Mitigates the risk of fraud
  • Complies with standards and regulatory requirements
  • Expedites processing and improves service levels

Virtual Card

Earn Rebates

As companies increasingly migrate from costly check disbursements to electronic payments, many are adopting virtual card payments, or vCards. With the FIS™ Integrated Payables solution, you can earn rebates with these single-use, unique card numbers that are used in lieu of paper checks to securely pay vendors.

  • Earn rebates with each virtual card payment.
  • Reduce operational costs.
  • Decrease fraud.
  • Improve tracking and auditing.

White Label Payment Solutions

Expand Your Services and Grow Your Business

With payments processing fast becoming the center of attention for corporations, many are looking to their banking partners for check printing and electronic payment solutions. The FIS™ Integrated Payables solution can help banks and technology providers expand their offerings, from workflow and routing to check printing, outsourced check processing, execution of electronic payments including ACH, international ACH, cards and wires.

  • Attract and retain customers.
  • Reduce time to revenue.
  • Reduce the cost of sale or ownership.
  • Achieve differentiation in your market.