Person-to-Person Payments
Expand your online channel by giving consumers a new way to pay.
By offering your customers an alternative to Person-to-Person (P2P) check payments, your institution can reduce this expense and realize immediate cost savings. Rely on FIS’ P2P Payment Solutions to make it happen. With P2P Payment Solutions, consumers can send money from accounts at your financial institution to recipients almost anywhere in the world. Additionally, these payments are instantaneous and can be sent from your bill pay Web site.
Our P2P Payment Solutions target the need of various payment activities, including:
- Me-to-me (move money between accounts – either on an ad-hoc or regular basis)
- Me-to-family (send money to kids in college, give a gift to a family member, etc.)
- Me-to-friend (pay a friend for dinner, a movie, etc.)
- Me-to-small-business or service provider (pay the babysitter, dog walker, house cleaner, etc.)
P2P Electronic Transfers
This one-way transfer capability integrates through your online bill pay product, allowing consumers to make transactions using the destination DDA information. The money is electronically delivered via ACH directly into the recipient’s bank account, with no need for remittance confirmation or network participation. This service is primarily designed to facilitate me-to-me and me-to-family transactions.
P2P Payments Powered by PayPal
This service integrates with the FIS Payment Manager solution. Consumers initiate a transaction from your bill pay Web site, identifying the recipient via e-mail address or mobile phone number. Although this solution leverages PayPal, one of the largest P2P networks in the world, the sender does not need a PayPal account to use it.
To learn more about P2P Payment Solutions from FIS, call 800.822.6758.
