Anne has been saving for a new sofa and sees a Black Friday deal on the perfect one. Using online banking, she instructs her savings provider to move money from her savings account to her current account with another institution, instantly.
Confirmation of Payee shows that Anne entered the correct account details. Her savings provider connects to FIS PaaS via an API to initiate the transaction.
FIS PaaS conducts AML screening and initiates the payment to the ACH (Faster Payments) in real time.
In seconds the money has moved from her savings to her current account.
While Anne's payment providers settle the transaction, she heads back to the retailer's website, excited to order the sofa of her dreams.
In a few clicks, Anne has made the purchase. The retailer sends her a Request to Pay. She pays the retailer a deposit via Faster Payments and schedules a future payment for the balance.