FIS has announced the immediate launch of People Pay, a person-to-person payment technology that it believes is an advance over tools presently on the market.
Nancy Langer, an epayments executive at the Jacksonville, Fla. banking technology company, said that People Pay will offer real-time money movement. It will also be white labeled, meaning it will not have the FIS name on the product. Langer added that by June People Pay will be integrated into FIS's mobile banking apps.
Langer stressed that People Pay is an open solution, meaning that credit unions that adopt it do not have to be on an FIS core.
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