PEOPLE PAY PAYMENTS TO THE PEOPLE! Real-time, financial institution-centric, fully integrated P2P payments. FIS People Pay frees the people and moves the money.
PAYMENTS GET PERSONAL Beyond online bill pay, the next horizon for today s digitally demanding, fast-moving consumers is paying any person, company or institution quickly, securely and easily. With the click of a mouse. Or the tap of an app. The money goes straight from one account to another. CLICK BOOM PAID DONE 2
WITH FIS PEOPLE PAY, IT S ALL POSSIBLE Pay anyone with an email address or a mobile number Route payments to a variety of receiving accounts checking, prepaid or gift card, other P2P payment providers Extend and integrate with core systems to enable instant access to good funds Lay the foundation for the real-time revolution via FIS PayNet That s one small payment for banking customers. And one giant leap toward stronger customer retention and loyalty for financial institutions. 3
PAYMENTS TO THE PEOPLE! TO THE BABYSITTER TO THE HANDYMAN TO THE GRANDCHILD TO THE ROOMMATES TO THE CO-WORKERS Real-time. Through existing accounts. Validated instantly. FIS PEOPLE PAY NEXT-GENERATION BANKING AND MONEY MOVEMENT NOW! 4
BANKING BEYOND BILL PAY FIS People Pay is an open network and financial institution-centric platform allowing banks and credit unions of all sizes to control the extension of their brands into new channels and offer digital solutions for more types of transactions. In other words, FIS People Pay provides another reason for account holders to make more of their payments through their financial institutions and to adopt handy mobile tools. 5
THE POWER OF PERSONAL With true personal payment services through one-stop digital banking and money movement portals, clients can: Cut costs by boosting digital adoption Grow revenue with new payments services and product features Strengthen loyalty and reduce churn by satisfying existing consumers with convenient, sticky services Expand the customer base by meeting increased demand for new offerings FIS People Pay prepares clients to gain market share in the post-cash, postcheck world. 6
THE BRAND-BUILDING OPPORTUNITY The good news: The majority of online consumers are already banking and paying bills online. However, most are using P2P with a firm other than their primary checking account provider. 25% of online consumers are making at least one P2P payment per month Consumers trust banks and credit unions for secure money movement. In other words, existing customer relationships and brand equity provides FIs a potential edge in P2P payments provided they can deliver the convenience, security and seamless experience consumers expect. FIS People Pay provides an integrated, fully configurable interface with streamlined processes to ensure a quality user experience with FI brands front and center. Not using P2P Payments 75% Using P2P 25% Source: FIS primary consumer research, 2012, n=3205 10% 7% 3% 5% 15% are making two or more per month Number of P2P payments per month ONE TWO THREE FOUR 7
THE COMING CONSUMER SWEET SPOT Who s Using P2P? Why It Matters to Financial Institutions? Members of Generation Y and the most profitable customers for FIs are both 40% more likely than average consumers to use P2P payments. Source: FIS primary consumer research, 2012, n=3205 MOST PROFITABLE CUSTOMERS GENERATION Y FIs interested in attracting younger customers and retaining their most profitable customers should pursue P2P payments 8
ANYONE, ANYWHERE, ANYTIME PAYMENTS 1200 1000 800 600 400 200 Worldwide Mobile Payments ($ Billion) 52% CAGR When it comes to payments, mobile will quickly become mainstream and global. For younger consumers around the world, mobile is not a different or separate channel, but rather the natural way to take care of business. It doesn t matter where they are or which device they have handy smartphone, tablet or laptop they re ready to transact and move money. 0 2011 2012 2013 2014 2015 2016 2017 Source: IDC Financial Insights 2012 Consumer Survey; IDC and IDC Retail Insights, 2012; Bank for International Settlement, 2011 and 2012; and Nilson Report, 2012. Mobile payments includes P2P, mcommerce, and NFC and barcode proximity payments. 9
HOW FIS PEOPLE PAY WORKS Account holders connect to FIS People Pay through an FI-branded portal featuring: Simple, intuitive dashboard one stop for sending and receiving payments, tracking transaction history, managing contacts for repeat payments Flexible options for sending, receiving and confirming payments Email and text alerts when payments are ready to claim Transaction or payment amount limits configurable by FIs to minimize payment risk Connections to receivers with accounts at non-participating institutions Configuration options and deployment models to tailor the consumer experience based on flexible Web services architecture Designed to be frictionless. Built for speed and security. 10
FIS PEOPLE PAY POWERED BY PAYNET FROM FIS PayNet makes real-time debits and credits in P2P payments a reality by connecting all payment stakeholders through an impartial, open network and rules-based transaction framework. Because PayNet is built on the good funds model, authorization approvals, money transfers and notifications happen instantly. DAILY INTERBANK SETTLEMENT $ $ $ FIs Originators FIs Receivers GOOD FUNDS MODEL: REAL-TIME + DIRECT BALANCE VERIFICATION IMMEDIATE DEBIT IMMEDIATE AVAILABILITY PayNet. Much faster than ACH and checks. Significantly more cost effective than credit, debit and wire transfers. 11
$ WHY EVERYBODY LOVES FIS PEOPLE PAY Senders No need to carry cash, visit the ATM or write checks Safe and secure all transactions run through the financial institutions Fast and easy to use Financial Institutions Control the brand experience Higher customer loyalty through expanded services More transactions online The potential for higher revenues through fees Stronger competitive edge against non-bank players Recipients Convenience of direct and instant payments Eliminates need to visit branches or ATMs to make deposits Faster access to payments No worries about insufficient funds Safe and secure senders Safe and $ secure Convenience Faster Easier financial institutions Higher exposure to FI brand Expanded services for customers Broader adoption and improved loyalty $ recipients Faster access to $$$ Direct deposit into accounts More convenient 12
LEARN MORE www.fisglobal.com/peoplepay 800.822.6758 FIS (NYSE: FIS) is the world s largest global provider dedicated to banking and payments technologies, serving more than 14,000 institutions in over 100 countries. FIS holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. 2013 FIS and/or its subsidiaries. All Rights Reserved. 7005 0113