Banking Economy Fintech News

FIS Offers Simplified Contracting and Pricing Model for Qualifying Community Banks and Credit Unions

FIS Offers Simplified Contracting and Pricing Model for Qualifying Community Banks and Credit Unions

Financial services technology leader FIS announced a simplified pricing and contracting model for qualifying U.S. community banks and credit unions that enables them to bring innovative new products and services to market more quickly, control expenses, and maximize the efficiency and resiliency of their operations – better positioning them for success as the economy recovers from the current health crisis.

Read More: Analyticom Introduces a Scientific Model That Keeps Investments Stable During Market Volatility

The new program adds to the company’s previously announced groundbreaking service level agreement designed to simplify its clients’ engagement experience with FIS.

Like the communities and small businesses they serve, community banks and credit unions have been significantly impacted by the COVID-19 crisis. With many communities now making plans to return to more normal business operations in the months ahead, community banks and credit unions are preparing their operations to ensure they are ready to serve their customers in a post-pandemic economy.

Read More: Kreditech Rebrands to Monedo as It Steps Up Growth in International Lending Markets

The new contracting model allows qualifying community banks and credit unions to purchase an integrated bundle of leading-edge technology solutions via an affordable, flat fee, month-to-month subscription model. The contract eliminates required term lengths, liquidated damages and exclusivity requirements and provides clearly defined fees around deconversion services.

“More than a year ago we committed to being the easiest financial technology provider in the industry to do business with by dramatically simplifying their buying experience with FIS,” said Bruce Lowthers, President, Banking and Merchant Solutions at FIS. “We delivered on that commitment by announcing an industry-first service level agreement for clients of many of our cloud-based applications. Now we are taking that commitment a big step forward by launching a new pricing and contracting model for our qualifying community bank and credit union clients that accelerates their ability to access the innovative technology they need to serve their customers as economic conditions improve in the post-COVID 19 marketplace.”

Read More: Healthfully and Paya Deliver Expanded Patient Care and Payments Through New Partnership

Related posts

Private Equity Firms Feel Pressure to Scrutinize Legal Spend More Closely as M&A and Fundraising Declines, Says New Apperio Study

Fintech News Desk

Wolters Kluwer adds agility to financial decision-making with CCH Tagetik SmartInsight

Fintech News Desk

Inclusion Foundation Formed to Tackle Financial Exclusion

Fintech News Desk
1