FIS taps pre-paid cards and mobile for GenNow

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FIS has announced a new solution that will enable banks and credit unions to compete effectively with alternative financial services.

FIS GenNOW Financial Services will enable financial institutions to capitalize on customers by as they will provide them with real-time access to funds via mobile or prepaid cards.

GenNOW features include:

  • Track spending and manage finances on the go
  • Load money to their prepaid cards through a mobile app and have immediate access to their funds
  • Make expedited bill payments using a mobile app and avoid late payment charges
  • Track spending and balances with personal financial management tools and alerts
  • Get rewards for usage and meeting budget and savings goals
  • Receive real-time notifications of offers reflective of their buying habits and interests

“One in four U.S. households conducts at least some financial transactions outside of the mainstream banking system,” said Bruce Lowthers, EVP, North American Card Solutions, FIS. “When you consider those numbers, and the long-term opportunities available to banks and credit unions who reach out to the customers GenNOW focuses on, this is a key driver of consumer engagement, growth and future business.”

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