Banking and payments technology firm FIS is providing American Express Bluebird accounts with its InstantFunds Mobile technology to provide mobile-driven remote cheque capture (view press release). Bluebird is a scheme for American Express customers who want advanced features such as deposits by smartphone and mobile bill pay, fee transparency, and no minimum balance, monthly, annual or overdraft fees.
InstantFunds Mobile combines three FIS Solutions – Mobile Prepaid, FIS Xpress Deposit and Certegy Check Authorization and Warranty – enabling customers to use their smartphones to scan a cheque and add funds into their account, and limiting fraud by leveraging FIS’ analytics and payment guaranty technologies.
According to Gary Norcross, FIS president and COO: “Consumers are increasingly mobile and tech-savvy and constantly seek convenience. They want the option to perform any financial or purchasing transaction with a mobile phone… We recognized the opportunity to offer a mobile solution that brings more secure, self-service capabilities.”
Through FIS InstantFunds Mobile, payments providers have a feature within their own mobile app in which they control the cardholder experience from messaging and fee structures to promotions and campaigns.
Whitepapers
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