Fidelity National Information Services (Jacksonville, Fla.; FIS) is teaming with Western Union (Denver) and online financial application provider Yodlee (Redwood City, Calif.) for an integrated online expedited payments solution for financial institutions.
FIS will integrate Yodlee's PayToday expedited bill payment solution into the FIS online bill payment solution. With the integration, FIS bill pay clients of any size will now be able to take advantage of the revenue-generating capabilities offered by Yodlee payments solutions and immediately begin to generate new fee-based revenue by offering customers the convenience of guaranteed, same-day electronic payments. The DirectPay solution from Yodlee enables interchange revenue-generating credit and debit card-based electronic bill payments for more than 400 top billers, giving consumers the freedom of choice of how and when they pay their bills.
Through its relationship with Western Union, PayToday customers have access to one of the largest same-day electronic payments networks in the industry. Western Union's proprietary biller network includes hundreds of billers across multiple biller categories, including credit cards, mortgage, auto finance, insurance, utilities, cable and wireless.