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FIS Embeds Financial Institutions in Digital Payments with PayPal Partnership

15/12/2016

JACKSONVILLE, Fla., Dec. 15, 2016FIS (NYSE: FIS), a global leader in financial services technology, and PayPal (NASDAQ: PYPL) have partnered to increase customer engagement and drive incremental digital spend with FIS’ banking partners.

Together, the companies will make it easy for consumers who bank with FIS clients to link a payment card or other financial account to a new or existing PayPal account, and simply display the financial institution’s brand within PayPal. The partnership also will allow those financial institution customers to set their default funding source in PayPal, thus increasing their overall digital spend.

“As this year’s record levels of sales on Black Friday and Cyber Monday showed, digital commerce is showing no signs of slowing down,” said Anthony Jabbour, chief operating officer, Banking & Payments, FIS.

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