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USALLIANCE Financial taps FIS to modernize its portfolio of card offerings

By Pavithra R

June 25, 2021

  • USA
  • Usalliance
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USALLIANCE Financial taps FIS to modernize its portfolio of card offeringsFinancial service technology provider FIS has announced that NY-based USALLIANCE Financial has selected its Payments One platform to streamline and modernize the credit union’s portfolio of credit and debit card digital payment offerings for its members.

Founded in 1966, USALLIANCE is a full-service Federal Credit Union that manages more than $2bn assets for more than 125,000 members. Known as a leader in providing innovative new digital services to its members, the CU was looking for a proven, integrated payments platform to power its future growth and further differentiate its offerings from competitors, both credit unions, and banks.

“USALLIANCE Financial caters to a tech savvy client-base that tend to be early adopters, and that has always driven our approach towards innovative products and solutions. As we sought to enhance our card offerings to our clients and cardholders, we found the FIS Payments One platform to be unique in the market for its simplicity, flexibility and advanced digital features. With a consolidated payments offering, we can continue to focus on our members’ needs and better compete in a fast-changing market,” said Kevin Randall, EVP at USALLIANCE Financial.

By leveraging FIS Payments One, USALLIANCE will manage its entire portfolio of card processing solutions, loyalty, fraud protection, card production and other payments functionality in a single, end-to-end platform. With increasing consumer shift towards online spending, FIS platform also provides robust digital capabilities as well as highly secure payments technology like tokenization and self-service controls for cardholders.

Built on open application programming interfaces (APIs), FIS Payments One offers clients the flexibility to access third-party applications and services through the FIS Code Connect ecosystem. Additionally, the Payments One platform also provides USALLIANCE with a 360-degree view of credit, debit and ATM card transactions from initiation to authorization and settlement, all managed through a highly secure ecosystem intended to minimize chargebacks and fraud.

“Payments One is built to make payments simpler by giving financial institutions a single platform for all of their card processing with digitally-native capabilities and the tools they need for this new era of digital payments. We are thrilled to be working with a leader in the credit union space like USALLIANCE who will be able to leverage Payments One’s flexible architecture to support customized credit and debit offerings for the communities it serves,” said Bill Hampton, Head of Credit Union Division at FIS.

The partnership will also enable USALLIANCE to tap into FIS’ marketing and advisory services, which gives FIs the ability to create and drive marketing strategies using insights from card portfolio data.

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