FIS Enterprise Payment Solution

The FIS enterprise payment solution is a Cloud native payment hub for financial institutions to either host their payment processing themselves or utilize FIS Azure hosting capabilities.

The FIS Open Payment Framework (OPF) consists of common, reusable and configurable services, a comprehensive data model, and choreographed payment business processes. FIS has created pre-packaged applications made up of OPF components to address requirements for specific geographies or payment types or schemes. These product modules are ready-to-use, out-of-the-box applications, that have the benefit of the underlying platform’s flexibility and adaptiveness.

With component-based architecture, OPF is scalable and secure, to adapt to future growth needs and provide the configurability that is essential to fast implementation and product turnaround time.

The solution is ISO 20022 native as the internal data model is based on the ISO 20022 standard

For the operational back-office users, the solution comes with a State-of-the-art GUI for operational tasks (repairs, approvals, etc.), system administration and configuration.

One of the major advantages of adopting a product approach is where FIS will cater for scheme-, country- and regional regulations’ compliancy of the solution.