The new platform is available in the US and will be followed by the UK and Europe
FIS has announced RealNet, a new cloud-based SaaS platform that will enable account-to-account (A2A) transactions for businesses, consumers, and governments over real-time payment networks.
The FIS RealNet platform is expected to make it easier for organizations to send, receive and accept payments, whether they are engaging with a consumer or business, or with their own employees.
The platform functions as a “network of networks,” utilizing a full range of existing domestic and cross-border payment rails to simplify and speed up the processing, clearing, and settlement of payments.
As a cloud-based, SaaS platform, RealNet will utilize APIs to integrate with other FIS core banking and payments solutions.
We’ve reported that Stripe announced the acquisition of a business sales tax platform.