Volt bank chooses FIS for mobile and card payments services
Volt Bank, the first of a wave of new digital providers to be granted a banking licence in Australia, has chosen technology and services from FIS to power its mobile and card payment services.
FIS, a provider of financial services technology, will provide Volt Bank with processing services for its credit card and mobile payments products. FIS will also provide solutions for risk and compliance management as well as treasury management.
“We are delighted to be working with Volt Bank and be part of its growth story,” says Raja Gopalakrishnan, executive vice president – banking and payments at FIS. “As a digital bank, Volt Bank is well positioned to meet growing consumer demand in Australia for innovative payment services.”
Luke Bunbury, Deputy CEO at Volt Bank, comments: “We have been working with FIS for several months to create a sophisticated cloud-based platform that brings innovative, consumer-focused payment products to market quickly, safely and efficiently. FIS has a long record of working with financial institutions across the world to digitise their payment operations, and we look forward to continuing to work with the team to create the kind of bank consumers want.”
The new technology from FIS will be a key part of the bank’s overall technology platform, which is cloud-based and fully digital – providing the bank with a highly scalable, cost-effective platform for serving its customers.
