FIS Enables Neural Payments P2P Solution via NYCE Debit Rails

FIS announced on August 15, 2024 that it has leveraged its scale and NYCE debit network to enable Neural Payments' peer-to-peer payment solution within digital banking applications. The integration allows bank customers to send and receive P2P transfers using multiple rails including debit cards, mobile wallets, FedNow, and RTP, all without leaving their banking app or relying on third-party payment services. Neural Payments provides the P2P technology layer while FIS contributes its NYCE debit network infrastructure and broad bank distribution.

The solution is designed to help financial institutions compete with standalone P2P apps by embedding real-time payment capabilities directly into their digital banking experiences. This partnership reflects the broader trend of banks seeking to retain payment flows within their own ecosystems. Financial terms of the arrangement were not disclosed.