The new agreement extends the partnership with FIS to include core processing, mobile financial services, online bill payment, trust services and EFT processing.
BMO Harris uses the FIS core banking platform to process accounts. Through the new maintenance and managed services agreement, FIS is set to provide back-end processing and system management services.
In recent news, US banking and payments technology company FIS has launched a payments network dubbed PayNet for domestic and international money transfers for both retail and commercial trade.
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