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Payments General

Fifth Third chooses FIS for real-time payments

Monday 11 December 2017 | 10:08 AM CET

FIS has announced that Fifth Third Bank has selected the processor to enable real-time payments for its customers through The Clearing House\'s RTP.

The bank is expected to go live with RTP in early 2018. The system will enable consumers and businesses in the US to send and receive payments instantly.

In early 2017, FIS launched its Real-Time Payments Incubator service, aimed at helping US financial institutions accelerate the path to real-time payments by lowering their cost of entry for connecting to The Clearing House RTP.

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