FIS Partners with The Clearing House to Bring Real-Time Payments to U.S. Financial Institutions 

FIS Partners with The Clearing House to Bring Real-Time Payments to U.S. Financial Institutions

St. Louis, MO-based First Bank, one of the largest privately-owned banks in the U.S., and Nano Banc,
a relationship-based bank headquartered in Irvine, CA, are among the first FIS core banking clients to
begin real-time payments through the FIS managed service.

“First Bank prides ourselves on being on the forefront of technologies that can have a positive impact
in the lives and businesses of our customers,” said Ajay Kothuri, Assistant Vice President and Product
Management Officer at First Bank. “What attracted us to the FIS real-time payments managed service
was the ability to accelerate our connection to the RTP network while reducing costs and complexity.
As our volume of real-time payments grow, we can easily scale to meet the growing demand.”

“As an organization that prides itself on using technology to deliver unique and satisfying customer
experiences, Nano Banc wanted to be ahead of the curve in terms of delivering instant payments to
our account holders and community businesses since inception,” said Mark Troncale, President at
Nano Banc. “The real-time payments managed service from FIS allowed us to connect to the RTP
network much faster than before. And with FIS hosting this service, we can be confident that we will
always be utilizing the most current real-time payments technologies for the benefit of our clients.”
“As a long-time partner with The Clearing House, we are excited to see the RTP network continue to
grow and to be working with banks across the United States to take advantage of the speed, power
and scalability of real-time payments,” said Royal Cole, EVP, Head of Financial Institutions Payment
Solutions, at FIS. “We’ve designed our new managed service to ease the process of connecting to this
emerging platform for small-to-mid-sized banks and credit unions that lack the resources of their larger

“We are excited to be working with FIS to bring the benefits of real-time payments to their financial
institution customers,” said Steve Ledford, Senior Vice President of Product Development and
Strategy at The Clearing House. “We are also delighted to welcome First Bank and Nano Bank to the
real-time payments revolution on the RTP network, which is built to provide real-time payments
capabilities to financial institutions of all sizes.”

About FIS

FIS is a leading provider of technology solutions for merchants, banks and capital markets firms
globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and
invests by applying our scale, deep expertise and data-driven insights. We help our clients use
technology in innovative ways to solve business-critical challenges and deliver superior experiences
for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a
member of Standard & Poor’s 500® Index. To learn more, visit Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).

Kim Snider, +1 904.438.6278

9.23.20 – Business Wire

Categories (tags):