FIS Delivers Real-Time Transaction Clarity to Debit Cardholders

FIS Delivers Real-Time Transaction Clarity to Debit Cardholders

* FIS has integrated data and AI platform Spade's real-time transaction enrichment technology into its strategic debit processing platforms, connecting transactions to an enriched merchant identity drawn from a database which, according to Spade, covers 99.9% of U.S. and Canadian businesses. * FIS debit issuing clients can now surface more accurate merchant names, location data, and transaction details on cardholder statements, potentially reducing unnecessary disputes and delivering a more transparent payment experience. * FIS debit issuing clients gain access to enriched merchant data at the transaction level to better enable authorization decisions, dispute management and mitigation, and personalized cardholder experiences. FIS® (NYSE: FIS), a global leader in financial technology, today announced the integration of Spade’s real-time transaction enrichment technology into FIS's debit processing platform. The integration is designed to give FIS debit issuing clients access to richer, more precise merchant data at the transaction level and to help ensure cardholder statements reflect clearer, more recognizable merchant names. The designed result is to reduce unnecessary disputes, enable stronger authorization decisions, and facilitate a more transparent payment experience for cardholders.