Fidelity National Information Services is working with Circle to enable USDC transaction
The post Fidelity National Information Services is working with Circle to enable USDC transaction appeared on BitcoinEthereumNews.com. Fidelity National Information Services Inc. (FIS) revealed its collaboration with Circle Internet Group Inc. to integrate stablecoin-based transactions for banks and financial firms. FIS hopes to support US banks in enabling their customers to send local and international payments in Circle’s USDC. Himal Makwana, global head of corporate strategy at Jacksonville, Florida-based FIS, said it’s no longer a fringe thing this time— it’s becoming foundational to all parts of financial services. He added that stablecoins are far more developed and focused on addressing real client challenges. FIS will incorporate USDC into its Money Movement Hub The FIS plans to add the USDC to its Money Movement Hub, a tool allowing banks to access a range of payment networks. According to the company, the service will be available before the year’s end. The financial leader will also link its real-time transaction and fraud detection services with Circle’s decentralized infrastructure to streamline the transition to digital assets. Jim Johnson, Co-President, Banking Solutions at FIS, said that their collaboration with Circle demonstrates their commitment to helping financial companies with solutions for innovative tools that speed up transactions, decrease costs, and beef up security. He added that it will also allow clients to offer flexible payment solutions while keeping compliant with regulations. This alliance opens up a broad market for Circle, granting potential reach to financial institutions connected through FIS, which processes $10 trillion worth of transactions annually. Kash Razzaghi, chief business officer at New York-based Circle, argued that this collaboration will enable the growth and distribution of USDC, largely due to FIS’s trusted standing with its customer base. Fiserv Inc. is launching a new stablecoin using Circle and Paxos infrastructure In addition to FIS, Fiserv also partnered with Circle. In June, Fiserv Inc. announced the launch of its stablecoin in collaboration with PayPal…
The post Fidelity National Information Services is working with Circle to enable USDC transaction appeared on BitcoinEthereumNews.com.
Fidelity National Information Services Inc. (FIS) revealed its collaboration with Circle Internet Group Inc. to integrate stablecoin-based transactions for banks and financial firms. FIS hopes to support US banks in enabling their customers to send local and international payments in Circle’s USDC. Himal Makwana, global head of corporate strategy at Jacksonville, Florida-based FIS, said it’s no longer a fringe thing this time— it’s becoming foundational to all parts of financial services. He added that stablecoins are far more developed and focused on addressing real client challenges. FIS will incorporate USDC into its Money Movement Hub The FIS plans to add the USDC to its Money Movement Hub, a tool allowing banks to access a range of payment networks. According to the company, the service will be available before the year’s end. The financial leader will also link its real-time transaction and fraud detection services with Circle’s decentralized infrastructure to streamline the transition to digital assets. Jim Johnson, Co-President, Banking Solutions at FIS, said that their collaboration with Circle demonstrates their commitment to helping financial companies with solutions for innovative tools that speed up transactions, decrease costs, and beef up security. He added that it will also allow clients to offer flexible payment solutions while keeping compliant with regulations. This alliance opens up a broad market for Circle, granting potential reach to financial institutions connected through FIS, which processes $10 trillion worth of transactions annually. Kash Razzaghi, chief business officer at New York-based Circle, argued that this collaboration will enable the growth and distribution of USDC, largely due to FIS’s trusted standing with its customer base. Fiserv Inc. is launching a new stablecoin using Circle and Paxos infrastructure In addition to FIS, Fiserv also partnered with Circle. In June, Fiserv Inc. announced the launch of its stablecoin in collaboration with PayPal…
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