Use FIS’s FIS to confirm your partner immediately and pay for your debit card later | Real Time Headlines

confirman online lender founded by Max Levchin exceeded credit and entered the debit market with a card four years ago that allows users to pay over time. Now, the company makes it possible for banks to provide the service to their customers.

It is definitely the purchase now, and the payment later business (BNPL) has cooperated with it FIS In a transaction that allows fintech companies to provide paid services to their banking clients and their millions of individual clients.

Any bank that works with FIS will be able to offer its own version of the confirmation card, which will be launched in 2021 without requiring customers to adopt new plastic. Consumers can access confirmed biweekly and monthly installment plans and automatically deduct the money from their checking accounts.

According to the Atlanta Federal Reserve Bank, there are about 230 million debit card users in the United States. Traditionally, BNPL services are related to credit cards or standalone financing products, not to debit products.

“Today’s consumers are looking for innovative and user-friendly experiences that give them flexibility and control over their money,” Jim Johnson, co-president of FIS’s banking solutions, said in a press release. Confirmation can help, he said Banks “providing more competitive and differentiated services through their own banking channels.”

There are more than 335,000 merchants in the confirmed network, ranging from travel booking sites and concert ticket providers to jewelry stores and electronics providers. By bringing BNPL to the debit world, confirmation aims to provide consumers with more credit alternatives.

In it Income Report Last week, the confirmation report said quarterly revenue was better than expected and received surprises from the holiday period. The stock soared 22% after the announcement.

The confirmed active consumption base is 23% year-on-year with 21 million users. Confirmation card now It has 1.7 million active users, an increase of more than 136% over the same period last year. The number of cards has increased by more than doubled.

In Junesure with Apple Announced plan For Apple paid users in the United States, users on iPhone and iPad can apply for loans directly through confirmation.

watch: Paypal stocks fell 12% as card processing slowed down despite lower revenue