Post on 08-Feb-2022
Contactless
Payment Cards
ICBA Bancard & FIS Enablement
Campaign
Agenda:
Product Value & Market Overview
Enablement Program Overview
Q&A
Contactless: U.S. Issuance – Growing Rapidly
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“Visa CEO Predicts 100 Million Contactless Cards in a
Year”
“Take it easy with American Express® contactless
You can make contactless payments using your American
Express Card.”
“Finally: Contactless Payments Coming to NYC
Subway and Buses in 2019”
“Chase, once a contactless pioneer,
commits again to NFC issuance”
Contactless Acceptance - U.S.
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Transactions Occurring @ Contactless Enabled Merchants
60%70%
Merchant Locations Capable of Contactless Transactions
99%
New Terminals Shipped as Contactless Capable
Secure Technology Alliance - Contactless Payments: Issuer Benefits and Implementation Considerations. June 2018
1. VisaNet data, 2017-2019 2. Visa estimate, Visa Inc. Q1 2019 Earnings Call 3. Visa analysis
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What is a contactless payment & How it Works
Contactless Card Opportunity – U.S.
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Cardholder & Merchant Experience
Lift & Cash Displacement
Bridge to Mobile
Frictionless
Fast
Increase in transaction volume
Effective at converting
cash transactions
Cards are familiar & trusted
Train/educate the consumer on
contactless payments
Contactless Cards – A WIN for All Stakeholders
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Merchant Cardholder Issuer
Faster
Checkout
Frictionless
cardholder experience
Lift in transactions/cash displacement
Br idge to/from Mobi le
Contactless is proven technology that is implemented worldwide
Program Overview
Act Now & Take Advantage of this Opportunity
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• Significant Cost Savings on Implementation
services of at least 90% of the standard
project costs ($1,385 vs. $20,000)
• Early Adoption and Market Leadership
• Reduced Risk of falling behind your
competition
• Expedited Enablement implementation
services
• Represents Growth potential
• Empowerment to proven ability to gain top of
wallet status and increase transaction share
Contactless EMV Enablement Two Steps
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Readiness
• FIS has undergone s igni f icant ef fort to ensure our bus iness i s ready to support c l ient migrat ion to Contact less EMV
• I n c l u d e s S ta g i n g o f n et w o r k p a p e r w o r k , syste m p a ra m eters , a n d p r o f i l e c e r t i f i cat i on
• ICBA Bancard has agreed to provide funding for Readiness ! Current ly, the promotion is va l id for Visa issuers only, but c l ients qual i fy i f they issue both Visa and MasterCard.
Enablement
• Readiness funding and special pr ic ing are cont ingent upon opt ing in
• Cl ients wi l l have unt i l APRIL 5 TH to opt in for Enablement
• Enablement Inc ludes providing info needed to for F IS to complete network paperwork and make necessary conf iguration changes on your behalf
• Enablement Fee of $1,385 is bi l led per bank per p lat form and is b i l led upon completion of enablement steps, not upon opt ing in
&
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What are the Expectations for Readiness and Enablement?
FIS Responsibilities
• Preparations for Platform readiness and network paperwork
• Partner with networks (Visa) as implementation facilitators
• Quality assurance review of all submitted materials when applicable
• Provide clients with a welcome email with helpful information
• Client communication and support
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What are the Expectations for our Banks for Readiness & Enablement?
Bank Responsibilities
• Read all communications and take action on required tasks
• Make a choice to Opt into the Program by APRIL 5, 2019
• Navigate to DocuSign Opt-In Link to agree to Enablement work in 2019
– Fill out a project contact form for your ICBA Bancard program (Credit Only, Debit Only, or Credit and Debit) and provide the appropriate liaison for the program
• Provide all necessary information and submit all appropriate collateral or questionnaires
• Complete the Enablement steps by SEPTEMBER 30, 2019
• Pay the Enablement Fee upon completion of Enablement Steps
• Once fully enabled, work with your dedicated Client Relations team member when you are ready to start issuing Contactless cards
• For all program related questions:
– Attend regularly scheduled webinars
– Once the enablement contract is received, the FIS Implementation team will provide an email address to that client for questions related to the enablement
activities
– Contact your dedicated Client Relationship team member
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ICBA Bancard & FIS Contactless Enablement Campaign
Q & A
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ICBA Bancard & FIS Contactless Enablement Campaign
Thank You