FIS integrates with data and AI platform Spade's real-time transaction enrichment technology
What's happening
FIS has integrated Spade's real-time transaction enrichment technology into its debit processing platform to give debit-issuing clients richer merchant data. The integration matches debit transactions with Spade's enriched merchant profiles, which Spade says covers 99.9% of businesses across the US and Canada, and is intended to reduce avoidable cardholder disputes and give customers greater clarity over transactions. FIS announced the move as a way to deliver more precise merchant data to its debit issuing customers via the debit processing platform.
Why it's trending
Payment processors and banks are under pressure to cut disputes and improve post-transaction clarity, so real-time enrichment is being embedded now to address that need.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
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If your card statement looks like a mystery, here's how FIS and Spade want to fix it today: real-time merchant enrichment that tags debit transactions with precise merchant profiles so you see who charged you and why.
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Original sources5
- FIS Teams With Spade to Bring Clarity to Debit Transactions
FIS says it has a new way to offer debit-issuing clients better merchant data. That’s possible due to a new integration marrying Spade’s real-time enrichment technology into FIS’ debit processing platform, the company announced Monday (Sept. 28). “The integration is designed to give FIS debit issuing clients access to richer, more precise merchant data at […] The post FIS Teams With Spade to
PYMNTSSep 28 - FIS embeds Spade data to improve debit transactions
FIS is integrating real-time merchant data from FinTech Spade into its debit processing platforms as it looks to reduce avoidable cardholder disputes and give customers greater clarity over transactions. The integration matches debit transactions with enriched merchant profiles from Spade’s database, which the company says covers 99.9% of businesses across the US and Canada. FIS […] Th
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FinTech GlobalSep 28
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