FIS TRAX PAYMENT FACTORY Fidelity National Information Services, Inc. 1968 Jacksonville, USA Public Global Cash Management / Treasury Payments / Operational Payments / Risk and Control Company description FIS is a global leader in financial services technology. FIS serves more than 20,000 clients in over 130 countries. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. Product description FIS Trax Payment Factory helps corporations automate and centralise payments processing across all regions, affording improved visibility of Cash Flows, better liquidity management and significant reduction of operational and transactional costs. Automating the payments process enables organisations to improve effectiveness of internal controls, streamline compliance efforts, improve transaction accuracy and virtually eliminate the possibility for fraudulent activities. FIS offers a fully managed solution providing direct or indirect connectivity (SWIFT, EBICS, BACS or other exchanges) through a single platform approach. Functionalities FIS recommends standardisation of the payment formats exchanged with banks and recommends ISO20022 XML UPDATES & TRENDS 43 formats for mass payments and SWIFT MT101 for unitary payments. Trax supports a large number of payment and statement formats out of the box (appr. 85). Other functionalities include: File Conversion – manage format enrichment and transformation of data provided by ERP according to banks specifications; Very flexible set up of approval rules and support of any digital signature; Payment screening (embargo, white list, fraud detection); Integration of status reporting from banks; Payment Factory and In-House Bank support: optimal routing of payments to the banks, re-grouping payments, cut-off schedules, generation of In-House Bank postings; Embedded dashboard and reporting engine; No volume or user restrictions; Real-time payments. Achievements 2017 TMI Technology and Innovation Awards for Accounts Payable solution; FIS Quantum and Trax customer Merck KGaA received a 2017 TMI Award for Treasury Technology. Scan to go to the website “We first selected FIS’ TRAX solution some years ago now, and we have since reappraised and validated our decision. We remain confident that TRAX fits our payments processing and bank connectivity requirements.” Eric Beranger, Project Manager at Air France. FIS TRAX PAYMENT
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