• FIS is providing Univision an end-to-end prepaid payment solution, from account setup and management to transaction processing, customer service applications, risk management and reporting services.
• FIS’ prepaid expertise and global scale enable clients to deliver convenient, innovative and cost-effective prepaid payment options to consumers.
Supporting the goal of further expanding its prepaid business, Univision selected FIS™, the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions, to provide a new end-to-end prepaid solution for the Univision MasterCard® Prepaid Card. The move allows the Univision MasterCard Prepaid Card to continue to expand, while upgrading technology and security and continuing its Spanish-language utilization of mobile solutions, including mobile Internet access and SMS texting.
The multiyear deal encompasses multiple aspects of prepaid card operations and technology for the Univision MasterCard Prepaid Card, including core prepaid account processing, ID verification, fraud detection and prevention, dispute processing, mobile and Web hosting services, and portfolio to card level reporting.
“The prepaid marketplace is evolving and clients demand expanded, feature-rich programs that meet their growing needs,” said Anthony Jabbour, EVP, FIS North America. “FIS’ end-to-end prepaid solution and its long history of successful prepaid conversions include everything from seamless account migration to overall program management. FIS’ award-winning prepaid platform provides a client such as Univision an affordable, low-risk conversion experience with a hardened infrastructure to securely power future growth.”
“We are pleased to work with FIS, a leader in the prepaid solutions space, to continue to deliver a safe and easy-to-use, reloadable, reliable prepaid solution to our growing Hispanic customer base,” said Bob Harada, VP/head of Univision Prepaid Card Services. “We look forward to working together.”
A world leader in the prepaid industry, FIS processes more than 200 million prepaid cards and provides robust, end-to-end solutions for the development, processing and administration of prepaid programs.
The Univision MasterCard Prepaid Card is a reloadable prepaid card that was developed from its inception with Hispanic consumer insights. The Card is accepted everywhere Debit MasterCard is accepted worldwide. In addition, cardholders have access to withdraw cash at thousands of ATMs accepting MasterCard plus withdraw for free at any Allpoint® ATMs located at all Targets® and 7-Elevens® nationwide. The Univision MasterCard Prepaid Card is safer than cash, an easier way to pay bills and cheaper to use. The Univision MasterCard Prepaid Card is part of Univision Communications Inc. (UCI), the leading media company serving Hispanic America.
FIS (fisglobal.com) is the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 110 countries. Headquartered in Jacksonville, Fla., FIS employs more than 39,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 426 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.