Fidelity (FIS) Partners with Letskipp to Market Non-Sufficient Funds Authorization Solution
On May 21, Fidelity National Information Services, Inc. (NYSE:FIS) announced a strategic partnership with Letskipp Ltd. to introduce an innovative non-sufficient funds (NSF) authorization solution for its debit clients.
A businessman at a smart POS terminal, demonstrating contactless payment methods.
Fidelity National Information Services, Inc. (NYSE:FIS) is a leading international financial technology company providing a range of services for financial institutions, businesses, and developers. Letskipp Ltd. operates a platform facilitating collaboration between card issuers and merchants.
Together, the two companies aim to solve the 'insufficient funds' issue, which is a leading cause of card declines at the point of sale. The partnership will introduce the first-ever non-sufficient funds (NFS) authorization, which will allow issuers to approve transactions even when the customer's available balance is insufficient, without charging overdraft fees to consumers. Merchants can choose to voluntarily pay a premium to authorize these NSF transactions. This not only removes friction from the payment process but also creates a new revenue stream for issuers.
Jim Johnson, co-president, Banking Solutions, at Fidelity National Information Services, Inc. (NYSE:FIS) said:
'As money moves between merchants, companies, financial institutions and card issuers, every transfer should be timely and seamless. This partnership underscores FIS's commitment to helping our clients unlock new revenue streams and deliver smooth payment experiences.'
While we acknowledge the potential of FIS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FIS and that has 100x upside potential, check out our report about the .
READ NEXT: and .
Disclosure: None
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
33 minutes ago
- Yahoo
Downtown Greenville bar closed for renovations sets reopening date
GREENVILLE, S.C. (WSPA) – A downtown Greenville bar that was temporarily closed for renovations has announced the date for its grand reopening. City Tavern, located at 128 North Main Street, previously announced that the bar would close following St. Patrick's Day. The slushy bar posted on its Facebook page Sunday that the establishment will return on Monday, June 23. The Facebook post also mentioned a few upgrades the baby blue building received, such as a fully renovated space inside and out, a brand-new full-service lunch & dinner menu, an open-air concept with retractable doors and 11 TVs. Renovation plans were executed with assistance from the Facade Improvement Program. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
an hour ago
- Yahoo
Pet Supplies Plus and Wag N' Wash Report Double Digit Mid-Year Growth Amid Record Industry Highs
Pet Retail Brands Capitalize on Momentum as Pet and Franchise Industries Surge in 2025 CEO Chris Rowland Appointed to the Board of Franchise Group, Inc. to Support Continuous Success The Franchise Brands Further Position as Industry Leaders with Strong Growth and Positive Cash Flow LIVONIA, Mich., June 9, 2025 /PRNewswire/ -- With the franchise industry expected to generate $936.4 billion in economic output this year, pet retail franchise leaders Pet Supplies Plus and Wag N' Wash are capitalizing on the record-setting momentum with double-digit growth through the first half of 2025. The two brands have secured 15 new franchise agreements so far and are on track to open more than 25 stores in 2025, with a goal of selling 35 locations by year's end. The success of Pet Supplies Plus continues to earn national recognition. So far this year, the brand was ranked the #1 Pet Franchise in Entrepreneur's Franchise 500® for the 11th consecutive year, claimed the top spot in the publication's "Best of the Best" list, and secured #9 on its "Top Brands for Multi-Unit Owners" ranking. Additionally, Pet Supplies Plus was named to Forbes' prestigious "Best Customer Service" list for the second year in a row, outranking competitors and reinforcing its commitment to exceptional service. "The first half of 2025 has been incredibly successful and speaks to the strength of both Pet Supplies Plus and Wag N' Wash," said Nick Russo, Chief Development Officer of Pet Supplies Plus and Wag N' Wash. "Our rapid franchise growth and national recognition as top brands – not just in pet retail, but across franchising – demonstrate the power of our systems and our core mission of making pet services affordable and accessible. As interest in pet retail franchising continues to grow, both brands are well-positioned for an even stronger second half of the year." The pet industry is thriving alongside franchising in 2025. Over 94 million U.S. households now own at least one pet, up from 82 million in 2023. Despite ongoing economic uncertainty and high inflation, 77% of U.S. pet owners say the economy has not affected their pet ownership, emphasizing a continued commitment to keeping pets healthy, safe, and comfortable. As consumer spending in the pet category rises year over year, both Pet Supplies Plus and Wag N' Wash present strong opportunities for growth-minded franchisees. In a notable development that underscores Pet Supplies Plus and Wag N' Wash's influence within the larger retail space, Pet Supplies Plus CEO Chris Rowland was recently appointed to the board of Fusion Parent, LLC which is the successor parent to Franchise Group, Inc. His leadership and perspective will help shape the strategic direction of the organization and support their long-term growth. "Our team continues to build on a legacy of trust and consistency that resonates with both franchisees and pet parents," shared Rowland. "Looking ahead, we are more energized than ever. Our focus remains on strategic expansion, strong franchisee support, and maintaining the neighbor-first experience that truly sets us apart in a competitive market." Both Pet Supplies Plus and Wag N' Wash are actively seeking single and multi-unit owners to join their growing families. To learn more about the Pet Supplies Plus franchise opportunity, visit To learn more about the Wag N' Wash franchise opportunity, visit About Pet Supplies PlusPet Supplies Plus, a subsidiary of Franchise Group, Inc., is focused on making it easier to get better products and services for your pet. With over 725 locations and counting, the stores have a streamlined design making it easy to navigate a wide assortment of natural pet foods, goods, and services. Additionally, provides neighbors with additional shopping options to better meet their pet-shopping needs. Headquartered in Livonia, Michigan, Pet Supplies Plus ranked No. 20 in Entrepreneur's Annual Franchise 500® list and No. 33 on Forbes' list of 'Best Customer Service' brands in 2025. For more information on Pet Supplies Plus franchise opportunities, visit About Wag N' WashWag N' Wash Natural Pet Food & Grooming, a full-line dog grooming and self-wash specialty retail destination, has a mission to recognize, promote and foster the positive impact that companion pets and their humans have on each other. Wag N' Wash provides full-service grooming, self-wash facilities, baked dog treats, natural food, supplements, and toys. Wag N' Wash has ranked on Denver Business Journal's Colorado-Based Franchisors List, Franchise Times' Top 200+ List and Franchise Gator's Top 100 Franchisees List. Today, there are 27 Wag N' Wash locations open across the nation. To learn more about Wag N' Wash, please visit Media Contact: Ethan Gutstein, Fishman Public Relations, egutstein@ or 847.945.1300 View original content to download multimedia: SOURCE Pet Supplies Plus and Wag N' Wash Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Jefferies sees upside for Oracle stock on strong RPO momentum
-- Jefferies analysts maintained a Buy rating on Oracle (NYSE:ORCL) in a note Monday, raising their price target for the stock to $200 from $190 a share. The firm told investors that it is seeing "more upside on RPO momentum" despite the stock lagging peers year-to-date. Their proprietary survey suggests "F4Q demand was stable, though C2H25 expectations were impacted by macro." Jefferies highlights that "RPO growth has been a bright spot for ORCL over the last four quarters," with expectations of "stronger seasonal bookings in F4Q (St at 40% growth or $137B)." Importantly, the analysts note that "upside to backlog & revenue from Stargate has not yet been included in guidance." They note that Oracle anticipates component delays slowing cloud capacity expansion to ease in F1Q26, which should support "greater than 50% IaaS growth in FY25 and drive 'likely a lot faster' growth in FY26." While Oracle currently trades at a premium 31x CY26 P/E, Jefferies believes there is "room for the stock to grind higher if backlog growth starts to translate into revenue growth." Their survey of Oracle partners indicated that 65% "either hit or exceeded their plans in F4Q," and 45% cited "q/q pipeline improvement." However, 60% of partners noted "OCI capacity constraints in F4Q," and partners expect "modest macro headwinds to both growth and pipelines." Jefferies concludes that they "continue to favor ORCL through 2H25 given leading indicators that point to an inflection in both OCI and backlog over the next few quarters as power capacity grows, capacity constraints ease, and Stargate gets embedded into numbers." Related articles Jefferies sees upside for Oracle stock on strong RPO momentum Tata Motors plans $4.1 billion investment in new models, EV production Goldman Sachs downgrades Mobileye on limited market share, competitive pressure Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
