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
34 minutes ago
- Yahoo
Firms launch tools to help shippers measure tariff costs
As shifting tariffs continue to impact global supply chains, Flexport and C.H. Robinson have introduced tools aimed at helping businesses navigate duties impacting international shipments. Flexport, a San Francisco-based global logistics technology company, recently launched the Flexport Tariff Simulator, a tool designed to help businesses estimate landed costs and navigate tariffs in real time. Third party logistics provider C.H. Robinson (Nasdaq: CHRW) has added the U.S. Tariff Impact Analysis tool to its global shipper platform to help businesses assess their overall duty exposure, while providing precise cost analysis of each shipment. Mike Short, president of global forwarding at C.H. Robinson said the tool assesses trade complexities more effectively. 'With this tool a national retailer could identify high-volume stock keeping units coming from one point of origin, then quickly compare total duty spend along various alternative sources — then reroute future supply where needed,' Short said in a news release. Ryan Petersen, Flexport founder and CEO, said their customers have been asking for more clarity on the impact of import tariffs on shipments. 'Our engineering team built the Flexport tariff simulator in response to meet that need in the face of all the uncertainty caused by rapid policy changes,' Petersen said in a news release. 'We want to help merchants avoid expensive surprises.' Flexport's tariff simulator includes an interactive map that allows users to see trade data around the world, including the total value of imports from a given country, the current average duty rate, and the percentage of total U.S. imports coming from that country. The tool is available to the general public at Along with the tariff simulator, Flexport is also launching a searchable catalog of harmonized tariff schedule codes to navigate classification requirements, special duty rates and customs clearance processes. Flexport and C.H. Robinson are not the only firms launching tools to help shippers, logistics professionals and consumers assess the impact of import tariffs. In March, UPS (NYSE: UPS) created an automatic tariff calculator for online shoppers — UPS Global Checkout. The parcel carrier's landed cost calculator allows e-commerce merchants to integrate it into their online stores so customers see the import duties, taxes and fees upfront at checkout. E-commerce platform provider Shopify (Nasdaq: SHOP) launched a tariff calculator in May that helps determine duties and taxes on international shipments. Agtools, a provider of software solutions for the food industry, debuted a tool in February that enables users to calculate import levies across all commodities in real time and create scenarios that will impact supply, merchandising and pricing. The post Firms launch tools to help shippers measure tariff costs appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
34 minutes ago
- Yahoo
Water Quality Reports Available Online for Missouri American Water Customers
Reports show drinking water in all service areas meets quality standards ST. LOUIS, June 10, 2025--(BUSINESS WIRE)--Missouri American Water's most recent Water Quality Reports are now available for all service areas on its website at The company is proud to report that once again, the drinking water provided to the 1.6 million customers across Missouri meets or surpasses both state and federal water quality standards for all regulated substances, including lead. "At Missouri American Water, our mission is to provide safe, clean, reliable, and affordable water to our customers," said Rich Svindland, President, Missouri American Water. "Our annual reports inform customers about their water quality and include details about their water, such as where the water is sourced from and the importance of protecting the watershed." The 2024 annual water quality report, also known as a "consumer confidence report," details the quality of water the company provides to its customers using data collected from water quality testing in its local systems between January and December 2024. It highlights the compounds detected in treated drinking water in comparison to the compliance standards established by the U.S. Environmental Protection Agency (EPA) and Missouri Department of Natural Resources (MoDNR). To enhance education and transparency, the report also includes results of tests conducted on certain unregulated compounds in areas where they are present. Svindland added "We take pride in the work our team does every day to deliver high-quality water. Our water quality reports are one more way we demonstrate our commitment to our customers." Customers can access the Water Quality report specific to their area by visiting the Water Quality tab on Missouri American Water's website and searching for their report by zip code. Printed copies of the report are also available. Customers can request a printed copy of the report by calling our customer service center at 866-430-0820 to request a hard copy of their local report. To learn more about Missouri American Water's commitment to water education, environmental stewardship, and quality service click here. About American Water American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,700 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit and join American Water on LinkedIn, Facebook, X and Instagram. About Missouri American Water Missouri American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.6 million people. For more, visit and follow Missouri American Water on X, Facebook, Instagram, YouTube and LinkedIn. View source version on Contacts Media: Christie BarnhartSenior Manager, External CommunicationsCell: 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
Business Wire
38 minutes ago
- Business Wire
Water Quality Reports Available Online for Missouri American Water Customers
ST. LOUIS--(BUSINESS WIRE)--Missouri American Water's most recent Water Quality Reports are now available for all service areas on its website at The company is proud to report that once again, the drinking water provided to the 1.6 million customers across Missouri meets or surpasses both state and federal water quality standards for all regulated substances, including lead. 'Our annual reports inform customers about their water quality and include details about their water, such as where the water is sourced from and the importance of protecting the watershed.' 'At Missouri American Water, our mission is to provide safe, clean, reliable, and affordable water to our customers,' said Rich Svindland, President, Missouri American Water. 'Our annual reports inform customers about their water quality and include details about their water, such as where the water is sourced from and the importance of protecting the watershed.' The 2024 annual water quality report, also known as a 'consumer confidence report,' details the quality of water the company provides to its customers using data collected from water quality testing in its local systems between January and December 2024. It highlights the compounds detected in treated drinking water in comparison to the compliance standards established by the U.S. Environmental Protection Agency (EPA) and Missouri Department of Natural Resources (MoDNR). To enhance education and transparency, the report also includes results of tests conducted on certain unregulated compounds in areas where they are present. Svindland added 'We take pride in the work our team does every day to deliver high-quality water. Our water quality reports are one more way we demonstrate our commitment to our customers.' Customers can access the Water Quality report specific to their area by visiting the Water Quality tab on Missouri American Water's website and searching for their report by zip code. Printed copies of the report are also available. Customers can request a printed copy of the report by calling our customer service center at 866-430-0820 to request a hard copy of their local report. To learn more about Missouri American Water's commitment to water education, environmental stewardship, and quality service click here. Abou t American Water American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,700 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit and join American Water on LinkedIn, Facebook, X and Instagram.
