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Seeking Alpha 2022-08-25 13:24:13

Fidelity National Information introduces central payment solution, CBDC virtual test site

Fidelity National Information Services (NYSE:FIS) on Thursday has rolled out RealNet Central, its central infrastructure payment solution that will connect counties' businesses, consumers, financial institutions and government entities to real-time networks to move money faster.The launch comes as a slew of nations repurpose their corporate real-time gross settlement services in a push for instant payments, including the U.K., Brazil, Japan, South Africa and Mexico. In addition to helping central banks to transform their markets to real-time payment economies, Fidelity National Information (FIS) will assist central banks with rolling out central bank digital currencies, a digital form of a country's fiat currency such as the U.S. dollar, its via CBDC Virtual Lab.Specifically, the CBDC Virtual Lab enables central banks as well as financial institutions to experiment with core concepts of issuance, transfer, redemption, offline payments, programmable payments, and cross-border payments, the company said. It supports more than 1M transactions per second at less than a second latency. In April, Fidelity National Information Services to bring crypto services to capital markets.

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