Developers at Fidelity National Information Services say the speed and open nature the bank technology provider's latest product will promote greater adoption of person-to-person payments.

FIS People Pay is a bank-branded P2P platform that utilizes the Jacksonville, Fla.-based company's PayNet payment network to process transactions. The multichannel network connects to banks' core systems to provide a direct link to deposit accounts and facilitate real-time funds transfers.

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