FIS Powers Instant Rewards Redemption for Eligible Bilt Members

Core Insights - Fidelity National Information Services, Inc. (FIS) has launched its Premium Payback solution, which allows real-time rewards redemption for Bilt, a payments and commerce network that turns everyday housing expenses into rewards [1][3] Group 1: Premium Payback Solution - FIS' Premium Payback connects card issuers and merchants, enabling consumers to redeem loyalty points at the point of sale, enhancing the checkout experience and increasing cardholder engagement [2][3] - Bilt Mastercard holders will be the first to utilize Bilt Points at checkout, with plans to extend this feature to all eligible members by Q3 2025 [3] Group 2: Market Trends and Consumer Behavior - U.S. consumers are increasingly attracted to loyalty programs, with 76% willing to spend more with brands offering such programs, indicating a growing market for FIS' Loyalty business [4] - Outdated systems can hinder point redemption, creating opportunities for FIS to advance financial technologies that facilitate fund transfers among banks, consumers, and businesses [4] Group 3: Financial Performance and Strategy - The adoption of the Premium Payback solution is expected to boost revenues in FIS' Banking Solutions segment, which saw a 2.2% year-over-year revenue increase in 2024 [5] - FIS is committed to innovation through investments in technology, software enhancements, and strategic acquisitions, allowing for a broader range of offerings to clients [6] Group 4: Partnerships and New Solutions - FIS collaborates with various organizations to provide integrated solutions, recently launching the Securities Finance Matching Platform in the U.S. to enhance securities financing for broker-dealers [7] Group 5: Stock Performance - FIS shares have increased by 7% over the past month, outperforming the industry average decline of 1.8% [8]