FIS and Oracle Partner to Revolutionize Utility Billing

Author

Slice of Finance Team
18 Nov

Key Highlights:

  • FIS BillerIQ now runs on Oracle Cloud Infrastructure (OCI) for secure, end-to-end billing and payment solutions.

  • Enhanced digital payment options including ACH, credit, debit, Realtime Pay, and e-wallets.

  • Efficient and secure financial workflows, reducing reliance on costly paper checks.

  • Seamless integration with utility management systems for electricity, gas, and water industries.

  • OCI’s unmatched performance and security boost operational efficiency and customer satisfaction.

Source: Business Wire

Notable Quotes:

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“Collaborating with Oracle, we’re aiming to digitize the sector, offering greater customer convenience in bill payments while helping utility companies stay competitive.”

Seamus Smith, Group President of Global Automated Finance at FIS
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“FIS chose Oracle Cloud Infrastructure for its superior price-performance, global reach, and non-blocking networks.”

Mark Hura, Executive Vice President, North America Cloud Infrastructure at Oracle

Our Take:

This partnership between FIS and Oracle marks a pivotal step in modernizing the utility billing and payment landscape. By leveraging the advanced capabilities of Oracle Cloud Infrastructure, FIS BillerIQ offers a secure, flexible, and efficient solution that directly addresses the industry's reliance on traditional payment methods. This collaboration is a win for utility companies seeking to remain competitive while enhancing customer satisfaction with digital-first payment experiences. As the sector embraces digitization, this initiative aligns perfectly with evolving consumer expectations and industry demands for security, efficiency, and scalability.