Another significantly desired convenience is the ability to enter a recipient’s email address or phone number to route a transaction instead of a long series of bank and checking account numbers. Demand for this convenience is particularly strong among younger generations. Fifty-five percent of Gen Y and 43 percent of Gen X consumers stated they would be more likely to use real-time payments if they could transfer funds in this way.In a previous phase of the release of this study’s data, FIS noted that the majority of consumers (55 percent) – including the prime target segments for early adoption of real time – prefer to obtain real-time payment applications and services from the financial institution where they have their primary checking account. “Real-time payments are clearly the future of money movement, according to the consumer demands laid out by our data,” said Anthony Jabbour, EVP, North American Financial Institutions, FIS. “As the research has shown, people trust their financial institutions to bring them real-time payment solutions, but they will use other avenues if their bank can’t meet their needs. For that reason, financial institutions must adapt to keep step with their customers and not fall behind non-bank competitors.” This is the third segment of a three-part series; the first two segments of the study’s findings highlighted opportunities for financial institutions -– from smaller, community banks to larger, major institutions -– to capture real-time business and the consumer behaviors and preferences that make real-time payments a good business decision. The study’s research method was comprised of qualitative research with focus group respondents, including overseas money transfer users, followed by a national quantitative survey with 1,508 adult financial decision makers who conduct their banking electronically as well as interviews with 30 executives in the banking industry. Real-time payments are a key pillar of FIS’ broader global payments vision. FIS is in the process of piloting PayNet TM, the company’s real-time authorization and settlement solution powered by the NYCE ® network. PayNet is currently being integrated into FIS’ broad payments portfolio, including bill pay, EFT, retail solutions, electronic commerce, P2P and mobile payments solutions. About FIS FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 434 on the Fortune 500 and is a member of Standard & Poor’s 500 ® Index. For more information about FIS, visit www.fisglobal.com.