03/21/2022
Citizens Announces Agreement to Process U.S. Crypto Transactions for Worldpay from FIS Clients
PROVIDENCE, R.I. – Citizens Financial Group (NYSE: CFG) has expanded its partnership with financial technology firm FIS® (NYSE: FIS) to allow Worldpay from FIS (“Worldpay”) to process Card-to-Crypto® transactions for leading digital asset companies – including crypto exchanges, wallets and brokers – in the United States.
The new agreement allows customers of crypto companies, who are in turn Worldpay clients, to use their Visa or Mastercard credit or debit cards to seamlessly purchase cryptocurrency, NFTs, and other digital assets.
For cryptocurrency and other digital asset companies, the expanded partnership between Worldpay and Citizens will provide a scalable, enterprise-grade payment processing solution in the large and rapidly growing U.S. market. Worldpay currently serves seven of the top 10 cryptocurrency exchanges, several of whom operate in the U.S.
“This initiative demonstrates Citizens’ innovative approach and commitment to serving our clients’ needs,” said Michael Cummins, head of Treasury Solutions at Citizens.
“Citizens is a key FIS partner that is once again demonstrating its commitment to client service and innovation,” said Michelle Young, GM, Head of Merchant Solutions for Financial Institutions. “Interest in cryptocurrencies has never been greater, and this expanded partnership will create a more reliable purchase experience for consumers across the country.”
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $188.4 billion in assets as of December 31, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 940 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
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