Globally, FIS has offered Tier 1 and Tier 2 bank customers a technology hub to manage multiple payment networks for more than a decade. It calls the cloud-based platform Open Payment Framework. Part of that capability came from the 2014 acquisition of cross-border payment provider Clear2Pay.

Inside the US, FIS has just launched the Money Movement Hub to give midsized and smaller financial institutions access to multiple payment networks. The technology has been built from scratch.

The Money Movement Hub is a cloud-based turnkey service that can be implemented in 30 days. Thr...