The prepaid card has been introduced for consumers who travel abroad and to serve as an alternative to traveling with cash, credit cards or traditional traveler’s checks.
FIS EFT Solutions senior vice president Brad Potter said that EMV chip technology is at the forefront of secure card-based transactions.
"While the payments industry continues to prepare for EMV technology over the next few years, cardholders who wish to travel abroad have an immediate need for EMV payment cards. The new FIS Travel EMV Card enables any financial institution in the U.S. to serve the needs of their customers quickly and for an extremely low cost," Potter said.
The card is fitted with the latest in EMV chip technology and a magnetic stripe, and are safe, easy to use and accepted worldwide, claims FIS.
FIS operates it businesses across 100 geographies across the globe and serves more than 14,000 institutions.
