Jerusalem, 21 May, 2025 (TPS-IL) — Fidelity National Information Services (FIS) has partnered with Israeli fintech Kipp to launch a new solution that helps debit card issuers reduce declines caused by insufficient funds. The system lets merchants cover the cost of certain declined transactions, avoiding overdraft fees for consumers. This helps issuers keep customers, recover lost revenue, and improve the payment experience.
Kipp, founded in 2021, enables better collaboration between issuers and merchants and has raised $12.5 million to date.