Affirm has partnered with FIS to provide integrated Buy Now, Pay Later (BNPL) capabilities directly to debit card issuers. This collaboration will enable FIS debit processing bank clients to seamlessly incorporate Affirm’s pay-over-time options into their existing debit card programs via digital banking and mobile app platforms.
Through this arrangement, participating FIS debit processing banks can offer eligible customers biweekly and monthly payment plans using their debit cards. Furthermore, these banks will gain access to merchant-funded financing offers—including 0% APRs, extended payment terms, and higher credit limits—from over 335,000 Affirm merchant partners for their debit cardholders. Affirm will handle the underwriting and servicing aspects of these offerings.
Jim Johnson, co-president of banking solutions at FIS, stated, “This new program will provide Affirm’s advanced technology, flexible payment options, and extensive merchant network to our banking clients, enabling them to meet customer needs while offering more competitive and differentiated services through their own channels.”
Wayne Pommen, chief revenue officer at Affirm, emphasized, “Millions of consumers prefer using a debit card from their trusted financial institution, and we believe they should have easy access to excellent credit options using their preferred payment method. This partnership with FIS marks the first time we are extending Affirm’s proprietary underwriting technology and comprehensive pay-over-time solutions to third-party issuers.”