As part of the 12-week program, we will work closely with FIS experts and executives, gaining invaluable mentorship and access to potential customers and partners. Alongside eight other selected companies, we will refine our product strategy, strengthen our value proposition, and position ourselves for significant scalability and growth.

Kipp’s solution empowers issuers to approve more debit transactions that exceed account balances and extend overdraft facilities by partnering with a diverse range of merchants willing to pay a premium for each approval. This innovative model allows issuers to manage overdraft risk  on a per-transaction basis without adjusting the cardholder’s standard overdraft limit, while also enhancing customer loyalty by enabling cardholders to complete purchases and keeping them engaged with the brand. With no obligation to approve future transactions, issuers can maintain their debit risk controls, generate additional revenue, reduce declines and meet authorization rate KPIs.

Kipp’s selection for the 2024 FIS Accelerator Program  allows us to work alongside industry leaders to advance fintech innovation. We are grateful to FIS for their trust and support in our journey.

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Being part of this 6-month journey, we will gain access to Mastercard’s global network of banks, merchants, partners, and digital players. This is a phenomenal opportunity to scale our business and enhance our mission of helping card issuers and merchants collaborate on real-time transaction authorizations.

Stay tuned as we start on this incredible journey, aiming to transform the payment landscape and create seamless experiences for merchants and card issuers.

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Held on October 4, the PAY360 Awards stands as a testament to the innovative spirit and collaborative ethos of the payments industry. Every year, the event shines a spotlight on those companies pushing the boundaries and introducing groundbreaking advances. For over a decade and a half, the awards have not only been a recognition platform but also an incredible networking opportunity. With a massive turnout of over 950 senior executives from various sectors of the payments value chain, it is the ideal place for businesses to not only showcase their achievements but also to engage with the industry’s finest minds.

Kipp’s victory is a reflection of its commitment to excellence. The Kipp platform stands out as an ingeniously simple yet effective solution that addresses the intertwined needs of issuers and merchants. By capitalizing on data enrichment and a solid risk management framework, Kipp ensures that the cost of risk is divided between merchants and banks. This approach motivates issuers to greenlight more legitimate transactions, which benefits all parties involved.

For those interested, the complete list of winners can be viewed here.

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