FIS launches Smart Basket, a checkout solution that uses real-time, item-level intelligence to optimize payment methods, rewards, and savings for each purchase.
The platform blends FIS’ payments, loyalty, and spend technologies to give shoppers granular payment choices, including HSAs, and help merchants reduce costs while boosting loyalty.
The launch positions FIS in the agentic AI payments race, turning checkout into a proactive decision engine that anticipates consumer needs and personalizes outcomes.
Fintech giant FIS announced its latest planned launch, Smart Basket, this week. The new tool aims to enhance the payment experience at checkout with real-time, item-level adjudication.
The new transaction gateway analyzes an individual’s shopping behavior and applies optimal rewards and payment methods at checkout. The proactive, automated approach helps shoppers save money and earn rewards while increasing brand loyalty for the merchant.
The solution combines FIS’ real-time payments gateway, its loyalty platform, and its filtered spend technologies to differentiate its payment network. Notably, Smart Basket will allow shoppers to select which payment method to use for each individual item they are purchasing. In addition to using traditional debit, credit, and prepaid cards, Smart Basket will allow flexible healthcare spending accounts to be used as payment methods. FIS anticipates that this will lower payment costs while enabling customized loyalty and rewards programs at highly targeted levels.
“Smart Basket represents a significant leap forward in how money can be moved and put to work during the search and shopping experience,” said FIS President Jim Johnson. “By leveraging real-time, item-level intelligence, Smart Basket is seeking to deliver personalized value and frictionless savings to consumers while providing retailers and brands with increased sales and insights they need to optimize their strategies. This will be a game-changer for the industry, and we are excited to bring more value to buyers, sellers, and brands wherever money flows.”
Launching Smart Basket positions FIS within the emerging agentic AI payments landscape. In the past few months we’ve seen a handful of big tech and fintech companies, including Walmart, OpenAI, Google, and Splitit, launch payments capabilities that transform payments into an embedded capability rather than a separate checkout destination.
By leveraging real-time, item-level data to make proactive decisions about payment methods, loyalty redemptions, and savings opportunities, Smart Basket will optimize the checkout experience from a passive endpoint into a dynamic, automated decision engine. This shift aligns with growing consumer expectations around seamless, smart payments that anticipate needs, maximize value, and personalize outcomes.
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