Tag Archives: FIS

Business, Finance, Occupation & Industry

Centennial Bank Strengthens Its Merchant Relationships with Flexible, Efficient and Profit-driving M

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By Business Wirevia The Motley Fool

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Centennial Bank Strengthens Its Merchant Relationships with Flexible, Efficient and Profit-driving Merchant Services from FIS

Key Facts

  • FIS’ Merchant Services solution allows Centennial Bank to concentrate on banking services while delivering a professional, experienced processing service to its commercial customers.
  • End-to-end system for managing merchant point-of-sale (POS) acquiring allows Centennial Bank to nurture relationships, minimize costs, create efficiencies and grow merchant business.

JACKSONVILLE, Fla.–(BUSINESS WIRE)– FIS™ (NYS: FIS) , the world’s largest provider of banking and payments technology, today announced that Arkansas-based Centennial Bank, a wholly owned subsidiary of Home BancShares, Inc., will deploy FIS’ Merchant Services to support its continued growth in merchant relationships. By deploying the comprehensive suite of products and services with customized credit, debit, check and gift card processing, Centennial Bank will adopt a true end-to-end merchant services solution for managing merchant portfolios while gaining a competitive advantage in the marketplace.

“As a regional bank with deep, long-term community relationships, we need a strong merchant referral partner to focus on servicing commercial accounts,” said Centennial Bank CEO, Randy Sims. “With FIS Merchant Services suite, Centennial Bank can remain steadfastly committed to our loyal retail customers while trusting FIS to deliver direct, personalized service, sales and support to our merchants.”

FIS’ Merchant Services helps financial institutions strengthen merchant relationships through flexible, efficient, easy-to-manage and profitable merchant processing options. FIS provides all aspects of merchant servicing, including terminal support, merchant servicing and institution support, and offers a competitive pricing structure and additional sales functions to supplement a bank’s sales efforts.

“FIS’ personalized service and comprehensive technologies provide financial institutions with the ability to achieve their strategic business goals of driving revenue while mitigating risk,” said Jim Johnson, senior vice president, Retail Payments, FIS. “Our long history of servicing community-based institutions – delivering direct and personalized services in much the same way that our clients do – enables Centennial Bank to focus on the strategic and differentiating activities it needs to grow its business and deliver best-in-class customer services while relying on FIS to deliver the technologies and industry expertise that help them accomplish those goals.”

Centennial Bank provides commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities throughout Arkansas, Florida and south Alabama.

From: http://www.dailyfinance.com/2013/04/11/centennial-bank-strengthens-its-merchant-relations/

Business, Finance, Occupation & Industry

FIS Announces Pricing of Senior Notes Offering

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By Business Wirevia The Motley Fool

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FIS Announces Pricing of Senior Notes Offering

JACKSONVILLE, Fla.–(BUSINESS WIRE)– Fidelity National Information Services, Inc. (“FIS“) (NYS: FIS) , a leading provider of banking and payments technology, today announced the pricing of its sale of $250 million in aggregate principal amount of 2.000% Senior Notes due 2018 (the “2018 Notes”) and $1.0 billion in aggregate principal amount of 3.500% Senior Notes due 2023 (the “2023 Notes”), together (the “Notes”). The Notes will be guaranteed by certain of FIS‘ subsidiaries. FIS intends to use the net proceeds from this offering to fund the purchase, through a call for redemption, of $750 million aggregate principal amount of our 7.625% senior notes due 2017, to pay fees and expenses related to this offering, and for general corporate purposes, which may include the repayment of other existing indebtedness.

Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are joint book-running managers for the offering. The offering of these securities is made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting Barclays Capital Inc. at 1.888.603.5843 or by e-mailing barclaysprospectus@broadridge.com, J.P. Morgan Securities LLC, Syndicate Desk collect at 212.834.4533 and Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1.800.294.1322 or by e-mailing dg.prospectus_requests@baml.com. The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 5, 2013.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale is not authorized or to any person to whom it is unlawful to make such offer, solicitation or sale. Any offer, solicitation or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.


About FIS

FIS (NYS: FIS) is a leading global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

FIS Announces Proposed Offering of Senior Notes

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By Business Wirevia The Motley Fool

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FIS Announces Proposed Offering of Senior Notes

JACKSONVILLE, Fla.–(BUSINESS WIRE)– Fidelity National Information Services, Inc. (“FIS“) (NYS: FIS) , a leading provider of banking and payments technology, today announced that it intends to make an offering, subject to market and other considerations, of senior notes in one or more tranches with intermediate maturities (the “Notes”). The Notes will be guaranteed by certain of FIS‘ subsidiaries. FIS intends to use the net proceeds from this offering to fund the purchase, through a call for redemption, of up to $750 million aggregate principal amount of its 7.625% senior notes due 2017, to pay fees and expenses related to the offering and for general corporate purposes, which may include the repayment of other existing indebtedness.

Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are joint book-running managers for the offering. The offering of these securities is made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting Barclays Capital Inc. at 1.888.603.5843 or by emailing barclaysprospectus@broadridge.com, J.P. Morgan Securities LLC collect at 212.834.4533 and Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1.800.294.1322 or Dg.prospectus_requests@baml.com. The Notes are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on March 5, 2013.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale is not authorized or to any person to whom it is unlawful to make such offer, solicitation or sale. Any offer, solicitation or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.


About FIS

FIS (NYS: FIS) is a leading global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS topped the annual 2012 and 2011 FinTech

Source: FULL ARTICLE at DailyFinance

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FIS Names Veteran IBM Executive to Board

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By Business Wirevia The Motley Fool

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FIS Names Veteran IBM Executive to Board

Key Facts

  • James Stallings brings more than 23 years of experience in the IT industry to the FIS board.
  • Stallings served as general manager of Global Markets and general manager of Enterprise Systems in IBM‘s Systems and Technology group and co-founded a leading healthy snack vending company.

JACKSONVILLE, Fla.–(BUSINESS WIRE)– FIS™ (NYS: FIS) , the world’s largest provider of banking and payments technology, today named James B. Stallings Jr. to its board, increasing the number of board members.

James B. Stallings Jr. (Photo: Business Wire)

Prior to his retirement from IBM in January after 23 years, Stallings served in a variety of general management roles, including general manager of Enterprise Systems in the $20 billion-a-year Systems and Technology Group, before assuming the Global Markets post in 2009 for the hardware business unit. He also has worked at GE Company and ROLM Corp.; is managing partner of PS 27 Ventures, a private investment fund that focuses on technology companies in the healthy and sustainable living market; and co-founded SmartBox, Florida’s leading healthy snack vending company.

“We are very pleased to have Jim join our board. He brings significant global and technology expertise and experience to the board,” said FIS Chairman and CEO Frank Martire. “His strategic counsel will be invaluable as we continue to expand our global business.”

“I have always been excited about technology, which explains why I am so pleased to join the board of a company with FIS‘ market leadership, industry reputation and high respect as a provider of financial technology,” Stallings said.

Stallings received a Bachelor of Science degree from the U.S. Naval Academy and served as a U.S. Marine Corps officer.


About FIS

FIS (NYS: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a …read more
Source: FULL ARTICLE at DailyFinance

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Capco Outlines 'Industrialization Imperative' for Global Financial Services

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By Business Wirevia The Motley Fool

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Capco Outlines ‘Industrialization Imperative’ for Global Financial Services

“If you want to make it in the years ahead, you have to stop ‘making it all’ today,” according to a new report from Capco. Instead, industrialize non-core activity. Focus totally on product and service innovation. Maximize delivery efficiency.

NEW YORK–(BUSINESS WIRE)– Capco, a global business and technology consultancy dedicated solely to the financial services industry, today shared its vision of an industrialized path to increased ROE, uptake of surplus banking capacity and return to sustainably profitable banking business. Capco is part of FIS™ (NYS: FIS) , the world’s largest global provider dedicated to banking and payments technologies.

Rob Heyvaert, CEO and Founder of Capco and Corporate Executive Vice President of FIS says: “To return to the ROE levels of 15% historically required by investors, banks must now seize the chance to address deep structural issues. Growth opportunity and sustainable value creation demand fresh approaches.”

Stephen O’Sullivan, a Europe-based Partner with Capco, comments: “Banks can no longer do it all, if you want to make it in the years ahead, you have to stop ‘making it all’ today. Look long and hard at existing services and processes. Then identify areas that external expertise and technology can handle more efficiently.”

O’Sullivan adds: “Headcount reduction and tactical cost cutting are no longer sufficient to achieve healthy cost/income ratios. Nor will they enable the break-through innovation demanded to access the unbanked and emerging wealth – crucial to achieve uptake of the sector’s current excess capacity. It is estimated that one of the top eight global banks could be taken entirely out of the equation yet leave enough capacity to meet existing customer demand.”

However, Capco believes that financial institutions enjoy significant advantages, even as the threat of new mobile and social media entrants becomes a reality. While financial services lag behind other major industry sectors when it comes to streamlining processes and collaboration models with partners, the industry does have invaluable experience dealing with data and privacy protection, as well as the burden of ever-evolving regulation. Capco considers that by re-addressing fundamental operating models, institutions can develop more efficient platforms to compete with new entrants in tapping the huge unbanked and wealth in emerging markets opportunities.

What can banks do now? Capco’s vision of an industrialized bank is one that ‘does the right things in the right …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Wintrust Financial Corporation Pilots FIS' Cardless Cash Access at ATMs

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By Business Wirevia The Motley Fool

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Wintrust Financial Corporation Pilots FIS’ Cardless Cash Access at ATMs

Key Facts

  • Enables cash withdrawal from ATMs using a secure app on iPhone® or Android™ smartphones, eliminating the need for a plastic card
  • Saves time for consumers by simplifying steps to get cash and delivers an e-receipt to the customer’s phone
  • Supports FIS‘ mobile strategy to deliver secure mobile innovations to financial institutions and their customers

JACKSONVILLE, Fla.–(BUSINESS WIRE)– Expanding on its leadership and innovation position within mobile financial services, FIS™ (NYS: FIS) , the world’s largest provider of banking and payments technology, today announced the pilot of its innovative Cardless Cash Access solution by Wintrust Financial Corporation. The latest advancement to the FIS Mobile Wallet platform, delivered in partnership with Paydiant and Diebold Incorporated, enables consumers to withdraw cash from ATMs using just a smartphone.

“Consumers are increasingly mobile and rarely leave home without their smartphone,” said Douglas Brown, senior vice president and general manager, FIS Mobile Financial Services. “At FIS, we are continuing to invest in solutions that keep mobile consumers better connected to their finances. Through Cardless Cash Access, FIS is providing secure innovation that places the smartphone at the center of the financial transaction. We’re delivering on our goal of supporting a mobile-centric market. “

The FIS Mobile Wallet with the new Cardless Cash Access solution securely authenticates a user on their smartphone. Once authenticated, the user scans the QR code provided on the ATM screen and selects the account and amount of the withdrawal directly on their smartphone. The solution delivers an e-receipt to the smartphone app after cash is dispensed from the ATM. Unlike mobile cash access models that utilize temporary authorization codes, the FIS Cardless Cash Access solution utilizes the security within the user app authentication process and registration of the FIS Mobile Wallet app on the smartphone, therefore eliminating card skimming risk and fraud incidents for banks and their customers.

“Wintrust is community banking at heart, so service is our number one goal. Technology needs to follow that very closely.” said Tom Ormseth, EVP of Retail Strategy at Wintrust Financial. “Delivering Cardless Cash Access definitely supports our strategy of providing top quality and innovative services, and enables us to …read more
Source: FULL ARTICLE at DailyFinance

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FIS Signs Seven-year Outsourcing Agreement with FirstBank Puerto Rico

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FIS Signs Seven-year Outsourcing Agreement with FirstBank Puerto Rico

Key Facts

  • FIS to assume full operational responsibility for bank’s IT operations.
  • New operational environment will enable the bank to benefit by re-engineering legacy business processes.
  • Expands FIS‘ outsourcing footprint into the Caribbean and provides foundation to introduce Caribbean-based outsourced services to other banks within the Latin American and Caribbean region.

JACKSONVILLE, Fla.–(BUSINESS WIRE)– Building on an 18-year trusted partner relationship, FIS™ (NYS: FIS) , the world’s largest provider of banking and payments technology, today announced it has entered into a seven-year agreement with FirstBank Puerto Rico to assume full on-site operational responsibility for the bank’s IT operations and staff. A leading global provider of outsourcing solutions, this new deal is the first of its kind for FIS in the Caribbean.

With more than 40 years’ experience in the financial services marketplace, FIS delivers a complete set of outsourcing services that can be tailored to meet the individual needs of financial institutions. Under the terms of this multi-year agreement, FIS will assume operational control of FirstBank Puerto Rico’s IT operations including hardware and software upgrades, application management, skilled operations personnel, help desk and desktop services. The resulting environment will enable the bank to realize lower operating costs, greater operational efficiencies and full regulatory compliance. The bank will also have access to FIS‘ portfolio of industry-leading solutions which will provide top-tier system functionality and assist the bank’s growth strategy as it launches new products and services.

“Our extended relationship with FIS enables us to take advantage of their expertise in managing complex IT infrastructures while ensuring that the technology continues to deliver the results we need for the customers we serve,” said Aurelio Alemán, president and CEO of FirstBank Puerto Rico. “At FirstBank Puerto Rico, we strive to focus on initiatives that deliver value to our customers.”

According to research firm Celent, financial institutions spend more than 77% of their budgets on maintenance and while this figure is expected to fall marginally in 2015, it will still remain above 75%.

“The hard dollar costs and regulatory burdens of maintaining a complex IT environment are driving more institutions to take …read more
Source: FULL ARTICLE at DailyFinance

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FirstBank Puerto Rico partners with FIS

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FirstBank Puerto Rico partners with FIS

This alliance will position the bank at the forefront in banking technology services

SAN JUAN, Puerto Rico–(BUSINESS WIRE)– Today FirstBank Puerto Rico, the second largest commercial chartered financial institution in the island, announced it has formalized a strategic alliance with FIS™ (NYS: FIS) , the world’s largest global provider dedicated to banking and payment technologies.

The seven year agreement, will give FirstBank the enhanced ability to achieve technological leadership by providing state of the art product and services to its clients across the territories. Through this alliance, FirstBank will have the capabilities to proactively take action on constant regulatory changes and data security requirements, integrate its systems platform, launch new initiatives and complete projects more rapidly, as well as have access to new products and services.

Aurelio Alemán, president and CEO of FirstBank Puerto Rico, expressed his satisfaction with this partnership stating that “this agreement will help us accelerate the execution of our strategic objectives and will better prepare our organization for future growth. It will certainly position us at the forefront in banking technology services, resulting in additional benefits to our customers, thus, strengthening our reputation as a leader in customer service in the local financial industry.”

Under this agreement, effective April 1, 2013, FIS will manage FirstBank’s Data Center and will be in charge of all technology related matters. The Bank will, in turn, maintain control over priorities and business opportunities, and will also retain the Project Management functions.

FIS, the world’s leading financial services technology company, serves more than 14,000 institutions in over 110 countries and employs more than 35,000 people. Its global expertise in software and technology management, including third party platforms, will provide FirstBank access to best practices in the technology industry.

“We are delighted to be working with FirstBank Puerto Rico,” said Marcelo Annarumma, Managing Director, FIS Latin America & Caribbean. “The agreement will allow us to bring our global expertise in outsourcing for Financial Institutions to bear for the benefit of FirstBank and its customers. The deal also gives FirstBank access to FIS‘ leading portfolio of banking and payment applications as they launch new products and services and drive their business forward into new markets.”

About First BanCorp

First …read more
Source: FULL ARTICLE at DailyFinance

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FIS Announces James "Woody" Woodall as Chief Financial Officer

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By Business Wirevia The Motley Fool

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FIS Announces James “Woody” Woodall as Chief Financial Officer

Key Facts

  • New appointment is effective immediately.
  • Woodall has served as FIS senior vice president and controller since 2008 and replaces Michael Hayford who announced his retirement from FIS in December 2012.

JACKSONVILLE, Fla.–(BUSINESS WIRE)– FIS™ (NYS: FIS) , the world’s largest provider of banking and payments technology, today announced that Woody Woodall has been named Chief Financial Officer (CFO). Immediately assuming this position, Woodall will have enterprise-wide oversight of all aspects of FIS‘ financial operations including the controllership, treasury, investor relations, financial planning and analysis and corporate development functions, in addition to FIS‘ capital allocation strategy.

James “Woody” Woodall (Photo: Business Wire)

Woodall has served as senior vice president, chief accounting officer and controller for FIS since July 2008 and was responsible for managing all FIS accounting functions including accounting policy, internal and external financial reporting, financial planning and analysis, and Sarbanes-Oxley compliance. Over the past two years, Woodall has taken on an increasingly expanded role in investor communications, capital allocation strategy, capital committee and executive committee.

Prior to joining FIS, Woodall served as executive director and controller of AT&T’s southeast region. Prior to AT&T, Woodall was a senior manager in the audit practice of PricewaterhouseCoopers serving technology and communications clients.

“Woody’s contributions over the past five years have been crucial in helping FIS achieve its financial performance goals and deliver increased value to its shareholders,” said Gary Norcross, FIS president and chief operating officer. “The appointment of Woody to the CFO position brings proven financial leadership to our Executive Management team and ensures that we can continue to deliver on the financial strategies that support our growth goals. We are confident that Woody will help drive FIS‘ continued success.”

Commenting on the planned transition period, Chairman and Chief Executive Officer Frank Martire stated, “On behalf of the Board and FIS Management, we are pleased to welcome Woody to his new position. He has played an integral role in the development and execution of FIS‘ financial strategy and has built deep relationships with the investment community. His expertise across all aspects of our financial operations will result in …read more
Source: FULL ARTICLE at DailyFinance

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FIS Completes Acquisition of mFoundry

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FIS Completes Acquisition of mFoundry

Key Facts:

  • Acquisition supports FIS‘ strategy to invest in new innovation.
  • Combination creates one of the leading mobile entities in the financial services space.

JACKSONVILLE, Fla.–(BUSINESS WIRE)– FIS™ (NYS: FIS) , the world’s largest provider of banking and payments technology, today announced it has completed the acquisition of mFoundry, a foremost provider of mobile banking and payment solutions for financial institutions and retailers. The resulting combination creates one of the leading mobile entities in the financial services space and enables FIS to leverage its technology assets across a broader client base.

“Delivering industry-best mobile solutions that underpin our clients’ ability to reach and serve their customers is a key focus area for FIS,” said Gary Norcross, FIS president and chief operating officer. “The mFoundry acquisition supports our mobile strategy to make this new era of mobile-driven commerce possible by providing the strategies and integrated solutions that financial institutions need to create the personalized mobile experiences their customers desire.”


About FIS

FIS (NYS: FIS) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.

FIS Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. Statements that are not historical facts, including statements about our expectations, hopes, intentions, or strategies regarding the future, are forward-looking statements. These statements relate to future events and our future …read more
Source: FULL ARTICLE at DailyFinance