Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Fidelity National Information Services    FIS

Real-time Quote. Real-time BATS EXCHANGE - 03/19 06:29:05 pm
99.4400 USD   -1.19%
03/16FIDELITY NATION : FIS Recognized for Best-in-Class Wealth Management..
03/15FIDELITY NATION : Ex-dividend day for
03/09FIDELITY NATION : FIS Wins Awards for Sales, Customer Service and Bu..
News SummaryMost relevantAll newsSector newsTweets

Fidelity National Information Services : Bank Freedom Teams with FIS Mobile

share with twitter share with LinkedIn share with facebook
share via e-mail
04/24/2012 | 05:31pm CET

JACKSONVILLE, Fla., April 19, 2012 ? FIS? (NYSE: FIS), the world's largest provider of banking and payments technology, today announced that Bank Freedom, a wholly owned subsidiary of PrepaYd, Inc. (OTC PINK :PPDC), has signed a multi-year agreement for the FIS Mobile offering in support of Bank Freedom's mobile application for the underbanked market.

Bank Freedom provides financial services, including prepaid debit cards, to underbanked consumers. PrepaYd, Inc. also owns PrepaYd Wireless, a wireless phone provider that offers cell phones to consumers without the requirement of a long-term contract or the ability to prove credit worthiness.

With FIS Mobile at its center, PrepaYd, Inc. will launch a new mobile application targeted to the underbanked market that combines PrepaYd Wireless' cellular phone service and Bank Freedom's prepaid debit card programs. The new mobile application will enable consumers to manage their finances remotely via a mobile phone - including checking balances, paying bills, viewing recent account activity and managing multiple cards. In addition to having transaction alerts sent to the mobile phone, consumers will also have the ability to manage funds via text message - including the ability to send payments to other consumers and businesses. The application empowers a population that typically is excluded from the growing trend of mobile financial management because they do not possess a traditional bank account and may not have the credit record typically required for a cellular phone contract. The application will be available for iPhone®, Android?, BlackBerry® and other Internet-enabled mobile phones.

"We believe to be a leader in the electronic payments industry you must integrate reliable, robust and secure mobile financial services," said Bruce Berman, CEO, Bank Freedom and PrepaYd, Inc. "We selected FIS because of its ability to design a state-of-the-art mobile financial application that would meet our unique needs."

"More and more consumers are relying on the ability to manage their finances via their mobile phone," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "FIS' intuitive, reliable and secure mobile financial services platform will enable PrepaYd, Inc. to expand the availability of these services to an entirely new market segment."

About Bank Freedom and PrepaYd, Inc.
PrepaYd, Inc. is a provider of financial services in the prepaid debit card industry and is in the process of becoming a prepaid wireless phone provider. The company, through one of its wholly owned subsidiaries Bank Freedom, offers prepaid debit cards to America's estimated 60 million underbanked citizens. In addition to the underbanked consumer demographic, small and mid-size businesses have found a much needed product with the company's Prepaid Business Expense Card Program. With the diminishing credit card markets, companies need a new way to fund employees' expenses other than through traditional credit cards or cash reimbursements. Through another wholly owned subsidiary PrepaYd Wireless, the company intends to offer mobile services to an estimated 110 million consumer demographic. Prepaid Wireless Services is an alternative to the traditional Postpaid Wireless Service Plans provided by major carriers. In addition, PrepaYd Wireless offers mobile phones and wireless plans compatible for mobile financial services.

About FIS
FIS (NYSE: 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 32,000 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 ranked third on the Barron's 500, 426 on the Fortune 500 and is a member of Standard & Poor's 500® Index. For more information about FIS, visit www.fisglobal.com.

Forward-Looking Statements
This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the "Statement Regarding Forward-Looking Information," "Risk Factors" and other sections of the Company's Form 10-K and other filings with the Securities and Exchange Commission.

For More Information:

Kim Snider, VP, FIS Global Marketing and Communications
Phone: 904.438.6278, Email: [email protected]

Mary Waggoner, SVP, FIS Investor Relations
Phone: 904.438.6282, Email: [email protected]  

Bruce Berman, 949.553.9044 ext. 221
CEO PrepaYd, Inc and Bank Freedom
[email protected],Inc.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
03/16FIDELITY NATIONAL INFORMATION SERVIC : FIS Recognized for Best-in-Class Wealth M..
03/09FIDELITY NATIONAL INFORMATION SERVIC : FIS Wins Awards for Sales, Customer Servi..
03/06FIDELITY NATIONAL INFORMATION SERVIC : Results of Operations and Financial Condi..
02/22FIDELITY NATIONAL INFORMATION SERVIC : Management's Discussion and Analysis of F..
02/20FIDELITY NATIONAL INFORMATION SERVIC : FIS, Clients Win Awards for Excellence an..
02/06FIDELITY NATIONAL INFORMATION SERVIC : tops 4Q profit forecasts
02/06FIDELITY NATIONAL INFORMATION SERVIC : Results of Operations and Financial Condi..
02/06FIDELITY NATIONAL INFORMATION SERVIC : FIS Reports Fourth Quarter and Full-Year ..
02/01FIDELITY NATIONAL INFORMATION SERVIC : FIS Increases Quarterly Dividend 10% to $..
More news
News from SeekingAlpha
02/14Tracking William Von Mueffling's Cantillon Capital Management Portfolio - Q4 .. 
02/06Fidelity National Information Services (FIS) Q4 2017 Results - Earnings Call .. 
02/06Fidelity National Information Services, Inc. 2017 Q4 - Results - Earnings Cal.. 
02/06Fidelity National beats by $0.02, misses on revenue 
02/05Notable earnings before Tuesday?s open 
Financials ($)
Sales 2018 8 532 M
EBIT 2018 2 472 M
Net income 2018 1 170 M
Debt 2018 -
Yield 2018 1,23%
P/E ratio 2018 27,44
P/E ratio 2019 23,52
Capi. / Sales 2018 3,91x
Capi. / Sales 2019 3,78x
Capitalization 33 330 M
Duration : Period :
Fidelity National Informat Technical Analysis Chart | FIS | US31620M1062 | 4-Traders
Technical analysis trends FIDELITY NATIONAL INFORMAT
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 109 $
Spread / Average Target 8,5%
EPS Revisions
Gary A. Norcross President, Chief Executive Officer & Director
Frank R. Martire Non-Executive Chairman
Marianne C. Brown Co-Chief Operating Officer & Executive VP
James W. Woodall Chief Financial Officer & Executive Vice President
Ido Gileadi Chief Information Officer
Sector and Competitors