Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Fidelity National Information Services : FIS Introduces DOLLAR$TOP, a Unique Limited-surcharge Program that Gives Consumers Cash Access from Participating ATMs for a Flat $1 Fee

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/06/2012 | 02:20pm CEST

Key Facts

  • Consumers gain access to thousands of ATM locations across the U.S. with guaranteed limited $1 convenience fee.
  • Financial institutions can easily implement "pay-as-you go" turnkey program, reduce surcharge-rebate expense and retain 100 percent of proprietary ATM surcharge fee revenue.
  • Payment Alliance International, Inc., is first to deploy DOLLAR$TOP program through its ATMs across the U.S.

Consumers soon can access cash for just $1 from thousands of ATMs as FIS? (NYSE: FIS), the world's largest provider of banking and payments technology, today introduces the DOLLAR$TOP? limited-surcharge program.

Available through the NYCE® Payments Network, DOLLAR$TOP benefits not only consumers but also financial institutions and non-financial institution ATM deployers. Financial institutions benefit by offering a "no-surprise" convenience fee of just $1 to their cardholders, without the royalty fees often associated with surcharge-free programs or the escalating costs of proprietary surcharge-rebate policies. Participating banks and credit unions will not be required to make their ATMs part of the DOLLAR$TOP program, retaining 100 percent of proprietary ATM surcharge fee revenue. Financial institutions can roll out the turnkey DOLLAR$TOP program within 30 days of joining and easily enable immediate surcharge-fee savings for all of their customers.

Employing the slogan "Stop. Save. Go.," DOLLAR$TOP enables card issuers to offer their cardholders the benefit of ATM cash at thousands of participating convenient locations around the U.S. without paying traditional multi-dollar convenience fees.

Payment Alliance International, Inc. ("PAI"), the largest processor of ATMs in the U.S., is partnering with FIS on the initial rollout of the program through its nationwide network of more than 60,000 ATMs. "We believe that DOLLAR$TOP provides a unique alternative to expensive surcharge free programs," said Neil Marcous, president, NYCE Payments Network. "DOLLAR$TOP enables card issuers to offer a reasonable, predictable surcharge experience to their customers without requiring financial institutions to reduce their own ATM surcharge revenue. It can also reduce the growing expense of proprietary surcharge-rebate policies. This new program reflects FIS' commitment to delivering payment innovations that provide direct, positive impact to every constituent in the payments market."

ATM owners and ISOs will benefit from DOLLAR$TOP by generating income through enhanced interchange and increased traffic on DOLLAR$TOP-branded ATMs.

"We are very pleased to work with FIS in offering this program to our ATM owners and Market Partners. DOLLAR$TOP offers a unique combination of attractive revenue and increased transaction volumes," said Greg Sahrmann, executive vice president and chief operating officer of Payment Alliance International. "The DOLLAR$TOP program creates a win-win-win for cardholders, financial institutions, and PAI ATM clients. Initial interest in the program has been very strong, and we anticipate DOLLAR$TOP ATMs will be in every city and small town in the U.S."

Financial institutions participating in the limited-surcharge program will receive a comprehensive, complimentary toolkit to assist them with marketing the adoption of DOLLAR$TOP. The toolkit includes a Web portal (http://www.dollarstop.com), a free mobile app available for iPhone® or Android? smartphones and tablets, print and online advertising templates, and consumer ATM locator services. All advertising materials can be customized with the financial institution's trade name and logo.

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 425 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.

Kim Snider, 904.438.6278
Vice President
FIS Global Marketing and
Communications
[email protected]
or
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
[email protected]


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FIDELITY NATIONAL INFORMAT
06/14FIDELITY NATIONAL INFORMATION SERVIC : Change in Directors or Principal Officers..
AQ
06/14FIDELITY NATIONAL INFORMATION SERVIC : Alexander Navab and Brian T. Shea Join FI..
BU
06/14FIDELITY NATIONAL INFORMATION SERVIC : Ex-dividend day for
FA
06/01FIDELITY NATIONAL INFORMATION SERVIC : Change in Directors or Principal Officers..
AQ
05/30FIDELITY NATIONAL INFORMATION SERVIC : FIS to Present at Baird’s 2018 Glob..
BU
05/16FIDELITY NATIONAL INFORMATION SERVIC : Entry into a Material Definitive Agreemen..
AQ
05/16FIDELITY NATIONAL INFORMATION SERVIC : U.S. Consumers are Unprepared for Coming ..
BU
05/15FIDELITY NATIONAL INFORMATION SERVIC : Minor League Baseball and FIS Extend Stra..
BU
05/15FIDELITY NATIONAL INFORMATION SERVIC : FIS Announces Pricing of Senior Notes Off..
BU
05/14FIDELITY NATIONAL INFORMATION SERVIC : FIS Announces Proposed Offering of Senior..
BU
More news
News from SeekingAlpha
06/14FIS adds private equity and bank execs to board 
05/21Fidelity National Information Services Offsetting Growth With Margins 
05/15Fidelity National Information reports pricing of $1B senior notes offering 
05/14Fidelity National Information proposes $1B senior notes offering 
05/10Fidelity National (FIS) Investor Presentation - Slideshow 
Financials ($)
Sales 2018 8 554 M
EBIT 2018 2 463 M
Net income 2018 1 211 M
Debt 2018 -
Yield 2018 1,16%
P/E ratio 2018 29,66
P/E ratio 2019 25,80
Capi. / Sales 2018 4,16x
Capi. / Sales 2019 4,02x
Capitalization 35 564 M
Chart FIDELITY NATIONAL INFORMAT
Duration : Period :
Fidelity National Informat Technical Analysis Chart | FIS | US31620M1062 | 4-Traders
Technical analysis trends FIDELITY NATIONAL INFORMAT
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 114 $
Spread / Average Target 6,1%
EPS Revisions
Managers
NameTitle
Gary A. Norcross Chairman, President & Chief Executive Officer
James W. Woodall Chief Financial Officer & Executive Vice President
Ido Gileadi Chief Information Officer
Keith W. Hughes Lead Independent Director
David K. Hunt Independent Director
Sector and Competitors