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?
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
"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$TOP ATMs will be in every city and small town in the
Financial institutions participating in the limited-surcharge program
will receive a comprehensive, complimentary toolkit to assist them with
marketing the adoption of DOLLAR$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.
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.
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
FIS Global Marketing
Senior Vice President