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4-Traders Homepage  >  Equities  >  Nyse  >  Fidelity National Information Servcs Inc    FIS

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Fidelity National Information Services : FIS Selected as Core Processing Provider for Calhoun County Bank and AccessBank Texas

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05/04/2012 | 02:20pm CET

Integrated and scalable platforms support banks' growth and efficiency plans

FIS™ (NYSE: FIS), the world's largest provider of banking and payments technology, today announced that Calhoun County Bank and AccessBank Texas have signed multi-year agreements for FIS' core banking platforms. These agreements underscore FIS' strong market position within the community bank space.

Headquartered in Denton, Texas, AccessBank Texas was founded in 2007 and has $107 million in assets. The bank sought a new core solution that would provide extensive functionality that could be integrated with its existing solutions to provide increased operational performance. Deploying FIS' core account processing platform will provide the bank with industry leading functionality and back-office automation, enabling the automation of numerous manual processes. The increased productivity afforded by use of the solution will enable the bank's staff to focus their efforts on effectively serving the needs of their customers. The bank's ability to measure productivity will aid in making sound business decisions and enable future growth. In addition to the core platform, AccessBank Texas will also deploy FIS' EFT and item processing solutions, which will seamlessly integrate with the core platform.

"FIS' core processing capabilities are a great fit for AccessBank," said Lisa Herr, senior vice president and senior operations officer, AccessBank Texas. "We're benefiting from deep functionality that can be customized to fit our operating requirements. We think this decision was the right move for the bank and our customers."

For more than 112 years, Calhoun County Bank has been serving the people and businesses of Calhoun County, West Virginia. With assets exceeding $116 million, Calhoun County Bank has expanded into neighboring counties. The bank was seeking to replace its existing core processing solution with one that provided effective integration for optimizing key processes. Deploying FIS' core account processing platform will provide Calhoun County Bank with an efficient, easy-to-use and cost-effective system. By streamlining and simplifying processes, the bank will have the ability to provide fast and accurate customer service. Exceptional integration will ensure all customer information is readily available. As part of this agreement, Calhoun County Bank will also deploy FIS' Document Management and TellerElite solutions.

"Relationships are very important to us at Calhoun County Bank," said Jim Bennett, president and CEO, Calhoun County Bank. "We were very impressed by the exceptional references from FIS' existing customers. We were confident that, in addition to a top-notch solution, we were also teaming with a partner we could rely upon and trust."

FIS is a leader in delivering core processing solutions to the community bank market. The comprehensive features of FIS' core platforms, coupled with flexible deployment and hosting options, enable financial institutions to increase operational efficiency and productivity and to mitigate risk. In addition, the flexible and easy access to customer information provides community bankers the ability to forge stronger relationships with their customers, leading to increased growth and customer retention.

"Having robust functionality is becoming increasingly important to community banks," said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. "It is imperative for them to have a technology provider that can deliver the capabilities they need in an accessible environment. FIS has dedicated itself to ensuring that its solutions are on the forefront of what our clients need and their customers demand."

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.

Kim Snider, 904.438.6278
Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
or
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
mary.waggoner@fisglobal.com


© Business Wire 2012
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EBIT 2016 2 137 M
Net income 2016 793 M
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Yield 2016 1,28%
P/E ratio 2016 32,45
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Capi. / Sales 2016 2,77x
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Number of Analysts 23
Average target price 89,4 $
Spread / Average Target 12%
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NameTitle
Gary A. Norcross President, Chief Executive Officer & Director
Frank R. Martire Non-Executive Chairman
James W. Woodall Chief Financial Officer & Executive Vice President
Ido Gileadi Chief Information Officer
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