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

Delayed Quote. Delayed  - 09/27 10:03:30 pm
77.74 USD   +1.13%
09/27 MAKING OPEN & I : FIS Successes Cross Borders
09/22 FIDELITY NATION : FIS to Report Third Quarter Earnings on Nov. 1
09/14 FIDELITY NATION : ex-dividend day
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Fidelity National Information Services : Wintrust Financial Corporation Pilots FIS' Cardless Cash Access at ATMs

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03/21/2013 | 01:20pm CEST

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

Expanding on its leadership and innovation position within mobile financial services, FIS? (NYSE: 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 deliver on our promise to our customers - 'HAVE IT ALL.'"

Commenting on the expanding role of the mobile wallet, David Albertazzi, Senior Analyst with Aite Group stated, "Convenience is a critical driver of consumer satisfaction and loyalty in banking, and cardless access to ATMs is a convenience that many smartphone owners will take advantage of. It also represents an important link between the mobile wallet and cash access."

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 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.

About Wintrust

Wintrust is a financial holding company with assets of approximately $17.5 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, now with over 100 banking locations located in the greater Chicago and Milwaukee market areas. Additionally, the Company operates various non-bank subsidiaries including one of the largest commercial insurance premium finance companies operating in the United States and Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, companies engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services.

About Diebold

Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs approximately 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in the Canton, Ohio region, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's website at www.diebold.com or follow the company on Twitter: http://twitter.com/DieboldInc.

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 2013
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Financials ($)
Sales 2016 9 450 M
EBIT 2016 2 327 M
Net income 2016 882 M
Debt 2016 -
Yield 2016 1,34%
P/E ratio 2016 29,96
P/E ratio 2017 22,72
Capi. / Sales 2016 2,67x
Capi. / Sales 2017 2,54x
Capitalization 25 200 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 89,7 $
Spread / Average Target 17%
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Managers
NameTitle
Gary A. Norcross President, Chief Executive Officer & Director
Frank R. Martire Executive Chairman
James W. Woodall Chief Financial Officer & Executive Vice President
Ido Gileadi Chief Information Officer
Troy Bradley Chief Technology Officer & Senior Vice President
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