(NYSE: FIS), the world's largest provider of banking and payments
technology, today announced that American Chartered Bank will deploy
Banking Services (IBS) core processing solution. As part of this
multi-year agreement, FIS will also deliver several supporting products
and Service as well as EFT
solutions. The bank will utilize the NYCE®
Payments Network for point-of-sale and ATM transactions.
American Chartered Bank, a $2.4 billion institution located in
Schaumburg, Ill., sought a solution set that would enhance their ability
to serve their customers and enable them to provide more innovative
products and services. Through FIS, the bank will have a fully
integrated platform with more robust functionality, allowing American
Chartered Bank to compete effectively with the larger commercial banks
in their target market.
FIS' IBS is a highly flexible and integrated core
banking solution that provides financial institutions with
innovative technology involving minimal disruption to their business
operations and customers. IBS is the leading outsourced retail and
commercial banking solution among mid-tier U.S. banks. FIS' EFT
solutions are utilized by more than 3,000 financial institutions to
manage their ATM/debit needs. In 2010 the number of EFT transactions
processed through FIS' solutions topped 11 billion.
"We compete in a very challenging market," said Ron Hunt, chief
operations officer, American Chartered Bank. "We knew that to continue
competing for new customers, and to best serve our existing customers,
we needed a core platform and new solutions that would allow us to
decrease the time it takes to bring new products to market and operate
more efficiently on a daily basis. We are confident that teaming with
FIS will do just that."
"IBS is a proven and comprehensive solution that will provide American
Chartered Bank with tools to streamline their processes, create
operational efficiencies and ultimately to expand their reach in their
target market," said Anthony
Jabbour, executive vice president, FIS Financial Solutions Group.
"The tight integration of IBS with supplemental solutions allows
American Chartered to enhance their performance to the benefit of their
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 30,000 people worldwide and holds leadership positions in
payment processing and banking solutions, providing software, services
and outsourcing of the technology that drives financial institutions.
FIS is a member of Standard & Poor's 500® Index and consistently holds a
leading ranking in the annual FinTech 100 list. 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.
Marcia Danzeisen, 904.854.5083
Senior Vice President
Global Marketing and Communications
Senior Vice President