FIDELITY NTL INFO : FIS Chosen by Amalgamated Bank of Chicago for Credit Card Processing, Loyalty and Fraud Prevention
07/14/2011| 04:20pm US/Eastern

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FIS?
(NYSE: FIS), the world's largest provider of banking and payments
technology, today announced that Amalgamated Bank of Chicago has signed
a five-year agreement for several FIS card processing and fraud
protection solutions. The bank selected FIS' industry-leading card,
merchant and fraud technologies in order to enhance its customer
experience as well as its consumer and commercial card processing and
fraud prevention capabilities.
Since 1922, Amalgamated Bank of Chicago has been serving the union
laborers and working class members of the Chicago area and nationwide.
Amalgamated Bank selected several FIS solutions to aid in the management
of their card processing and fraud efforts, including Base2000®,
ScoreCard®,
FIS
card personalization and fulfillment, FIS
Secured?, COMPROMISE
MANAGER?, Merchant
Processing and Fraud
Alert Management.
FIS' credit card processing solutions supports both consumer and
commercial accounts, including business, corporate, fleet and purchasing
cards. ScoreCard is a card loyalty solution that has proven to increase
card acquisition, activation and usage of both credit and debit card
programs by members. ScoreCard's Relationship Rewards improves a
financial institution's customer loyalty and retention. With FIS' full
suite of card and fraud solutions, Amalgamated Bank will enhance its
ability to provide personalized card services and bring new financial
solutions to market quickly.
FIS Fraud Alert Management is a comprehensive fraud management platform
that features the ability to adapt intuitively as new card and merchant
data models are added. A unique attribute of the solution is its ability
to synthesize credit, debit and prepaid transactions on the same
platform, significantly improving accuracy through the monitoring of
multiple types of cards. FIS Secured is a fraud protection program that
leverages proprietary analytical tools and enhanced data mining to
identify emerging fraud patterns and potential points of compromise to
stop fraud runs before they occur. With the addition of these solutions,
Amalgamated Bank will be able to identify potential fraudulent trends
and activity before it occurs while minimizing the overall impact to
legitimate cardholder spending.
"FIS' card and merchant processing, as well as fraud solutions will
bring us to a new level of efficiency. The combination of increased
system flexibility, robust functionality and improved cardholder
experience were all key differentiators for us," said Jonathan Telzrow,
senior vice president, Amalgamated Bank of Chicago.
"FIS has developed a platform at the forefront of credit card processing
technology integrated with fraud and loyalty programs that deliver the
flexibility and adaptability banks need to remain highly competitive,"
said Frank
D'Angelo, executive vice president, FIS Payment Solutions Group. "We
are pleased that Amalgamated Bank of Chicago has chosen to expand their
relationship with FIS and are confident that combining the management of
their fraud prevention, loyalty and card processing with one provider
will positively impact Amalgamated Bank's ability to better serve their
customers."
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.
FIS is ranked 426 on the Fortune 500, 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.
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.

Marcia Danzeisen, 904.854.5083
Senior Vice President
FIS
Global Marketing and Communications
marcia.danzeisen@fisglobal.com
or
Mary
Waggoner, 904.854.3282
Senior Vice President
FIS Investor
Relations
mary.waggoner@fisglobal.com
© Business Wire 2011
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