FIS Prepaid Solutions

About FIS

FIS Prepaid Solutions (a division of Fidelity National Information Services, Inc., NYSE: FIS) is a Fortune 500 company and one of the most comprehensive providers of open and closed-loop prepaid card services, including gift cards and reloadable cards, with end-to-end solutions for development, processing and administration of stored value programs. For every occasion and every need, from birthdays and weddings to graduation, back-to-school and travel, FIS Prepaid Solutions has a card and a program for most any customer. Fidelity National Information Services rose from a merger between Certegy, Incorporated and a subsidiary of Fidelity National Financial in early 2006. A 2007 acquisition of eFunds Corporation (EFD) led to a conglomerate that would provide financial processing (core and transactional), mortgage loan services and card issuance to 31 of the top 50 lending institutions worldwide. In addition, FIS developed key relationships with nine of the top ten global banks. Further acquisitions in 2009 and 2010 included Metavante Technologies (MV), Compliance Coach and Capco added to the strength of FIS.

FIS Solutions Platform

FIS has an all inclusive platform of products ranging dramatically in scope. Some of the product service lines offered include: Core Banking, Hardware Solutions, Document Output, Mobile Financial Services, Payment Network Solutions, Fraud/Risk/Compliance, Technology, Wealth Management, Biller Direct, Commercial Treasury Services, eBanking, ePayment, Healthcare, Lending, Loyalty, Retail Payments, Consulting Services, NYCE Payments Network, Government, Education/Training, Marketing, Global Commercial Services, Protection Services, Consulting, Merchant Processing, Credit/Debit Card Processing, Electronic Funds Transfer, Card Personalization and Prepaid Card (stored-value) Offerings.

FIS Prepaid Segment

Given the outbreak of growth in the prepaid space, FIS has proven an innovator and seized the opportunity to assist financial institutions globally in competing in the market. Through the network-branded channels of Visa, MasterCard, American Express and Discover, FIS has helped evolve the prepaid product into something safer than cash, easier to qualify for (compared to traditional credit or debit cards) and more convenient to use than a checking account. FIS is the self-proclaimed largest provider of open-loop prepaid card services and continues to strive for end to end development solutions, efficient processing, innovative production/design capabilities, strong inventory management, outstanding customer service, minimized disputes, detailed reporting systems, capable web hosting services and customized distribution channeling. FIS as produced over 180 million cards domestically in the U.S. with more than 775 million processed transactions each year supporting thousands of prepaid customers. FIS also has issued cards in 100 countries globally using over a dozen different currencies. FIS provides the tools necessary to simply integrate the prepaid platform into existing financial institution’s systems and operations with superior support and lower costs.

About
Stock Symbol: Division of Fidelity National Information Services, Inc (NYSE: FIS)
Website: http://www.fisglobal.com
Corporate Headquarters: Jacksonville, Florida USA
Address: World Headquarters, 601 Riverside Avenue, Jacksonville, FL 32204, 888-323-0310, moreinformation@fisglobal.com




Debit Cards




Corporate Overview
 WebsiteFIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in more than 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE Network. FIS maintains processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor’s (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs approximately 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol.
Recent News Items
  • Prepaid Research: Hispanic Tax Filers View of Prepaid

    Hispanics are a large demographic in the U.S. According to the 2010 U.S. Census, Hispanics make up approximately 16.3% of the U.S. population, with over 50 Million Hispanics in the U.S. The Hispanic market is an important one for many prepaid debit card issuers, as studies have shown that nearly 20% of Hispanics are unbanked.

  • American Express Joins Prepaid Card Competition

    American Express Co. (AXP) expanded its prepaid debit card offerings this week by launching a new general purpose reloadable debit card called, simply enough, the “American Express Prepaid Card”. The card is not American Express’ first prepaid card offering – they’ve long offered their highly popular American Express gift cards, and recently launched a teen […]

  • Debit Cards Feature Well in MasterCard’s 3Q 2009 Earnings Call

    Debit cards (including prepaid cards) continue to be featured in MasterCard (NYSE: MA) earnings and in their earnings calls. Today, MasterCard reported higher than expected quarterly earnings thanks, in part, to reduced costs, and greater usage of MasterCard debit cards.

  • Senator Introduces Bill to Regulate Prepaid Debit Cards

    On December 17, 2010, Senator Menendez introduced S.4041 – “A bill to amend the Electronic Fund Transfer Act to provide protection for consumers who have prepaid cards, and for other purposes.” The bill is referred to as the “Prepaid Card Consumer Protection Act of 2010” and would amend the Electronic Fund Transfer Act to provide for greater regulation of certain prepaid cards (referred to in the bill as “spending card accounts”).

  • Green Dot Earnings Call: A Prepaid Card Tutorial

    On August 12, 2010, Green Dot Corporation (NYSE:GDOT) had its first earnings conference call. The conference call, of course, included lots of discussion about Green Dot’s second quarter 2010 earnings and outlook. The call also included some excellent information about the prepaid debit card industry. Analysts, investors and others who are interested in covering or better understanding this relatively new industry should listen to the Green Dot Q2 earnings call.

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