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.
|Stock Symbol:||Division of Fidelity National Information Services, Inc (NYSE: FIS)|
|Corporate Headquarters:||Jacksonville, Florida USA|
|Address:||World Headquarters, 601 Riverside Avenue, Jacksonville, FL 32204, 888-323-0310, firstname.lastname@example.org|
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