FIS Launches Prepaid Travel EMV Cards
JACKSONVILLE, Fla., April 10, 2012 − FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced its launch of the FIS Travel EMV® Card. The EMV chip card is the first-of-its-kind offering, providing consumers with the latest in secure payments technology in a convenient prepaid card.
Focusing on the increasing demand for secure, convenient methods of payment for consumers, FIS is launching a new prepaid card targeted specifically to consumers who travel abroad. The FIS Travel EMV Card combines the latest in EMV chip technology and a traditional magnetic stripe, providing financial institutions with an instant-issue, low-cost product to offer to consumers. An alternative to traveling with cash, credit cards or traditional traveler’s checks, the cards are safe, easy to use and accepted worldwide.
The FIS Travel EMV Card will simplify travel for U.S. consumers where EMV chip technology is used for card-based transactions. U.S.-issued credit and debit cards use magnetic stripe technology, which is not widely accepted abroad. The EMV chip-based cards have been adopted globally for their increased level of security. U.S. issuers are expected to move toward EMV cards in the coming years. The FIS Travel EMV Card provides financial institutions the ability to offer this preferred card immediately, enabling them to stay ahead of the competition.
“EMV chip technology is at the forefront of secure card-based transactions,” said Brad Potter, senior vice president, FIS EFT Solutions. “While the payments industry continues to prepare for EMV technology over the next few years, cardholders who wish to travel abroad have an immediate need for EMV payment cards. The new FIS Travel EMV Card enables any financial institution in the U.S. to serve the needs of their customers quickly and for an extremely low cost.”
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. First in financial technology, FIS tops the annual FinTech 100 list, is ranked third on the Barron’s 500, 426 on the Fortune 500 and is a member of Standard & Poor’s 500® Index. 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.
For More Information:
Kim Snider, VP, FIS Global Marketing and Communications
Phone: 904.438.6278, Email: firstname.lastname@example.org
Mary Waggoner, SVP, FIS Investor Relations
Phone: 904.438.6282, Email: email@example.com