FIS’ Community Core Solutions Continue to Experience Growth in First Half of 2012
JACKSONVILLE, Fla., June 14, 2012 − FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced that it continues to see sustained growth in agreements for its core solutions platforms. Continuing the momentum experienced in its first quarter of 2012, FIS has signed several multi-year agreements for its core solutions, including a new agreement with Valley Central Savings Bank.
Founded in 1884, Reading, Ohio-based Valley Central Savings Bank sought a new core platform that would provide the stability and scalability needed for continued growth. FIS’ reputation for being a trusted technology partner was a motivator in the bank’s selection of FIS as well as the core solution’s ability to integrate general ledger, which will save the bank both time and money by increasing efficiencies in daily operations.
FIS delivers the comprehensive core solutions that are designed to meet the strategic needs of community banks of all sizes. Personalized service, competitive choices and maximum convenience are the standards that set FIS’ solutions apart and provide clients with the means to meet and often exceed their strategic business goals. Financial institutions of every size are turning to FIS for solutions that adapt to their clients’ changing needs while still driving revenue and mitigating risk.
“As our current core solution agreement came to a close, we knew that now was the time for us to make a change that would help us move our business forward,” said Joanna Gaynor, managing officer, Valley Central Savings Bank. “We were impressed with the functionality of the FIS core solutions, the level of FIS’ customer service and its ability to deliver on its promises. The integration capabilities of the solution will free up our employees’ time, enabling them to focus on customer satisfaction and growth.”
“The need for more robust core operating systems continues to increase in 2012,” said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. “As the demand for comprehensive capabilities for managing the current economic and regulatory pressures endures, financial institutions continue to look to FIS for the breadth of solutions offered to address the ever-changing regulatory landscape. We are excited to work with Valley Central Savings Bank in its endeavors to provide exceptional service to its customers while meeting regulatory demands.”
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. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index. 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.
For More Information:
Kim Snider, VP, FIS Global Marketing and Communications
Phone: 904.438.6278, Email: kim.snider@fisglobal.com
Mary Waggoner, SVP, FIS Investor Relations
Phone: 904.438.6282, Email: mary.waggoner@fisglobal.com