FIS and The Bankers Bank Sign Exclusive Agreement for FIS Payment, Network, Card and Item Processing Services
November 14, 2007
JACKSONVILLE, Fla. - Fidelity National Information Services, Inc. (NYSE:FIS) today announced that The Bankers Bank, the largest organization dedicated solely to correspondent banking in the U.S., has signed an exclusive agreement to remarket FIS' Corporate Capture and Remittance Processing payment services and Network Services. In addition, FIS will be the exclusive provider of credit card processing services to The Bankers Bank clients. This partnership expands the existing strategic relationship between FIS and The Bankers Bank.
The Bankers Bank is a leading national correspondent bank chartered specifically to serve the needs of community financial institutions across the United States. The Bankers Bank currently serves more than 1,400 community financial institutions.
"The Bankers Bank believes in the power of partnership," said Tom Bryan, president and chief executive officer of The Bankers Bank. "When we started in 1986, we wanted to develop a superior suite of solutions for community banks. Our strategic alliance with FIS was formed 20 years ago to offer our community bank clients unrivaled core processing and item processing solutions. The expansion of our relationship with FIS for corporate payments is very complementary to our overall payment solutions strategy and allows The Bankers Bank to round out the suite of leading technology solutions that we provide to community banks."
The Bankers Bank's strategic partnership with FIS has been one of strategic growth for both companies over the last 20 years. Most recently, the financial institution converted to FIS' HORIZON(TM) core processing platform in 2005. Under the new agreement, The Bankers Bank will now exclusively leverage two of FIS' strongest payment processing platforms.
"With the largest footprint of networked capturing facilities (48 capture centers) and our large-volume credit card processing capabilities, FIS is best-equipped to provide leading payment solutions to clients of The Bankers Bank - particularly as it continues to expand its presence," said Gary Norcross, president of FIS' Integrated Financial Solutions division. "The comprehensive payment processing solutions provide financial institutions with faster funds, greater efficiency, reduced risks and more options from a single provider."
About The Bankers Bank
The Bankers Bank is a leading national correspondent bank chartered specifically to
serve the needs of community financial institutions across the U.S. Headquartered in Atlanta, Ga., The Bankers Bank has developed a comprehensive suite of products and services that include card services, payment solutions, lending, investments, consulting, insurance programs and technology outsourcing solutions. The Bankers Bank has grown to more than $2 billion in assets, more than 380 employees, and a customer base in excess of 1,400 financial institutions, over the last two decades. In addition to the main office in Atlanta, Ga., regional and loan production offices are located in Baltimore, Md.; Birmingham, Ala.; Charlotte, N.C.; Chicago, Ill.; Cincinnati, Ohio; Denver, Colo.; Los Angeles, Calif.; Nashville, Tenn.; San Diego, Calif.; San Francisco, Calif.; Seattle, Wash., and Tampa, Fla. For more information about The Bankers Bank, visit www.bankersbank.com or call 800.277.2265.
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. Approximately 50 percent of all U.S. residential mortgages are processed using FIS software. FIS is a member of Standard and Poor's (S&P) 500® Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insight in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 9,000 financial institutions in more than 80 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.
For additional information contact:
Michelle Kersch
Sr. VP
Marketing and Corporate Communications
Marketing Communications
Phone: 904-854-5043
Email: michelle.kersch@fnis.com
