FIS Demonstrates the Latest Mobile Innovations that Are Supporting More than
20 Million Users at FinovateSpring 2013
*FIS is the industry’s leading provider of mobile financial services,
supporting more than 20 million consumers.
*FIS to showcase the FIS Mobile Wallet with Cardless Cash Access, winner of
the BAI Payments Innovation award, at FinovateSpring 2013.
*The bank-branded solution gives financial institutions full management of
the customer experience with the security of a cloud-based platform.
JACKSONVILLE, Fla. -- May 9, 2013
Dominating the mobile financial services market through the support of more
than 20 million consumers, FIS™ (NYSE: FIS), the world’s largest provider of
banking and payments technology, announces it will be showcasing its latest
mobile innovation, the FIS Mobile Wallet with Cardless Cash Access, at
FinovateSpring 2013 in San Francisco on Tuesday, May 14. The FIS Mobile Wallet
is a white-labeled, cloud-based mobile payment and offer redemption solution
that allows financial institutions to fully brand and manage the customer
experience, while offering consumers convenience and best-in-class security.
“With more than 20 million mobile users, FIS is leading the market to make
this new era of mobile banking and payments easily accessible to consumers and
their financial institutions,” said Douglas Brown, SVP and GM, FIS Mobile.
“We’re excited to show Finovate attendees mobile innovations that greatly
expand how mobile devices can be used to create a personalized and streamlined
financial transaction experience. At FIS, we’re focused on delivering mobile
solutions that make a true difference to our clients and the business
customers and consumers they serve.”
Brown will demonstrate and detail the value that the cloud-based mobile wallet
can provide financial institutions, merchants and consumers.
Integrated into a business’ existing mobile application, the FIS Mobile Wallet
enables the issuer to facilitate mobile commerce, maintain control of customer
and transaction data and, most importantly, keep an institution’s brand at the
center of the customer experience. Consumers benefit from the convenient and
easy-to-use mobile solution as well as financially from coupons, loyalty
programs and merchant-funded rewards.
The platform ensures unmatched security as card information and payment
credentials are never kept on the phone or passed to the merchant at the POS,
but rather stored in the cloud. Two-factor authentication is required for
FIS offers the most robust set of mobile capabilities in the market, and the
FIS Mobile Wallet with Cardless Cash Access is one component of FIS’ mobile
financial services suite. Earlier this year, FIS acquired mFoundry, a foremost
provider of mobile banking and payment solutions, resulting in the rapidly
increased rate of innovation delivery within FIS’ mobile business, and also
won the BAI Payments Innovation award. FIS continues to build its lead in the
mobile banking market by providing strategic solutions to its clients and
their more than 20 million mobile users and more than 3 million mobile deposit
FinovateSpring 2013 will be held at the San Francisco Design Center Concourse,
635 8^th Street, in San Francisco.
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 35,000
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
FinovateSpring is a demo-based conference for innovative startups and
established companies in the fields of banking and financial technology. Held
in San Francisco, the event offers an insight-packed glimpse of the future of
money via a fast-paced, intimate and unique format. FinovateSpring is
organized by The Finovate Group. For more information on the event or to view
videos of previous demos, please visit www.finovate.com/spring2013.
Kim Snider, +1.904.438.6278
FIS Global Marketing and
Mary Waggoner, +1.904.438.6282
Senior Vice President
FIS Investor Relations
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