FIS Payments Network Enables Real-time, Mobile-driven Payments for Merchant Customer Exchange (MCX) Members

  FIS Payments Network Enables Real-time, Mobile-driven Payments for Merchant
  Customer Exchange (MCX) Members

Key Facts

  *Merchant Customer Exchange (MCX), owned by major U.S. retailers, selects
    FIS to power its payments network for secure, real-time mobile payment
    transactions.
  *This new agreement showcases FIS’ leadership position in delivering
    premier payments network and mobile-driven financial service solutions to
    banks and retailers of all sizes.
  *Consumers will be able to use smartphones and tablets to purchase goods
    and services, offering consumers a personalized payment experience
    integrated with participating merchant offers, promotions, loyalty and
    other services at their favorite MCX merchants.

Business Wire

JACKSONVILLE, Fla. -- July 11, 2013

Consumers who buy goods and services from MCX members will soon be able to pay
using virtually any smartphone or tablet at the point of sale. MCX selected
FIS™ (NYSE: FIS), the world’s largest provider of banking and payments
technology, to power its new mobile commerce payments network.

The relationship with MCX strengthens FIS’ cross-industry leadership position
in delivering innovative payments network and mobile-driven financial services
solutions to banks and retailers of all sizes. MCX members include leading
merchants that account for an estimated $1 trillion in annual sales. Virtually
any U.S. consumer with a smartphone will be able to use MCX’s mobile-commerce
network, leveraging FIS’ real-time payments network infrastructure and
expertise to authorize and execute transactions in real-time, ensuring secure
and instantaneous payments.

“FIS is honored to partner with this group of leading merchants to provide
transaction services to enable a safe and easy mobile payment offering,” said
Nancy Langer, EVP, Money Movement, FIS. “We understand deeply that financial
institutions and retailers desire best-in-class mobile payment services to
enhance relationships with their customers. Through our payments network
technology and experience, we will enable MCX merchants to provide their
customers with the ability to shop and pay via their mobile devices.”

FIS will provide MCX with a suite of services that will help bring its mobile
commerce solution to the marketplace, including world-class payment
processing, payments network infrastructure, routing and settlement, allowing
MCX to authorize and execute transactions in real-time. FIS’ premier
transaction processing solution is used by all sizes of financial
institutions, networks, retailers and third-party processors worldwide.

“When we were looking for a payments network partner, FIS was the standout
choice,” said MCX’s Dodd Roberts. “FIS’ ability to deliver a payments network
that meets MCX requirements, coupled with their depth of payments knowledge,
experience and expertise embody what MCX will offer its customers – a
cutting-edge, highly reliable, versatile mobile payments network platform.”

MCX was created by a group of the nation's leading merchants with a singular
purpose of offering consumers a customer-focused, versatile and seamlessly
integrated mobile-commerce platform.

The company is led by merchants such as 7-Eleven, Inc.; Alon Brands; Bed Bath
& Beyond Inc.; Best Buy Co., Inc.; Brinker International, Inc.; Circle K;
CVS/pharmacy; Darden Restaurants; DICK’s Sporting Goods; Dillard’s, Inc.;
Dunkin’ Brands; Gap Inc.; HMSHost; Hobby Lobby Stores, Inc.; Hy-Vee, Inc.;
Kohl’s Department Stores; Lowe’s; Meijer; Michaels Stores, Inc.; Pacific
Convenience & Fuels LLC; Phillips 66; Publix Super Markets, Inc.; QuikTrip
Corporation; RaceTrac; Sears Holdings; Sheetz, Inc.; Shell Oil Products U.S.;
Southwest Airlines; Sunoco, Inc.; Target Corp.; Wakefern Food Corp.; Wal-Mart
Stores, Inc.; and Wawa.

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 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 434 on the Fortune 500 and is a
member of Standard & Poor’s 500^® Index. For more information about FIS, visit
www.fisglobal.com.

Contact:

Kim Snider, 904.438.6278
Vice President
FIS Global Marketing and Communications
kim.snider@fisglobal.com
or
Mary Waggoner, 904.438.6282
Senior Vice President FIS Investor Relations
mary.waggoner@fisglobal.com
 
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