KeyBank Selects FIS to Support its Payment Transformation Initiatives with Launch of Prepaid Card Offerings

  KeyBank Selects FIS to Support its Payment Transformation Initiatives with
  Launch of Prepaid Card Offerings

  *FIS will provide a full front-to-back prepaid payroll solution for
    KeyBank’s business and public sector clients

Business Wire

JACKSONVILLE, Fla. -- July 25, 2013

FIS™ (NYSE: FIS), the world’s largest provider of banking and payments
technology, today announced that Cleveland-based KeyBank has selected it to
provide a full front-to-back prepaid solution that will enable the bank to
create a new payments channel for its business and public sector clients. The
multi-year agreement – which will include transaction processing, integrated
voice response for customer care and card fulfillment – will offer KeyBank’s
clients a way to improve customer satisfaction and efficiencies by making
funds more easily available to their customers.

“KeyBank sought a suite of prepaid-based payment product offerings that
delivered benefits to its customers,” said Anthony Jabbour, EVP, North
American Financial Institutions, FIS. “Our longstanding relationship with
KeyBank allowed us the ability to analyze their entire payment landscape and
provide customized solutions aligned with their commercial payments strategy.”

That strategy is relationship-based, allowing KeyBank to be a strategic
advisor for the payment needs of its customers and clients. The unique nature
of open-loop, reloadable prepaid cards aligns perfectly with this approach by
giving card beneficiaries easy access to funds, while creating new
efficiencies for corporate and public sector clients – particularly those
migrating from paper-based processes.

“Our existing strategic relationship with FIS and their proven strengths as a
prepaid solution provider were major factors for us when selecting FIS,” said
Brandon Nowac, Product Manager, Commercial Prepaid Cards, Enterprise
Commercial Payments at KeyBank. “This new partnership allows us to expand our
focus on relationship banking, reaching customers in ways that fit their
needs, and better positions us to meet the needs of public sector clients who
are looking for ways to cut costs while assisting beneficiaries. This is
another example of how well KeyBank and FIS work together to service our

FIS is the world’s largest prepaid processor, processing more than 775 million
transactions annually, across more than 36 countries and 14 currencies.

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


Kim Snider, 904.438.6278
Vice President
FIS Global Marketing and
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
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