Post Tagged with: "FIS"

FIS Rolls Out Cashback Rewards Program Following BP Pilot

FIS Rolls Out Cashback Rewards Program Following BP Pilot

by October 7, 2016 at 9:04 am 0 comments

EMV isn’t the only innovation coming soon to a pump near you. The financial software company FIS, which says it has been in the loyalty space for over twenty years, has just launched another such program, starting with gasoline sales. Customers in the program, which is currently offered at participating BP gas stations,Read More

Jack Henry Deal Could Add 6,300 FIs to TCH’s Faster Payments Play

Jack Henry Deal Could Add 6,300 FIs to TCH’s Faster Payments Play

by March 9, 2016 at 10:28 am 0 comments

Jack Henry & Associates, Inc., a provider of core technology solutions and payment processing services, announced yesterday an agreement with The Clearing House to advance faster payments. This deal potentially adds the 6,300 financial institutions that use Jack Henry payment solutions, many of them community banks and credit unions, to the rapidly growing fasterRead More

Amid Wild Wall Street, Fintech Outperforms Market

Amid Wild Wall Street, Fintech Outperforms Market

by August 27, 2015 at 11:08 am 0 comments

Wall Street has given investors a wild ride in recent days. That is, with the exception of fintech investors. The Bank Innovation portfolio of stocks, which includes 25 fintech companies, has dropped in value 2.24% since July 20. That compares to a loss of 9.83% for the Nasdaq since that date.Read More

SunGard Acquisition Makes FIS the Beast of Fintech

SunGard Acquisition Makes FIS the Beast of Fintech

by August 12, 2015 at 10:43 am 3 comments

Meet the new King of the Fintech Hill: FIS. Today, FIS effectively became the largest financial services technology company in the world by revenue, as it agreed to acquire SunGard for $9.1 billion. Just consider these stats for the new FIS: $9.2 billion of pro forma revenue (FY 2014); 90%Read More

Do Consumers Trust Banks Enough to Help Control Their Finances?

Do Consumers Trust Banks Enough to Help Control Their Finances?

by May 18, 2015 at 11:00 am 3 comments

Banks are exceeding customer expectations in digital services, but failing in matters of trust, according to a new survey from Fidelity National Information Services Inc. (FIS). But if they are able to leverage their digital know-how to help customers gain better control of their financial lives, consumer trust should follow,Read More

Umpqua Completes Core Update

Umpqua Completes Core Update

by April 17, 2015 at 10:58 am 1 comment

Umpqua has a brand-new core. The Portland, Ore.-based Umpqua Holdings Corp. said yesterday that it had completed its core upgrade, which was first announced last summer. The core upgrade included the integration of core systems from Sterling Financial Systems, which Umpqua acquired in April 2014, making it, Umpqua said, the West Coast’s largestRead More

ATM Innovation Is Alive and Well

ATM Innovation Is Alive and Well

by November 10, 2014 at 12:50 pm 0 comments

Financial software maker NCR released a trio of announcements this morning pushing ATM innovation forward. The Duluth, Ga.-based company is installing 2,200 advanced ATMs for the Bank of Montreal, which will allow faster transactions and “enhanced convenience, security and performance,” said Steven Nowaczyk, Head of North American ATM Channel, BMO Financial Group. NCR isRead More

Apple Pay is a Losing Proposition for Midsize Banks

Apple Pay is a Losing Proposition for Midsize Banks

by October 23, 2014 at 11:26 am 0 comments

Midsize banks are losing money on Apple Pay transactions, and the marketing value of their “partnership” with Apple is questionable, says Doug Brown, who leads the mobile strategy and product team at FIS. They will still participate, however, because they have to.

Forget the Naysayers, Payments Behavior Will Change en Masse

Forget the Naysayers, Payments Behavior Will Change en Masse

by November 7, 2013 at 10:39 am 1 comment

There is a certain gloat from reps at established FinTech vendors when they talk about Isis and Google Wallet. “It’s not like they’ve made any traction,” the vendors say, “if they ever will.” Certainly, the years since their (too) high-profile launches have not been kind to Isis and Google Wallet.Read More

Image Is Everything

Image Is Everything

by November 6, 2013 at 6:31 pm 1 comment

DENVER — Much has been made about the wonders of RDC. Much more needs to be made about the broader wonders of imaging in banking. Let me put this simply: imaging is transforming banking. Here at BAI Retail Delivery, the folks at FIS walked me through their mobile contactless paymentsRead More