FIS (company)

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Fidelity National Information Services
Public
Traded as NYSEFIS
S&P 500 Component
Industry Financial Sector
Founded February 1, 2006
Headquarters 601 Riverside Avenue
Jacksonville, Florida, U.S.
Key people
Frank Martire
(Executive Chairman)
Gary A. Norcross
(President & CEO)
James "Woody" Woodall
(CFO)
Kevin Kealy
(CISO)
Products Banking Technology Solutions, Payment Technology Solutions, Processing Services, Information Based services
Revenue Increase$6.070 billion USD (2013)[1]
Decrease$1.064 billion USD (2013)[1]
Decrease$825.0 million USD (2013)[1]
Number of employees
55,000
Website www.fisglobal.com

Fidelity National Information Services centers on banking and payments technologies. Headquartered in Jacksonville, Florida, FIS employs more than 39,000 people and provides payment processing and banking solutions, software, services and outsourcing of the technology. FIS is 422 on the Fortune 500 and is a member of Standard & Poor’s 500 Index. Although the company retains the word "National" in its name, its stock is now traded under the ticker FIS, and this is also the preferred abbreviation.[2] FIS was ranked the #1 Financial Technology company on the FinTech100 in 2014 and 2013.[3]

On 12th August 2015, FIS purchased SunGard, a private Information Technology firm at $9.1 bn.[4]

Controversies[edit]

On July 3, 2007, Certegy Check Services, part of FNIS, announced that a worker at one of its subsidiaries stole 2.3 million consumer records containing credit card, bank account and other personal information. This estimate was later increased to 8.5 million consumer records. The next month, a law firm filed for a class-action lawsuit against CCS and parent company FNIS based on the privacy breach; the firm claims that, since CCS provides check-verification services to many major U.S. stores, "consumers do not choose to use the services of these companies but rather are forced to do so".[5]

Products[edit]

  • Active Analytics Suite
  • Biller Direct - an online bill presentment and payment solution [6]
  • Card
  • Commercial Treasury
  • Core Banking [7]
  • Document Output
    • CSF Designer
    • CSF Designer Intuition
  • eBanking
  • ePayment
  • Financial Crime Management
  • Governance, Risk and Compliance
  • Government
  • Hardware Solutions
  • Image
  • Lending
  • Loyalty
  • Mobile
  • NYCE Payments Networks - NYCE is an interbank network connecting ATMs of various financial institutions.
  • Payment Network Solutions
  • Retail Payments
  • Sales and Service
  • Technology Platforms
    • Profile - a banking application based on the open source GT.M—a transaction processing database engine maintained by FIS.[8]
  • Wealth Management Solutions
  • "Outsourced IT Management Solutions"

Acquisitions[edit]

  1. Sanchez Computer Associates, 2004 [9]
  2. Aurum Technology, 2004 [10]
  3. BankWare, 2004 [11]
  4. Pro-Soft, 2004 [11]
  5. InterCept, 2004 [12]

After the 2006 merger with Certegy Inc.,[13][14] FIS completed the following acquisitions:

  1. Marketing Solutions, Inc.
  2. Lenovo-Asia Info Technologies, Inc., Financial Service division
  3. Applied Financial Technology, Inc.
  4. eFunds Corporation (EFD)
  5. Metavante Corporation (April 2009) [15]
  6. Compliance Coach, Inc. (June 2010)
  7. Capco.,[16](October 2010)
  8. TDWI - Toronto Dominion Wealth Institutional - now rebranded as Platform Securities, 2013 [17]
  9. ProNet Solutions, Oct 2012
  10. mFoundry (January 2013)
  11. Reliance Trust Company (July 2014) [18]
  12. Clear2Pay (September 2014)[19][20]
  13. SunGard (12 Aug 2015) [21]

See also[edit]

References[edit]

External links[edit]

  • FIS — official site