FIS Fidelity National Information Services, Inc.

Fifth Third Bank Selects FIS to Enable Real-Time Payments



FIS
(NYSE: FIS), a global leader in financial services and payment
technology, announced today that it has been selected by Fifth Third
Bank to enable real-time payments for its customers through The
Clearing House
’s RTP®, a
real-time payments system.



The bank is expected to go live with RTP® in early 2018. The
system will allow consumers and businesses in the United States to send
and receive payments instantly.



“RTP® promises to fundamentally transform the payments
landscape in the United States,” said Anthony Jabbour, chief operating
officer, FIS. “We are excited to be working with TCH and our banking
clients to realize the benefits of this breakthrough new system.”



In early 2017, FIS launched its Real-Time
Payments Incubator
service, aimed at helping U.S. financial
institutions accelerate the path to real-time payments by lowering their
cost of entry for connecting to The Clearing House (TCH) RTP®.



“As a global leader in payments technology, FIS has been a key partner
of ours to realize the vision of ubiquitous real-time payments in the
United States,” said Russ Waterhouse, executive vice president, Product
Development and Strategy at The Clearing House. “We’re excited to see
Fifth Third adopting RTP® and we look forward to FIS’ help in
bringing the benefits of this technology to many additional
institutions.”



FIS is working with a range of global financial institutions – including
ASL, Credit Suisse and Nordea – to modernize their payments
environments, expand their real-time capabilities, and update real-time
fraud and reporting systems. FIS recently released its fourth annual Flavors
of Fast
report, which identifies and tracks active real-time
payments programs around the world.



About
FIS



FIS is a global leader in financial services technology, with a focus on
retail and institutional banking, payments, asset and wealth management,
risk and compliance, and outsourcing solutions. Through the depth and
breadth of our solutions portfolio, global capabilities and domain
expertise, FIS serves more than 20,000 clients in over 130 countries.
Headquartered in Jacksonville, Fla., FIS employs more than 53,000 people
worldwide and holds leadership positions in payment processing,
financial software and banking solutions. Providing software, services
and outsourcing of the technology that empowers the financial world, FIS
is a Fortune 500 company and is a member of Standard & Poor’s 500®
Index. For more information about FIS, visit www.fisglobal.com.



Follow FIS on Facebook (facebook.com/FIStoday)
and Twitter (@FISGlobal).



Forward-Looking Statements



This press release may contain statements, estimates or projections that
constitute “forward-looking statements” pursuant to the safe harbor
provisions of the U.S. federal securities laws. Generally, the words
“believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,”
“will” and similar expressions identify forward-looking statements,
which generally are not historical in nature. Forward-looking statements
are subject to certain risks and uncertainties that could cause actual
results to differ materially from FIS’ historical experience and our
present expectations or projections. These risks include, but are not
limited to, changes in general economic, business and political
conditions, developmental and conversion delays or disruptions inherent
with new software products, technology and outsourcing solutions, and
risks of reduction in revenue from the elimination of existing and
potential customers due to consolidation in or new laws or regulations
affecting the banking, retail and financial services industries, changes
in the growth rates of the markets for our solutions, and other risks
detailed in our filings with the Securities and Exchange Commission
(SEC), including the “Risk Factors” section of our Annual Report on Form
10-K for the year ended December 31, 2016, and subsequent SEC filings.
You should not place undue reliance on forward-looking statements, which
speak only as of the date they are made. FIS undertakes no obligation to
publicly update or revise any forward-looking statements.




07/12/2017
0 pages
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