Pivotal Payments Selects FIS for EFT Solutions

JACKSONVILLE, Fla.--()--FIS™ (NYSE: FIS), the world’s largest provider of banking and payment technology, today announced Pivotal Payments has teamed with FIS to deploy FIS’ EFT software solutions in support of its new HD3 merchant services processing platform.

FIS’ robust software provides Pivotal Payments with real-time access to data, resulting in faster response times and tougher fraud protection measures. In addition, the scalable platform allows Pivotal Payments to further tailor their services to meet the needs of their partners and merchants. FIS will work collaboratively with Pivotal Payments as host and operator of the HD3 processing solution through a facilities management arrangement.

“FIS’ EFT software solutions combined with Pivotal’s internal systems will create the HD3 clearing, settlement and accounting platform. This combination will cement Pivotal Payments as one of the few merchant processors with a fully integrated North American back-end and back-office processing solution,” said Philip Fayer, president and CEO, Pivotal Payments. “As an organization, we are committed to excellence through innovation and this partnership will further enhance not only our internal capabilities, but also increase our level of service to our partners and merchants.”

“We are pleased to team with Pivotal Payments in support of their new processing platform,” said Frank D’Angelo, executive vice president, FIS Payment Solutions Group. “The efficiencies Pivotal Payments will experience as a result of this deployment will provide them with excellent growth opportunities. Using the facilities management delivery model, they will not be bound by hardware constraints and will have the flexibility to expand their business without extensive infrastructure expenses.”

About Pivotal Payments

Pivotal Payments is a leading provider of merchant services such as credit and debit card processing, electronic check conversion, merchant cash-advance programs, loyalty/gift card programs, and terminal management solutions. The company provides these services to small and mid-sized retail businesses, mail order/telephone order merchants, e-commerce, chain stores, franchises, restaurants and dealerships. With offices across North America, Pivotal Payments has grown to over 350 employees and over 1000 agents. It has customers in the USA and Canada and processes over US$8 billion in annual volume.

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 30,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list. For more information about FIS, visit www.fisglobal.com.

Forward-Looking Statements

This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.

Contacts

Marcia Danzeisen, 904.854.5083
Senior Vice President
FIS Global Marketing and Communications
marcia.danzeisen@fisglobal.com
or
Mary Waggoner, 904.854.3282
Senior Vice President
FIS Investor Relations
mary.waggoner@fisglobal.com
or
Keith Birdsong, 214.213.7779
Pivotal Payments Vice President and Chief Technology Officer
kbirdsong@pivotalpayments.com

Release Summary

Pivotal Payments has teamed with FIS to deploy FIS’ EFT software solutions in support of its new HD3 merchant services processing platform.

Contacts

Marcia Danzeisen, 904.854.5083
Senior Vice President
FIS Global Marketing and Communications
marcia.danzeisen@fisglobal.com
or
Mary Waggoner, 904.854.3282
Senior Vice President
FIS Investor Relations
mary.waggoner@fisglobal.com
or
Keith Birdsong, 214.213.7779
Pivotal Payments Vice President and Chief Technology Officer
kbirdsong@pivotalpayments.com