Fidelity National Information Services Announces Processing Relationship with St.George Bank
Posted on Wed, May. 07, 2008
By Fidelity National Information Services
JACKSONVILLE, Fla., May 7 --
Fidelity National
Information Services, Inc. (NYSE: FIS), the worldwide leader in processing and
technology solutions for financial institutions, announced today that
Australia's St.George Bank Limited (St.George) has completed its credit card
platform upgrade to FIS' BASE 2000 software.
St.George's transition to the new credit card system is part of its long-
term plan to provide enhanced services and choices to its customers. When
faced with the option of continuing with the existing system or upgrading to a
new platform, St.George chose to partner with FIS.
"Upgrading the credit card platform is an essential part of our ongoing
strategy to provide market-leading products and services to our customers and
to grow the bank's market share in credit cards," said Ed Box, head of
consumer lending for St.George. "We needed a system flexible enough to allow
the launch of product and service ideas without the traditionally long lead
times associated with major software changes. Moving to BASE 2000 - a system
that is used by banks around the world - means St.George will be able to offer
world-class credit card products and services to its customers. As a result,
St.George's customers will be among the first in the country to benefit from
any new developments in the credit card products and services arena."
"We are happy to be entering into this long-term relationship with
St.George," said Richard Palmer, FIS' managing director in Australia. "This
relationship with St.George is indicative of FIS' continued growth in the
region and its commitment to be the provider of choice among the region's
banks and other providers of financial services."
FIS already processes credit and debit cards for many banks in the region,
including National Australia Bank, Macquarie Bank, Bank of New Zealand and
Krung Thai Card, the largest issuer of credit cards in Thailand. Adding
St.George to FIS' growing list of clients brings the total number of accounts
supported out of FIS' Melbourne office to more than 7 million.
About St.George Bank Limited
St.George is Australia's fifth largest retail bank and one of the top 20
publicly listed companies in Australia, employing more than 9,000 people. Its
national operations span all aspects of the financial industry including
retail banking, institutional and business banking, and wealth management. At
the Bank's core is a close relationship with its customers and this remains
the cornerstone of future strategies - an important tradition that
distinguishes St.George from other Australian Banks.
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE: FIS) is a leading
provider of core processing for financial institutions; card issuer and
transaction processing services; mortgage loan processing and mortgage-related
information products; and outsourcing services to financial institutions,
retailers, mortgage lenders and real estate professionals. FIS has processing
and technology relationships with 35 of the top 50 global banks, including
nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500(R) Index
and has been ranked the number one overall financial technology provider in
the world by American Banker and the research firm Financial Insight in the
annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS
maintains a strong global presence, serving more than 9,000 financial
institutions in more than 80 countries worldwide. For more information on
Fidelity National Information Services, please visit
www.fidelityinfoservices.com.
Forward-Looking Statements
This press 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.
SOURCE Fidelity National Information Services
Michelle Kersch, Senior Vice President, Corporate Communications, +1-904-854-5043, michelle.kersch@fnis.com, or Mary Waggoner, Senior Vice President, Investor Relations, +1-904-854-3282, mary.waggoner@fnis.com, both of Fidelity National Information Servic
Join the discussion
The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from personal comments and remarks that are off point. In order to post comments, you must be a registered user of MiamiHerald.com. Your username will show along with the comments you post. Not a registered user? It's Free!
Register here. Thank you for taking the time to offer your thoughts.