At the same ceremony, two FIS clients also received awards. Australia’s Woolworths Ltd. was named Leading Prepaid Organisation in Asia and Advanced Payment Solutions (APS) was named Best Prepaid Programme Manager.
The annual Prepaid Awards recognize the significant achievements and successes of the prepaid sector. The Leading Prepaid Organisation designations are awarded to organisations that operate in the prepaid industry and have made a significant contribution to the growth and development of the prepaid marketplace on a local, regional or global level.
A world leader in the prepaid industry, FIS processes more than 100 million prepaid cards. FIS provides robust, end-to-end solutions for the development, processing and administration of prepaid programs. These solutions encompass all aspects of prepaid card processing – including account set up and management, card production and personalization, inventory management and customized distribution solutions, transaction processing, fraud detection and prevention, funds settlement, call center and IVR/VRU customer service, dispute processing, detailed reporting and mobile and Web hosting services.
With more than 80 years of experience, Woolworths is a leading retailer in both Australia and New Zealand. Woolworths operates through different brands across a range of businesses including supermarkets, petrol, liquor, general merchandise, hardware, consumer electronics, hotels and pubs. Since 2007, Woolworths has embarked on an ambitious financial services programme offering credit cards, ATM services, gift cards and general-purpose prepaid cards to the 14 million customers that visit its stores each week. FIS serves as Woolworths’ premier provider for prepaid card processing, including card acquisition and transaction processing services.
London-based APS is one of Europe's most innovative payment solutions companies. APS facilitates payments for both consumers and businesses and also supports payment solutions for government councils throughout the UK. FIS is the processor for all of APS prepaid offerings.
“We've built a reputation for innovative, functional payment solutions,” said Rich Wagner, chief executive officer, APS. “We are pleased to have received this distinctive recognition of Best Prepaid Programme Manager recognizing the contributions we have made to the prepaid market.”
“We strive to provide our customers with the best quality, service and offerings,” said Dhun Karai, head of Group Financial Services, Woolworths Ltd. “The team are pioneers in recognizing the commercial and social benefits of prepaid cards beyond just gift cards. Our prepaid card offerings enable customers to have secure and varied choices and are targeted to the youth, budget-conscious and government agencies. It is an honor to be recognized as the Leading Prepaid Organisation in Asia.”
“In 2010, FIS processed more than 750 million prepaid card transactions, representing over $34 billion in value,” said Mark Davey, executive vice president, FIS International Solutions Group. “Our position as a market leader in this space continues to be solidified through our ongoing growth and recognition by the industry. We are delighted to have received this award and are proud to be working with such a broad and successful client base. Our congratulations go to Woolworths and APS for their well-deserved awards.”
About Advanced Payment Solutions Ltd (APS)
With almost 600,000 cards issued and over £750,000, 000 in payment turnover, APS is one of the world’s most innovative payment solutions companies and the most awarded prepaid card provider in Europe. The company’s flagship product, the award-winning Cashplus prepaid Gold MasterCard, is the UK’s first and best known general purpose prepaid card for consumers.
Small-to-medium sized businesses (SME) and government bodies alike are also now enjoying the benefits of APS’ flexible payment solutions, with nearly 3,000 companies and a range of local councils now using Cashplus cards to streamline their payments, manage expenses and take control of their day-to-day banking.
For more information about APS and the range of products available, please visit apsgroup.com and mycashplus.co.uk/.
FIS (fisglobal.com) 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 33,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is ranked third on the Barron’s 500, 426 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.
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.
For More Information:
Mary Waggoner, SVP, FIS Investor Relations
P: 904.438.6282 / E: mary.waggoner[.]fisglobal.com.