FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced that Cadence Bank has expanded its relationship with FIS through the deployment of several new solutions, including electronic funds transfer (EFT) processing, ATM driving and .Compliance Databank. The EFT solution’s deep integration with the existing FIS core processor, and FIS’ state-of-the-art fraud management functionality, were key factors in Cadence’s selection to expand its relationship with FIS. FIS’ product integration provides exceptional operational efficiencies in the back-office.
Backed by more than 125 years of financial history and a trusted reputation, Cadence Bank is a regional bank with a network of over 110 locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Among the FIS solutions currently in use at Cadence Bank are core account processing and
An industry leader in EFT, FIS processes more than 14 million EFT transactions annually. Providing comprehensive solutions, with the availability of either outsourced or in-house delivery models, FIS’ EFT solutions provide complete end-to-end functionality for account opening, card production and transaction processing. ATM driving from FIS provides a reliable ATM system with the most current features and functions, delivering high availability and extensive monitoring capabilities, enabling financial institutions to provide seamless delivery of ATM products and services. Costing financial institutions billions of dollars annually, card fraud is an ongoing challenge for financial institutions and consumers alike. FIS’ comprehensive fraud management solutions provide institutions with the tools to mitigate their fraud risk. FIS currently protects more than 39 million cardholders from card fraud.
“Cadence Bank has been exceptionally pleased with the solutions and services from FIS,” said Danny Taylor, chief information officer, Cadence Bank. “Adding FIS’ EFT processing, with its seamless integration to our core solution, will provide our staff with a much more efficient system. We’ll have an industry-leading solution from a provider we trust, leading to more efficient processes for our staff. ”
“No other provider offers the breadth of solutions that FIS offers,” said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. “FIS enables financial institutions to define and deploy their own EFT growth strategy, resulting in a more personalized experience for their customers. With more than 40 years’ of experience – and thousands of clients – financial institutions can rely upon FIS to provide the innovative and industry-leading solutions they require.”
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 (fisglobal.com) serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 32,000 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 425 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.