• FIS leverages its cloud-based mobile commerce platform to launch contactless payments in its Milwaukee facilities;
• Provides more than 3,000 employees with convenient, fast way to pay for purchases in Milwaukee campus cafeterias using iOS and Android mobile devices;
• Can be used with any credit or debit card, or the FIS Valutec card;
• Enables employees to receive and use offers and discounts via their mobile phones.
Recognizing increased demand for mobile payment solutions within its own walls, FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced it has deployed the FIS Mobile Wallet in the cafeterias of its Milwaukee campuses. More than 3,000 employees can now use the cloud-based mobile payment and coupon technology to make cafeteria purchases with iOS or Android-based mobile devices.
“We are thrilled to bring the FIS Mobile Wallet to our employees,” said Douglas Brown, senior vice president, FIS Mobile Financial Services. “We are demonstrating FIS’ innovation and getting employees engaged in the latest developments we offer in the market. By showcasing this advanced mobile technology in our facilities, we are giving visiting clients and prospects an opportunity to experience the FIS Mobile Wallet firsthand.”
The largest of its U.S.-based campuses, FIS’ Milwaukee campus is comprised of five locations. The FIS Mobile Wallet provides FIS employees a way to pay for purchases with their smartphone – instead of with cash or cards. Employees with iOS or Android™ smartphones can download the FIS Mobile Wallet app, select their choice of payment as credit, debit or FIS stored value card, and then use the solution to complete a purchase. FIS employees using this payment option will experience:
• Better protection: The FIS Mobile Wallet stores end-user account information securely in the cloud, and the app can be deactivated remotely if the mobile device is lost or stolen.
• Better payment experience: Integration with the FIS loyalty card allows employees to earn loyalty points, redeem offers and pay in a faster checkout process.
• Better value: The FIS Mobile Wallet delivers real-time incentive offers and rewards targeted to Milwaukee-based employees.
• Better budgeting: Employees can track and manage their spending with the FIS Mobile Wallet history and electronic receipt feature.
“Market-wide demand for mobile wallets has been growing quickly, but a lack of hardware infrastructure has slowed the growth of NFC-based products,” stated Dave Kaminsky research analyst, Mercator Advisory Group. “By developing a software-centric solution, FIS is enabling consumers, merchants and financial institutions to participate in the mobile wallet experience without requiring the addition of expensive hardware.”
Launched earlier this year, the FIS Mobile Wallet is a software-only offering enabling easy deployment for financial institutions, retailers and consumers. The cloud-based architecture is compatible with existing point-of-sale equipment and compatible with current iOS and Android mobile devices.
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 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.