Fidelity National Information Services, Inc. - FIS STOCK NEWS

Bank of Hawaii has expanded its partnership with FIS to enhance its digital banking services amidst the ongoing Covid-19 pandemic. The collaboration focuses on implementing FIS Digital One, a low-code digital banking platform aimed at modernizing customer experiences across online and mobile channels. This initiative aligns with the bank's commitment to meet evolving customer needs and further solidifies its 32-year relationship with FIS. The platform allows for easy integration with third-party fintech solutions, enabling personalized customer offerings and insights.

FIS is set to announce its first quarter 2021 financial results on May 6, 2021, prior to market opening. A live webcast of the earnings conference call for investors will begin at 8:30 a.m. EDT on the same day, accessible through the company’s Investor Relations page. FIS, a leader in financial services technology, aims to advance payment, banking, and investment solutions globally, providing innovative technology solutions to its clients.

The COVID-19 pandemic has led to a notable shift in U.S. consumer banking habits, with a FIS survey revealing that 20% of respondents switched to a new bank in the past year. A significant 33% sought better benefits, such as higher savings yields. Major banks are preferred by 37% of new customers, while credit unions attract 18% and direct banks 17%. Demographic trends indicate that Gen Z is primarily motivated by benefits, while Senior Millennials are influenced by life changes. FIS emphasizes the need for banks to enhance digital services to meet evolving consumer demands.

FIS (NYSE: FIS), a leader in financial services technology, will present at the BofA Securities 2021 Electronic Payment Virtual Symposium on March 22, 2021, at 1:00 PM EDT. Interested parties can access a live audio webcast and replay through the Investor Relations section of FIS’ website. Headquartered in Jacksonville, Florida, FIS provides innovative technology solutions for merchants, banks, and capital markets globally, helping clients solve critical business challenges.

FIS has launched a groundbreaking student loan repayment program for U.S. college graduates hired through its University program. This initiative, the first in the financial services sector, aims to alleviate the $1.5 trillion student debt burden. After one year of employment, FIS will begin repaying principal loan balances, with full repayment expected after 10 years for those who remain with the company. Approximately 400 students are anticipated to join the program in 2021, reflecting FIS's commitment to investing in future leaders and addressing the financial challenges faced by graduates, particularly among minorities.

Fidelity National Information Services (FIS) has announced the pricing terms for its cash tender offer, targeting a maximum repurchase of $566.96 million in various senior notes. The notes included in this offer are due in 2027, 2028, 2029, and 2046. As of March 8, 2021, significant amounts of these senior notes have been tendered, and the Total Consideration for each series will be paid on March 10, 2021. The Maximum Tender Offer expires on March 22, 2021, and will not accept notes tendered after the early tender date.

Fidelity National Information Services (FIS) announced early tender results for its cash tender offer, increasing the maximum repurchase amount from $500 million to approximately $566.96 million. This offer targets its outstanding senior notes due from 2027 to 2046. As of the Early Tender Date, significant amounts of multiple series of notes were validly tendered and accepted. The Maximum Tender Offer will close on March 22, 2021, unless extended. Holders of the notes accepted will receive Total Consideration, including an Early Tender Payment of $50 per $1,000 of notes.