Fidelity National Information Services, Inc. - FIS STOCK NEWS

FIS has announced a partnership with Commerce Bank to provide a comprehensive card-based loyalty solution. This collaboration aims to enhance customer satisfaction and operational efficiency for Commerce Bank's loyalty program management. Key features of the partnership include:

1. FIS will offer an end-to-end loyalty program management platform to Commerce Bank, a top-50 U.S. bank with over $30 billion in assets.

2. Commerce Bank will leverage FIS Premium Payback, allowing customers to pay with reward points seamlessly at the point of sale.

3. The new loyalty program will offer faster, more flexible innovation, including new customer marketing capabilities, faster product roll-out, and back-end support for various processes.

4. This partnership is expected to help Commerce Bank upgrade from a traditional, transaction-based loyalty program to one that generates more meaningful and long-term customer engagement.

FIS has been named one of TIME's World's Best Companies of 2024, a prestigious recognition of top-performing and responsible companies. The ranking, compiled in partnership with Statista, evaluates companies based on employee satisfaction, revenue growth, and sustainability. FIS received an impressive overall score of 87.59 out of 100.

As of Sept. 18, 2024, FIS had outpaced the S&P 500 in total shareholder returns by 24% year-to-date. The company's success is attributed to its commitment to growth while positively impacting colleagues, clients, and communities. FIS recently published its fifth annual Global Sustainability Report, highlighting achievements in empowering individuals and businesses in the digital economy, protecting clients and the financial system, and advancing workforce initiatives.

FIS also launched Atelio™, a fintech platform for embedding financial services into various offerings. The company's strong performance in 2024 includes robust financial results, new solution launches, and recognition of its leadership, with President & CEO Stephanie Ferris named American Banker's 2024 Most Influential Woman in Fintech.

A new FIS survey of over 1,000 Singapore banking customers reveals enhanced security as their top online banking priority. 56% of respondents believe online banking fraud attempts are increasing, with Millennials experiencing the most incidents. The survey found:

1. 92% of consumers are concerned about online banking fraud
2. 'Money lock' to prevent withdrawals is the most desired security innovation
3. 86% prioritize feeling confident their personal information and assets are secure
4. 51% of fraud victims received full refunds from their banks

The survey also highlights a need for balance between convenience and security in online banking interactions. FIS is investing in AI and machine learning to help banks combat sophisticated fraud attempts and protect customer trust.

FIS, a global financial technology leader, has announced the 2024 cohort for its FIS Accelerator Program, now in its ninth year. The program aims to support and propel fintech startups through a 12-week intensive initiative. Nine innovative companies have been selected to participate, focusing on various aspects of financial services including AI-driven solutions, digital platforms, and compliance tools.

Participants will receive expert guidance, mentorship, and access to funding from FIS to refine their product strategies and scale their businesses. The cohort includes companies like Finli, Kipp, RiskScout, and Prelim, among others, each offering unique solutions to enhance financial operations and services.

FIS, a global leader in financial technology, has announced its participation in the upcoming Goldman Sachs Communacopia + Technology Conference. The company, listed on the NYSE under the ticker FIS, will present on Wednesday, September 11, 2024, at 9:30 a.m. PDT.

Investors and interested parties can access a live audio webcast of the presentation through the Investor Relations section of FIS' official website, www.fisglobal.com. For those unable to attend the live event, a replay will also be made available on the same platform.

This presentation at a prominent technology conference provides an opportunity for FIS to showcase its latest innovations and strategies in the financial technology sector, potentially impacting investor sentiment and stock performance.

FIS, a global financial technology leader, has announced a partnership with Neural Payments to enhance peer-to-peer (P2P) payment capabilities for its clients. The collaboration leverages FIS's NYCE debit rails and global scale to simplify P2P transactions. Key features include:

1. Integration within institutions' mobile banking apps, eliminating the need for separate P2P applications.
2. Recipients can accept funds even if their institution doesn't use Neural Payments.
3. Payments can be settled via mobile wallets, debit cards, FedNow, and The Clearing House RTP.
4. The P2P market is projected to grow from $2.21 trillion in 2022 to $11.62 trillion by 2032.

This partnership aims to streamline money movement for the increasingly digital consumer and is available for immediate use by financial institutions of all sizes.

FIS reported strong Q2 2024 results, raising its full-year outlook. Revenue increased 3% on a GAAP basis and 4% on an adjusted basis to $2.5 billion. GAAP Diluted EPS was $0.43, while Adjusted EPS rose 79% to $1.36. Adjusted EBITDA margin expanded 110 basis points to 40.1%. The company repurchased $1.1 billion of shares in Q2 and announced a new $3 billion share repurchase authorization.

Banking Solutions revenue grew 3% to $1.7 billion, while Capital Market Solutions revenue increased 7% to $722 million. FIS remains committed to shareholder returns, targeting $4.0 billion in share repurchases for 2024. The company raised its full-year revenue outlook and increased its adjusted EPS outlook to $5.03 - $5.11.

FIS, a global financial technology leader, has announced a partnership with Curinos, a data intelligence company, to enhance deposit optimization for clients using FIS' IBS and HORIZON core banking platforms. This collaboration aims to help financial institutions achieve deposit goals, maintain resilience against economic challenges, and offer competitive interest rates to customers.

The partnership addresses obstacles faced by financial institutions, including fluctuating interest rates, regulatory demands, and slowing deposit growth. By leveraging Curinos' data-driven tools, FIS clients can make more informed and profitable decisions. Curinos clients have typically outperformed non-users, experiencing deposit pricing advantages as high as 15bps in various rate environments.

This alliance is part of FIS' strategy to provide innovative, data-driven solutions to regional and community banks, helping them compete effectively in changing market conditions. The collaboration combines FIS' robust customer relationships with Curinos' deposit data and optimization capabilities, empowering clients to achieve their funding goals more efficiently.

FIS (NYSE: FIS), a leading global financial services technology provider, has declared a regular quarterly dividend of $0.36 per common share. This dividend will be payable on September 24, 2024, to shareholders of record at the close of business on September 10, 2024. The announcement demonstrates FIS's commitment to returning value to its shareholders through consistent dividend payments.