FIS Introduces New Terminated Originator Database for Risk Mitigation

Represents a Risk-Management Solution for Tracking Terminated Originators or Third-party Senders

JACKSONVILLE, Fla.--()--FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced the introduction of the Terminated Originator Database, a new database designed for ACH Network Originating Depository Financial Institutions (ODFIs) to collaborate regarding ACH Originators and Third-party Senders that have been terminated for cause. The Terminated Originator Database is designed for financial institutions to use as part of their risk management due diligence process. It is offered by FIS through a preferred provider partnership with NACHA — The Electronic Payments Association.

The Terminated Originator Database allows ODFIs to follow the recommendations included in the NACHA Board Policy Statement on Use of a Terminated Originator Database, effective March 1, 2011, in which the contribution to and use of a database is encouraged as part of the financial institution’s due diligence process. Financial institutions will have the ability to contribute to and search the database for Originators and Third-party Senders who have been terminated for cause by other financial institutions. The Terminated Originator Database is available to any ODFI that processes transactions through the ACH Network. According to NACHA, the number of ACH transactions processed annually currently exceeds 19.4 billion.

“We strive to implement comprehensive risk management strategies that ensure high-quality ACH transactions and reduce risk for all ACH Network participants,” said Janet O. Estep, president and CEO, NACHA. “FIS’ long-term industry presence, financial stability and innovative products were key factors in our decision to join with FIS to bring the Terminated Originator Database to market.”

“Information sharing between institutions has been limited by a lack of tools and processes,” said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. “We’re excited to team with NACHA to enable institutional collaboration for sharing information on Terminated Originators and Third-party Senders. This is a key milestone for the industry and we’re proud to be leading this initiative.”

About NACHA — The Electronic Payments Association NACHA manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data. The ACH Network serves as a safe, secure, reliable network for direct consumer, business, and government payments, and annually facilitates billions of payments such as Direct Deposit and Direct Payment. Utilized by all types of financial institutions, the ACH Network is governed by the NACHA Operating Rules, a set of fair and equitable rules that guide risk management and create certainty for all participants. As a not-for-profit association, NACHA represents nearly 11,000 financial institutions via 17 regional payments associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholders to enable innovation that strengthens the industry with creative payment solutions. To learn more, visit www.nacha.org, www.electronicpayments.org, and www.payitgreen.org.

About FIS

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 serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list. For more information about FIS, visit www.fisglobal.com.

Forward-Looking Statements

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.

Contacts

Marcia Danzeisen, 904.854.5083
Senior Vice President
FIS Global Marketing and Communications
marcia.danzeisen@fisglobal.com
or
Mary Waggoner, 904.854.3282
Senior Vice President
FIS Investor Relations
mary.waggoner@fisglobal.com

Contacts

Marcia Danzeisen, 904.854.5083
Senior Vice President
FIS Global Marketing and Communications
marcia.danzeisen@fisglobal.com
or
Mary Waggoner, 904.854.3282
Senior Vice President
FIS Investor Relations
mary.waggoner@fisglobal.com