JACKSONVILLE, Fla.--(BUSINESS WIRE)--Forgotten passwords may be a thing of the past for FIS Mobile users thanks to the addition of biometrics by FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions. Most importantly, this breakthrough adds improved security to further ensure that only authorized users can access their accounts.
FIS provides biometric access to its Mobile Banking application via Apple’s TouchID. With this, FIS will become the first provider to offer fingerprint access to its Cardless Cash ATM application when it allows fingerprint authentication beginning in April. This advancement, which makes account balances and access to cash only one touch away, underscores FIS’ commitment to nonstop, secure innovation and improvement of the customer experience.
“One-touch Cardless Cash® is unlike anything else in the market,” said Douglas Brown, Senior Vice President and General Manager, Mobile Financial Services, FIS. “The ability to access your account and withdraw money with just your fingerprint will make ATM access faster, safer and easier for users. It’s a true homerun.”
Equally enthusiastic about this latest technology is The Bancorp, one of the first financial services companies to offer to its banking customers biometric security in mobile.
"We are committed to providing stellar customer experiences, letting our customers bank when, where and how they want to, with the highest security," explained Pete Chiccino, CIO, The Bancorp. "As a leader in financial technology and banking services, The Bancorp is delighted to partner with FIS in offering fingerprint access to our customers. It's something they can¹t currently get anywhere else."
A leader in the field of mobile commerce, FIS remains committed to continually advancing security and ease of access to its more than 30 million active mobile users. Biometrics represent superior two-factor authentication – your mobile device and your fingerprint combine to confirm your identity. Biometric access with Touch ID to Cardless Cash will arrive in April. Android users will have biometrics access later this year.
The security improvements biometrics offer were a topic of discussion at the White House Summit on Cybersecurity and Consumer Protection, Feb. 13, at Stanford University, which FIS was invited to attend due to its role supporting the Department of Homeland Security and other cybersecurity researchers on behalf of the global financial industry.
FIS is a global leader in banking and payments technology as well as consulting and outsourcing solutions. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 40,000 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 426 on the Fortune 500 and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.
This press release may contain statements, estimates or projections that constitute “forward-looking statements” pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from FIS’s historical experience and our present expectations or projections. These risks include, but are not limited to, changes in general economic, business and political conditions, developmental and conversion delays or disruptions inherent with new software products and technology, and risks of reduction in revenue from the elimination of existing and potential customers due to consolidation in or new laws or regulations affecting the banking, retail and financial services industries, changes in the growth rates of the markets for our solutions, and other risks detailed in our filings with the Securities and Exchange Commission (SEC), including the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2014, and subsequent SEC filings. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. FIS undertakes no obligation to publicly update or revise any forward-looking statements.