JACKSONVILLE, Fla. & HOUSTON--(BUSINESS WIRE)--FIS™ (NYSE: FIS), a global leader in financial services technology, and Cardtronics (Nasdaq: CATM), the world’s largest ATM owner/operator, today announced plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States.
FIS Cardless Cash, which leverages the FIS Mobile Banking app, enables banking customers to withdraw funds from ATMs without having to use a plastic card. A planned 24-month rollout of FIS Cardless Cash functionality at Cardtronics ATMs will debut cardless cash access at some of the largest retailers in the United States, as well as enable financial institutions to offer in-network use of cardless cash functionality at both branch and retail ATMs.
“Cardtronics, as the global leader in ATM and surcharge-free solutions for retailers and financial institutions, is uniquely positioned to dramatically expand the use of cardless cash access at ATMs in the United States,” said Brad Nolan, EVP and managing director, Global Product and Marketing, Cardtronics. “Enabling cardless cash access at our ATMs is just one more way Cardtronics can help banks transitioning to more digitally focused, self-service strategies.”
“FIS Cardless Cash already has created the industry’s largest cardless ecosystem, providing convenience to U.S. customers and a better security model for financial institutions,” said Anthony Jabbour, chief operating officer, Banking & Payments, FIS. “This partnership with Cardtronics exponentially grows that ecosystem, further facilitating customer adoption and increasing the efficiency, convenience and security of ATM transactions.”
“Our goal is to make mobile-centric access to cash a ubiquitous experience,” said Douglas Brown, SVP and GM of FIS Mobile. “This partnership with Cardtronics makes access to Cardless Cash even easier, no matter where users go.”
FIS Cardless Cash protects consumers by reducing risk of card skimming and shoulder surfing. By leveraging FIS Mobile Banking with TouchID, customers can securely access their funds and authorize the amount they want without inserting a plastic card into an ATM. The FIS mobile banking app acts as a remote control for the ATM, providing unrivaled privacy and security for consumers. Customers using FIS Cardless Cash can complete their withdrawals in 10 seconds and get an electronic receipt on their smartphone.
An interoperable platform for banks, ATM operators and networks, FIS Cardless Cash provides consumers with access to their money anywhere they want it. Launched in January 2015, the platform is used by more than 30 banks in the United States, and the FIS NYCE network has processed millions of dollars in cardless ATM transactions.
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 57,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.
Making ATM cash access convenient where people shop, work, and live, Cardtronics is at the convergence of retailers, financial institutions, prepaid card programs, and the customers they share. Cardtronics provides services to approximately 233,000 ATMs in North America, Europe, Asia-Pacific, and Africa. Whether Cardtronics is driving foot traffic for top retailers, enhancing ATM brand presence for card issuers or expanding card holders' surcharge-free cash access, Cardtronics is convenient access to cash, when and where consumers need it. Cardtronics is where cash meets commerce.
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’ 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, 2015, 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.