JACKSONVILLE, Fla., April 3 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. today announced a five-year agreement with NewAlliance Bank to provide a full array of merchant processing solutions.
With $8 billion in assets, NewAlliance is the sixth-largest bank headquartered in New England and the third-largest bank in Connecticut. Currently, NewAlliance has more than 3,000 merchant customers and processes more than 8 million transactions annually. FIS will provide transaction authorization capture, online debit, and associated services for new and existing merchants.
"We are very pleased with our relationship with FIS," said John Hamby, senior vice president and manager of NewAlliance's Merchant Services Center. "We anticipate accelerating our already strong growth and becoming an even more prominent participant in the expanding electronic payments business. FIS will assist us in reaching our strategic goals by providing us with further processing diversification, improved and faster application boarding, broadened authorization facilities and very competitive pricing for our customers."
A recognized leader in the global payment processing industry, FIS' merchant solution enables institutions to compete for merchant deposits, maintain full control of commercial accounts and generate greater income. FIS' comprehensive merchant platform delivers additional revenue, cross-sell opportunities, improved customer retention tools and expert assistance. From request to resolution, expert support and security services are dedicated to ensuring excellent service.
"We are committed to using our leading-edge technology to help NewAlliance Bank gain more control, improve efficiency and continue to grow their portfolio," said Gary Norcross, president of FIS' Integrated Financial Services division. "We look forward to working with NewAlliance through the spring conversion and beyond."
About NewAlliance Bank
In addition to a full range of personal and commercial banking products and services, NewAlliance also provides trust services and investment and insurance products and services. With 88 branches in Connecticut and Massachusetts, NewAlliance has $8 billion in assets, is the sixth-largest bank headquartered in New England and the third-largest bank based in Connecticut. The Bank's Web site is http://www.newalliancebank.com/.
About Fidelity National Information Services
Fidelity National Information Services, Inc. is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 35 of the top 50 global banks, including nine of the top 10. Approximately 50 percent of all U.S. residential mortgages are processed using FIS software. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one banking service provider in the world by American Banker and the research firm Financial Insights and the number two overall financial technology provider in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/.
This press 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.
