Fidelity National Information Services has completed its merger with Metavante, yielding what the new company says is the world's largest provider of banking and payments technology.
The company also announced a new brand and that it would do business as FIS, though legally still remain Fidelity National Information Services.
FIS is now the largest provider of payments, core processing and online bill payments to credit unions with over 3000 credit unions using at least on of the company's suite of services.
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"With the completion of this strategic and transformative transaction, FIS has now enhanced its ability to deliver products and services, execute on a client cross-sales business model, and continue to grow globally," said Frank Martire, FIS president and chief executive officer. "We will continue to make business and product investments and we will strategically integrate our products, where it makes sense to do in order to deliver high-value solutions to our clients and prospects."
"The new FIS will continue to serve individual market segments, including community banking and credit unions; mid-tier and large financial institutions; international banking; specialized payments in government, healthcare, and education; and focus on driving operational efficiencies and scale in order to serve our clients around the world," said Gary Norcross, FIS corporate executive vice president and chief operating officer. "The FIS name conveys game-changing innovation, breadth and depth of products, and service with a local sensibility on a global scale."
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