Continuing its industry recognitions for its mobile solutions, FIS™
(NYSE: FIS), the world’s largest provider of banking and payments
technology, recently earned the 2014 Frost & Sullivan Customer Value
Enhancement Award for FIS
Mobile Wallet.
This prestigious recognition is based on extensive, independent
competitive analysis of the North American mobile wallet market by Frost
& Sullivan, an industry consultant with more than 1,800 analysts across
40 countries. In its report announcing the award, Frost & Sullivan
described FIS Mobile Wallet in the following way:
“With FIS mobile wallets, banks, retailers, and merchants are assured of
an adaptable and secure implementation that is extremely easy to deploy
and can get them up and running in a few weeks – versus several months
that it can take with competing implementations. Overall, FIS is helping
to define the market opportunity by 1) proactively educating the
industry about this ongoing shift in consumer behavior to mobile, and 2)
bringing cutting-edge products to market to help merchants and retailers
maximize the connected commerce and marketing opportunity.”
“This award is about putting a compelling customer experience in market
and demonstrates the commitment that FIS has made to bringing innovative
mobile solutions to market for financial institutions, merchants and
their customers in a way that safely and securely benefits all,” said
Doug Brown, SVP and GM, FIS Mobile Financial Services. “Mobile commerce
is the future. To make it a reality, financial institutions and their
customers must understand the benefits each receives.”
FIS Mobile Wallet, in particular, provides a security benefit by being
cloud-based. Rather than keep a user’s credentials on the phone, they
are stored securely in the cloud and transmitted only during a
transaction. This prevents card skimming and many other types of fraud
recently seen by some major retailers.
This is the third major analyst group in the last month to recognize
FIS’ Mobile solutions. FIS Mobile was named:
-
2013 Best in Class Mobile Banking Vendor Overall by Javelin Strategy &
Research
-
No. 1 in Top 3 Mobile Banking Vendor Standards and Customized
Solutions, and No. 1 in Top 3 Mobile Banking Standard Solutions by
Javelin Strategy & Research
-
Best in Class Customer Experience, Best in Class Interface Development
and Best in Class Integration & Management by CEB TowerGroup
Frost
& Sullivan uses disciplined research and best-practice models to
drive the generation, evaluation and implementation of powerful growth
strategies. It has more than 50 years of experience partnering with
Global 1000 companies, emerging businesses and the investment community
from more than 40 offices on six continents.
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 110 countries. Headquartered in Jacksonville, Fla., FIS employs
more than 37,000 people worldwide and holds leadership positions in
payment processing and banking solutions, providing software, services
and outsourcing of the technology that drives financial institutions.
First in financial technology, FIS tops the annual FinTech 100 list, is
434 on the Fortune 500 and is a member of Standard & Poor’s 500®
Index. For more information about FIS, visit www.fisglobal.com.
Follow us on Facebook (facebook.com/FIStoday) and Twitter (@FISGlobal).
Copyright Business Wire 2014