Fidelity Natl Information Svcs - FIS STOCK NEWS

FIS (NYSE: FIS) will announce its fourth quarter 2021 financial results on February 9, 2021, before market opening. The company will conduct a live webcast of the earnings conference call starting at 8:30 a.m. EST that day. Interested parties can access the webcast via the Investor Relations section of FIS' website. FIS, headquartered in Jacksonville, Florida, is a leading global provider of technology solutions for financial services, aiming to enhance payment, banking, and investment processes through innovative technology.

FIS has partnered with Quontic Bank to launch the first FDIC insured Bitcoin Rewards Checking account in the U.S. Customers will earn 1.5% Bitcoin back on eligible debit purchases. Leveraging FIS Digital One, the new mobile app will allow users to manage accounts and track rewards efficiently. This initiative marks Quontic's innovative approach in banking, focusing on mobile-first solutions. According to Quontic's CEO, this account allows customers to build wealth simply by using their debit card. FIS aims to inspire other banks to adopt similar solutions in the future.

Quontic, an adaptive digital bank, has launched the first-ever FDIC-insured Bitcoin Rewards Checking account in the U.S. Customers can earn 1.5% in Bitcoin on eligible debit card purchases. The program includes a debit card, mobile app, and access to over 90,000 surcharge-free ATMs, all with no monthly service fee. Quontic has partnered with NYDIG for secure Bitcoin management and FIS to enhance the digital experience. Initial access is limited to select states, with wider availability expected in the future.

FIS has launched a new token management service, enhancing online security for merchants utilizing Visa's Token Service. This initiative aims to reduce the risk of data theft and improve customer retention by facilitating seamless transactions. Additionally, Click to Pay with Visa will streamline the checkout process for online shoppers, minimizing cart abandonment. The service is accessible globally via a single integration, promoting compliance with PCI requirements and offering a unified approach to token management.

FIS, a global leader in financial services technology, announced its participation in several upcoming conferences in December 2020. The company will present on December 1 at the Credit Suisse 24th Annual Technology Conference, on December 2 at the Wells Fargo TMT Summit, and on December 9 at the Barclays Global Technology Conference. Live audio webcasts and replays will be available on the Investor Relations page of FIS's website. FIS is dedicated to advancing payment, banking, and investment technologies for various clients worldwide.

FIS has been recognized as the top provider in the Chartis RiskTech100 for the sixth consecutive year, according to Chartis Research. FIS excelled in several categories, including Functionality, Market Presence, and Risk Management. The firm is noted for its innovative technology that aids organizations in navigating complex risk landscapes, particularly in a post-pandemic context. Significant investments have been made to enhance integrated risk management solutions across various sectors, reinforcing FIS's commitment to helping clients manage regulatory challenges effectively.

FIS, a global leader in financial services technology, will present at the Stephens Annual Investment Conference on Nov. 16, 2020, at 2:00 p.m. (EST) and at Citi's Financial Technology Virtual Conference on Nov. 18, 2020, at 4:30 p.m. (EST). Investors can access a live audio webcast and replay on the Investor Relations page of the FIS website. FIS is dedicated to advancing payment, banking, and investment technologies, helping clients tackle business challenges through innovative solutions. The company is headquartered in Jacksonville, Florida, and is a member of the S&P 500.

FIS has been chosen as the exclusive payments provider for Reynolds and Reynolds, a leader in automotive dealership software. The multi-year agreement allows FIS's Worldpay to manage all payment processing for ReyPAY, enhancing security and efficiency. This collaboration aims to streamline payment operations and improve accounting capabilities for dealerships. Executives from both companies highlighted the potential for innovative payment experiences and operational excellence, enhancing customer interactions and accelerating revenue generation for automotive dealers.

FIS reported Q3 2020 results with a 13% revenue increase to $3,197 million, significantly bolstered by the acquisition of Worldpay. Net earnings for common stockholders were $20 million, down 87% year-over-year. Organic revenue grew by only 1% amid the COVID-19 pandemic. Adjusted EBITDA margin rose by 30 bps to 42.5%, reflecting cost synergies from Worldpay. Merchant Solutions surged by 44%, while Capital Market Solutions faced a 1% decline in organic growth. The company maintained strong liquidity with $4,227 million available as of September 30, 2020.