JACKSONVILLE, Fla. and REDWOOD CITY, Calif. – Fidelity National Information Services, Inc. (NYSE: FIS), a Fortune 500 company and a leading global provider of core processing, card issuer and transaction processing services, and Obopay, Inc., the pioneering service provider for payments via mobile phones, today announced a person-to-person (P2P) mobile money transfer service for financial institutions using FIS core processing services. Through the alliance with Obopay, FIS becomes the industry’s first core provider to launch a mobile phone-based person-to-person payment service.
With the FIS mobile P2P service, financial institutions can quickly introduce branded mobile payments to their customers, who can immediately send and receive money from friends and family, anytime, anywhere – safely and securely. The FIS mobile P2P service will initially be offered with checking accounts or prepaid cards linked to the mobile phone, enabling users to send and receive payments. To use the FIS mobile P2P service, consumers simply link their checking account or payment card to their mobile phone.
In addition to adding a revenue opportunity for banks, the FIS mobile P2P service provides exciting opportunities in other payment and financial service sectors. It creates a compelling and relevant new service that helps banks attract and retain customers, including the increasing unbanked segment – estimated to be as high as 80 million by the Smart Card Alliance. Because anyone with a mobile phone can use mobile payments services, the FIS mobile P2P service gives banks the opportunity to provide a valuable service to a very large – and growing – banking segment.
“This alliance with FIS is further evidence of the importance and value of mobile payments to banks and their customers,” said Gregory Holmes, president of U.S.-based operations for Obopay. “As our mobile payment service continues to evolve in concert with established financial services firms, we remain committed to delivering solutions that enable banks to drive new revenue and connect with America’s more than 260 million mobile consumers.”
“We are excited about our alliance with Obopay in providing this valuable banking service to the mobile banking community,” said Anthony Jabbour, executive vice president for FIS Core Processing and eBanking. “By meeting the emerging expectations of the growing mobile banking community, the FIS mobile P2P payment solution is yet another testament to the commitment FIS has in providing the most comprehensive array of technology solutions to help financial institutions meet their customers’ evolving needs."
About Fidelity National Information Services
Fidelity National Information Services, Inc. (NYSE: FIS), a Fortune 500 company, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10. FIS is a member of Standard and Poor's (S&P) 500(R) Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 13,000 financial institutions in more than 80 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.
About Obopay
Obopay, Inc. (www.obopay.com) is a pioneering service that lets consumers and businesses purchase, pay, and transfer money through any mobile phone using Obopay’s mobile application, text message, mobile Web, or Obopay.com. As the first mobile payment service created exclusively for the mobile phone, only Obopay works on any phone and any carrier to empower consumers and businesses with the convenience of mobile payments. Obopay is bringing mobile payments to more consumers through industry-first alliances and is headquartered in Redwood City, California. For more information, log on to www.obopay.com.
Forward-Looking Statements
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.