This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FIS Drives 150 Percent Growth In Mobile Clients As Bank Customers Go Mobile In Record Numbers

Eager to transact banking around the clock and around the world, consumers are adopting mobile phone and other Web-connected devices in record numbers. The Federal Reserve reports 1 in 5 customers of financial institutions are already using mobile banking services, and 1 by the end of 2013, roughly 43 percent of bank customers are expected to be using their smartphone for banking on the go.

Financial institutions are getting the message. FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today reinforced the rapidly growing interest in mobile, announcing that its client base for mobile has increased more than 150 percent year-over-year. That sharp rise reflects FIS’ recent launch of solutions for tablets, mobile wallet and business mobile.

FIS also said that adoption by bank users or consumers of its mobile offerings has climbed more than 200 percent year-over-year. Bank customers have enjoyed the convenience of using their smartphone cameras for check deposits, reflected in the more than $1 billion in deposits made with FIS’ client institutions since those clients made mobile banking services available to their customers.

Consider the experience of BMO Harris Bank, a leading FIS mobile-banking client. It introduced remote deposit capture and mobile banking services in 2012 to its U.S. customer base to support its strategic growth objectives. BMO Harris Bank says its partnership with FIS on mobile has sparked “fantastic” business results.

“We have far exceeded our goals and customer delight is strong,” said Patrick Reetz, BMO Harris Bank’s head of U.S. Online and Mobile Banking, North American Integrated Channels. “Our customers love the remote deposit capture feature, and volumes are far ahead of our projections. Teaming with FIS on our mobile offerings will continue to help BMO Harris Bank exceed its customers’ expectations.”

The FIS Mobile suite aligns with FIS’ strategic focus of delivering exceptional customer experience with the highest standards in security, enabling money to move seamlessly, to meet financial institutions’ and consumers’ growing mobile demand. FIS provides a strategic platform that delivers top-tier capabilities to its clients.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,066.26 -59.86 -0.33%
S&P 500 2,112.41 -8.38 -0.40%
NASDAQ 5,084.5610 -13.4150 -0.26%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs