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

Frost & Sullivan Applauds FIS For Establishing Itself As A Single-source Provider Of Integrated, Holistic, Flexible And Open Mobile Wallet Solutions

MOUNTAIN VIEW, Calif., Jan. 27, 2014 /PRNewswire/ -- Based on its recent analysis of the mobile wallet market, Frost & Sullivan recognizes FIS with the 2014 North American Frost & Sullivan Customer Value Enhancement Award for its white-label, cloud-based mobile wallet platform. Frost & Sullivan attributes FIS' exceptional performance to a comprehensive product portfolio, proven capabilities and a singular focus on driving innovation in mobile wallets.

With FIS Mobile Wallet, banks, retailers and merchants are assured of adaptable and secure implementations that are easy to deploy and operational in a few weeks, in contrast to the several months needed for competing implementations. Additionally, FIS' performance-based business model ensures that customers get the best value for their money.

Owing to the white-label approach, banks and retailers have full control over the customer experience without being disintermediated by other wallet solution providers. FIS Mobile Wallet offers top-class security and privacy protection, as the solution does not store sensitive customer data on the device or on the point of sales (POS) terminal. Additionally, customers do not have to deal with the cost and complexity of complying with payment card industry (PCI) security standards.

Frost & Sullivan notes that simply extending the plastic card issuance model into mobile is not likely to be a successful strategy in this market. It is critical for mobile wallet platforms to be 'open' and integrate data from other platforms, such as third-party marketing systems, in order to deliver multiple value-added services (VAS) to consumers. Participants that deliver omni-channel banking, payments and marketing are likely to experience higher adoption of their services.

"FIS is ideally positioned to make the most of market opportunities, as its cloud-based solution works with existing POS terminals and ATMs through a software push and processes consumer transactions via secure cloud computing," said Frost & Sullivan Principal Analyst Vikrant Gandhi. "It is also compatible with popular smartphones, and leverages its camera and the data connections."

FIS has future-proofed its mobile wallet solution by enabling it to support a number of connectivity options, including quick response (QR) codes, near field communication (NFC), Bluetooth low energy (beacon) and other technologies as they become available. It also drives new revenue opportunities by delivering advertising, couponing and relevant real-time offers to consumers directly through the wallet application. FIS also has a software development kit (SDK) strategy to allow industry participants to integrate its mobile wallet capabilities into their own implementations.

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 17,596.35 -350.33 -1.95%
S&P 500 2,057.64 -43.85 -2.09%
NASDAQ 4,958.4680 -122.0370 -2.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs