Australia’s Suncorp Bank Selects FIS To Consolidate Its Financial Payments Switching

FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced it successfully migrated Suncorp Bank onto the CONNEX ® switching platform for POS transactions. Migration of ATM transactions is scheduled for the first half of 2013.

Suncorp Bank selected CONNEX because it manages both POS and ATM networks, supports new payment technologies and sustains the bank’s continued roll out of Europay, MasterCard ® and Visa ® (EMV ®), a global standard for inter-operation of integrated circuit cards.

“This is another successful switching implementation for FIS and we are proud to add Suncorp Bank to our growing client base of local and global transaction switching leaders,” said Richard Palmer, managing director, FIS Australasia, “Suncorp is known as a technology innovator in the Australian market and we’re excited to team with them in support of their initiatives. FIS is making significant market share gains in transaction switching in Australasia and around the world, which is a testament to our solutions and our expertise.”

Suncorp-Metway Limited (Suncorp), part of the Suncorp Group, is Australia’s fifth largest and leading regional bank. With more than $96 billion in assets, it is among the top 25 companies listed on the Australian Stock Exchange (ASX). Suncorp Bank aims to provide middle Australia with a genuine alternative to the major banks by offering the big bank capability, with the small bank connection. The implementation of this new integrated solution will provide Suncorp Bank with the technology to offer an enhanced service to its customers and a solid foundation to continue to launch new and innovative products in the future.

David Spence, Payment Systems manager, Suncorp Bank said, “We are pleased with the implementation of the CONNEX solution. The project ran really smoothly under very aggressive timelines. The FIS team worked alongside our own resources and from day one took the time to transfer their extensive knowledge to our staff. As a result, we now have a single platform enabling us exceptional performance and the in-house skills to deliver these benefits to our customers.”

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