FIS and Banco Bradesco Complete Card Processing Agreement

Brazilian joint venture now supports more than 40 million card accounts

JACKSONVILLE, Fla. & SAO PAULO--(BUSINESS WIRE)-- FIS™ (NYSE: FIS), one of the world’s largest providers of banking and payments technology, today announced that it has completed a new 10-year agreement with Banco Bradesco and the company’s card processing joint venture, Fidelity Processadora e Servicos S.A. (FPS). Under the terms of the agreement, FPS will process and support Banco Bradesco’s private label, Visa^® and MasterCard^® portfolios through 2020.

FPS is the leading third-party card processor in Brazil and provides Brazil's most comprehensive range of card processing services including call center management, back-office support, risk management and collection services. FPS currently supports more than 40 million card accounts in Brazil, including over five million prepaid cards.

“This long-term agreement further signifies our commitment to the Brazilian marketplace and the enthusiasm we share with Banco Bradesco regarding the outlook for additional growth opportunities in the region,” said Gary Norcross, chief operating officer, FIS.

Brazil is the growth leader among emerging markets, with an average annual estimated gross domestic product (GDP) growth of 5 percent over the next five years. FPS is well-positioned to serve this market, having grown the number of cards on file by 37 percent per year over the past five years. During this same time period, credit card outstandings in Brazil more than doubled and analysts predict this growth trend to continue as credit and debit card usage as a means of payment has steadily increased among members of the country’s less affluent consumers.

“Supporting the consumer and commercial credit card market is of great strategic importance to our growth strategy,” said Arnaldo Vieira, executive vice president, Banco Bradesco. “Our relationship with FIS allows us to not only support Brazil’s high-growth card market, but it also positions us to diversify our products in order to service other card holders throughout the region.”

About FIS

FIS (NYSE: FIS) is one of the world’s largest global providers dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is a member of Standard & Poor’s 500^® Index and consistently holds a leading ranking in the annual FinTech 100 list. For more information about FIS, visit www.fisglobal.com.

Forward-Looking Statements

This news 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.

FISMarcia Danzeisen, 904.854.5083
Senior Vice President
FIS Global Marketing and Communications
[email protected]
orMary Waggoner, 904.854.3282
Senior Vice President
FIS Investor Relations
[email protected]

Source: Fidelity National Information Services