FNF Fidelity National Financial Inc

Fidelity Information Services Launches Merchant Capture Services Web-based Solution Exploits Check 21 and ACH Capabilities to Give Commercial Banking Customers Rapid Access to Funds While Reducing Traditional Delivery Costs JACKSONVILLE, Fla., June 14 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services ("Fidelity") division today introduced merchant capture services, which allows financial institutions to transfer the processing of checks from their own back offices to the commercial customer's place of business. Financial institutions that opt for the new Fidelity service will provide their commercial clients with check readers and related software that will allow them to scan their own checks and submit them directly to the bank. The user-friendly, web-based solution enables easy set-up and ongoing support, without the need to load software on multiple workstations. Merchants will benefit from the ability to consolidate accounts, reduce posting errors and eliminate trips to the bank that cost money, take employees away from the job and shorten their deposit deadline. Both the institution and the merchant will gain the advantage of faster access to their funds and reduced time to research checks and deposits. "With merchant capture services from Fidelity, our clients will be in a better position to decrease costs while increasing their portfolios of commercial customers," said Randy Fluitt, executive vice president of operations for Fidelity's Integrated Financial Solutions division. "Because items are truncated at the merchant's site rather than at the bank's branches, the institution is able to eliminate costly and time-consuming courier deliveries to a processing center. It also removes geographical boundaries that have historically restricted banks from soliciting commercial business in areas outside a reasonable driving distance." Institutions that offer merchant capture can apply their own unique branding to the interface and embed links to their websites. The solution has the ability to scale to each merchant's level of sophistication to meet the needs of small businesses with low volumes of checks as well as larger enterprises that process hundreds or thousands of checks per day. Fidelity's merchant capture solution also provides institutions with robust account analysis information to help them calculate business charges, and it allows them to assign float to determine their client's available funds so they can properly calculate earnings credits. Further, it tracks items by their method of clearing (i.e., substitute check, ARC/ACH or image exchange) and has the intelligence to determine and automatically choose the best collection method. "We recognize that our clients' competitors will be aggressively rolling out merchant capture services," said Fluitt. "Our new offering will position the institutions we serve to be the first to provide a superior solution that's easy to use, flexible and efficient, giving them a competitive edge and helping them protect and expand their relationships with one of their most valuable customer segments." About Fidelity National Financial Fidelity National Financial, Inc., number 261 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. FNF is the nation's largest title insurance company, with nearly 32 percent national market share, and is also a provider of other specialty insurance products, including flood insurance, homeowners insurance and home warranty insurance. Through its majority-owned subsidiary Fidelity National Information Services, Inc. ("FIS"), the Company is a leading provider of technology solutions, processing services and information services to the financial services and real estate industries. FIS' software processes nearly 50 percent of all U.S. residential mortgages, it has processing and technology relationships with 45 of the top 50 U.S. banks and more than 2,800 small and mid-sized U.S. financial institutions and it has clients in more than 50 countries who rely on its processing and outsourcing products and services. FIS also provides customized business process outsourcing related to aspects of the origination and management of mortgage loans to national lenders and servicers. FIS offers information services, including property data and real estate-related services that are used by lenders, mortgage investors and real estate professionals to complete residential real estate transactions throughout the U.S. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/ . This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission. DATASOURCE: Fidelity National Financial, Inc. CONTACT: Daniel Kennedy Murphy, Senior Vice President, Finance and Investor Relations, Fidelity National Financial, Inc., +1-904-854-8120, or ; or Dennis Holland, Vice President, Marketing, Fidelity Integrated Financial Solutions, +1-972-535-7907, or Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/

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