FNF Fidelity National Financial Inc

Fidelity Information Services and First Data Announce Agreement to Deliver Credit Card-Enabled HELOC Solution Provides Credit Card Access to Home Equity Lines of Credit JACKSONVILLE, Fla., June 15 /PRNewswire-FirstCall/ -- Fidelity Information Services (Fidelity), a division of Fidelity National Financial (NYSE:FNF) and electronic commerce and payments leader First Data Corp. (NYSE:FDC) have announced a strategic alliance agreement through which First Data's credit card processing capabilities will be integrated with home equity lines of credit (HELOCs) serviced on Fidelity's industry-leading Mortgage Servicing Package (MSP) software. Fidelity's offering will be enhanced to include a credit card processing option. The joint credit card offering will support data exchanges between MSP and First Data's system for the purpose of setting up, maintaining, enabling transaction flow and posting and reporting on credit card-enabled HELOCs. "Partnering with First Data will advance Fidelity's goal of offering best- of-breed HELOC processing capabilities on MSP," said Bruce Andrews, senior vice president of Fidelity Information Services' Business Partners organization. "The credit card feature will give our clients a distinct competitive advantage in the HELOC market, with the ability to offer borrowers greater convenience and flexibility than ever before." "We are delighted to be working with the mortgage industry's technology leader on the development of a credit card solution for HELOCs," said Jim Schoedinger, president, First Data Card Issuing Services. "For more than 30 years, First Data has provided its clients with a sophisticated set of technology solutions that drive change and innovation by offering the right technology, at the right time, for the right use. Fidelity and their clients will both benefit from our single-source robust, functional and flexible payment solutions and expertise and be able to focus on cultivating their business and brand." PHH Mortgage, formerly Cendant Mortgage, will become an early adopter of the credit card processing option for HELOCs serviced on MSP. Marty Foster, PHH's servicing manager, said, "The credit card option is an extremely valuable feature that we can offer our customers in the rapidly expanding HELOC market. This enhancement allows us to reap the benefits of MSP's full- service HELOC capabilities including escrow, default and now credit card processing." The standard HELOC subsystem to MSP, including the optional credit card processing component, is targeted for completion in the second half of 2005. About Fidelity 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/ . About First Data First Data Corp. (NYSE:FDC), with global headquarters in Denver, helps power the global economy. As a leader in electronic commerce and payment services, First Data serves approximately 4.1 million merchant locations, 1,400 card issuers and millions of consumers, making it easy, fast and secure for people and businesses around the world to buy goods and services using virtually any form of payment. With approximately 32,000 employees worldwide, the company provides credit, debit, private-label, smart and stored-value card issuing and merchant transaction processing services; Internet commerce solutions; money transfer services; money orders; and check guarantee and verification services. The STAR Network offers PIN-secured debit acceptance at 1.6 million ATM and retail locations. First Data also offers a variety of payment services to businesses around the world including those in the United Kingdom, Australia, Canada, Japan, Mexico, Spain, Panama, Brazil, China, the Netherlands, Greece, the Middle East and Germany. Its Western Union and Orlandi Valuta money transfer networks include approximately 225,000 agent locations in more than 200 countries and territories. Visit http://www.firstdata.com/ for more information. 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, +1-904-854-8120, or ; or Michelle Kersch, Senior Vice President, Corporate Communications, Fidelity Information Services, +1-904-854-5043, or ; or Donna Pennington, Director, Corporate Communications, First Data Corp., +1-402-222-6178, or Web site: http://www.fnf.com/ http://www.fidelityinfoservices.com/ http://www.firstdata.com/

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