Fidelity National Information Services Offers New Turnkey Service to Help Consumers Protect Themselves Against Identity Theft
April 17 2006 - 5:15PM
PR Newswire (US)
ID Protection Service(TM) Offers a Valuable Customer Service to
Combat One of America's Fastest Growing Crimes JACKSONVILLE, Fla.,
April 17 /PRNewswire-FirstCall/ -- Fidelity National Information
Services (NYSE:FIS) today announced the introduction of ID
Protection Service(TM), a program financial institutions brand as
their own to offer their customers protection against the risk of
identity theft. The service includes constant monitoring of the
subscriber's credit report, e-mail alerts of any changes, up to
$25,000 in identity theft insurance and fully managed resolution
services for victims. Institutions that opt for ID Protection
Service incur no installation costs, but can earn new revenue from
subscribers of the service. FIS provides all the tools necessary
for financial institutions to offer a cost-effective identity theft
solution that includes system maintenance, customer support and
complete marketing templates that allow the institution to brand
the service as their own. "The threat of identity theft is all over
the news, and people are concerned," said Jill Barnes, executive
vice president and chief operating officer for IndyMac Bank, one of
the institutions that beta tested the service. "We wanted to
proactively offer our customers a solution that could protect them
against the crime, but also one that would help them through the
recovery process if they are victimized. After all, the first thing
people typically do when they discover they've been a target is to
contact their financial institution. With ID Protection Service,
we're now in a position to help them through both the emotional and
practical aspects." "The thieves are getting cleverer by the day,"
said Mary Jo Meeks, manager of Cornerstone Credit Union, another
institution that beta tested the service. "People need to stay on
top of their credit reports, but they often don't know how. ID
Protection Service is a proactive way we can help them do that.
It's truly a turnkey solution -- it has taken very little on our
part to make the service available." ID Protection Service is a
cost-effective solution that is available for about half the cost
of other identity protection services. With most competing
services, subscribers who have had their identities stolen receive
a kit meant to guide them through the process of clearing their
credit. ID Protection Service from FIS goes far beyond this, with
highly trained identity theft specialists working on the victim's
behalf to fully resolve the problem. "Banks and credit unions can
really set themselves apart by offering ID Protection Service,"
said Anthony Ficarra, executive vice president for FIS' Integrated
Financial Solutions division. "It's a way to position their
institution as a community leader that's striking a blow against
this growing problem. Not only can the service help them attract
new business, it can help them really connect with their customers
or members and offer them another compelling reason to stay." About
Fidelity National Information Services Fidelity National
Information Services, Inc. (NYSE:FIS) is a leading provider of core
processing for financial institutions; card issuer and transaction
processing services; mortgage loan processing and mortgage-related
information products; and outsourcing services to financial
institutions, retailers, mortgage lenders and real estate
professionals. FIS has processing and technology relationships with
35 of the top 50 global banks, including nine of the top ten.
Nearly 50 percent of all U.S. residential mortgages are processed
using FIS software. Headquartered in Jacksonville, Florida, FIS
maintains a strong global presence, serving over 7,800 financial
institutions in more than 60 countries worldwide. For more
information on Fidelity National Information Services, please visit
http://www.fidelityinfoservices.com/ . FIS is a majority-owned
subsidiary of Fidelity National Financial Inc. (NYSE:FNF), number
248 on the Fortune 500 and a provider of outsourced products and
services to a variety of industries. More information about FNF can
be found at http://www.fnf.com/ . This press 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, including
changes in the financial markets; the risk that our recent merger
with a subsidiary of Fidelity National Financial, Inc. may fail to
achieve beneficial synergies or that it may take longer than
expected to do so; the effects of our substantial leverage, which
may limit the funds available to make acquisitions and invest in
our business; the risks of reduction in revenue from the
elimination of existing and potential customers due to
consolidation in the banking, retail and financial services
industries; failures to adapt our services to changes in technology
or in the marketplace; adverse changes in the level of real estate
activity, which would adversely affect certain of our businesses;
our potential inability to find suitable acquisition candidates or
difficulties in integrating acquisitions; significant competition
that our operating subsidiaries face; 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. DATASOURCE:
Fidelity National Information Services CONTACT: Mary Waggoner, Sr.
Vice President, Investor Relations, +1-904-854-3282, or , or
Michelle Kersch, Sr. Vice President, Marketing and Corporate
Communications, +1-904-854-5043, or , both of Fidelity National
Information Services Web site: http://www.fidelityinfoservices.com/
http://www.fnf.com/
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