FNF Fidelity National Financial Inc

JACKSONVILLE, Fla., May 31 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. (NYSE:FIS), a leading provider of processing and technology solutions for financial institutions, today announced the signing of a multi-year outsourcing agreement with the new Nationwide Bank, a subsidiary of Nationwide Financial Services, Inc. (NYSE:NFS), to support the expansion of the company's banking products and services. On April 17, 2006, Nationwide Financial Services received approval from the Office of Thrift Supervision to expand the powers of its wholly owned subsidiary, Nationwide Trust Company, FSB. The newly expanded federal savings thrift has been renamed "Nationwide Bank" and will use FIS' comprehensive suite of software and services, supporting core banking, administrative and item processing activities for the new bank, which received its charter in 2006. This relationship joins Nationwide with FIS' existing network of 35 of the top 50 global financial institutions. "We are proud to become a strategic partner for Nationwide," said Roger Leitner, president of Fidelity National Information Services' Enterprise Banking Solutions division. "By providing a total suite of outsourcing and software services, our goal is to help the bank increase its capabilities and offerings. We look forward to a long and prosperous relationship, and to meeting the bank's customer and shareholder goals." "The launch of Nationwide Bank later this year will enhance our customers' ability to insure and invest with us," said John Skubik, president of Nationwide Bank. "With FIS' expertise in information technology management and robust software products, Nationwide Bank will be backed by a state-of-the-art infrastructure allowing us to offer customers great products and unparalleled customer service." FIS' Profile core banking system will operate in one of FIS' Application Service Provider (ASP) data processing facilities. Profile is a highly scalable high-speed core banking utility providing 24x365 real-time online processing. Its leading-edge technology will provide Nationwide with a competitive advantage through rapid time-to-market of new products and services, improved customer experience and reduced operating costs. Additionally, Nationwide will utilize Profile Direct, the systems integrated channel application, which will provide Internet banking, account opening and account servicing. FIS also will provide regulatory compliance, account maintenance and support; account reconciliation and research; and credit screening and scoring. FIS' item processing solution, which processes billions of items annually through its network of processing service centers, will provide solutions such as fraud mitigation, electronic check deposits and the delivery of customer statements. About Nationwide Bank Nationwide Bank is a wholly owned subsidiary of Nationwide Financial Services, Inc. (NYSE:NFS), a member of the Nationwide group of insurance and financial services companies. Nationwide Financial Services, Inc., a publicly traded company based in Columbus, Ohio, provides a variety of financial services that help consumers invest and protect their long-term assets, and offers retirement plans and services through both public- and private-sector employers. About Fidelity National Information Services, Inc. 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, Inc. CONTACT: Michelle Kersch, Senior Vice President, Corporate Communications +1-904-854-5043, or , or Mary Waggoner, Senior Vice President, Finance and Investor Relations, +1-904-854-3282, or , both of Fidelity National Information Services Web site: http://www.fidelityinfoservices.com/ http://www.fnf.com/

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