Fidelity National Information Services' Profile Selected by John Deere Credit to Service Loan Portfolio
August 02 2006 - 8:30AM
PR Newswire (US)
JACKSONVILLE, Fla., Aug. 2 /PRNewswire-FirstCall/ -- Fidelity
National Information Services (NYSE:FIS) recently announced that
John Deere Credit, a wholly-owned subsidiary of Deere &
Company, has selected FIS' comprehensive, real-time core processing
solution, FIS Profile, to process the company's U.S. installment
loan portfolio. With Profile, a single, integrated relational
database contains all customer, account, product and configuration
information. FIS Profile is currently used by many industry-leading
financial institutions. John Deere Credit's selection of the
Profile platform further illustrates the value non-bank market
leaders see in the FIS core system offerings. "We believe that FIS
Profile will allow us to better serve our customers and look
forward to working with FIS to deliver on that expectation," said
Art Woodcock, vice president of retail lending for John Deere
Credit. "John Deere Credit is converting from a mainframe platform
to the comprehensive, real-time FIS Profile platform to support the
company's future growth and continued focus on customer service."
Profile is a real-time, multicurrency, deposit-and-loan core
banking system that supports hundreds of institutions spanning 16
countries, ranging from de novo startups to top-tier global banks.
Companies using Profile as their core banking system experience
industry-leading total cost of ownership benefits based on lower
infrastructure costs, ongoing operating costs and increased
productivity. Profile's proven scalability and high availability
make it a premier alternative for organizations that are committed
to implementing a 24x7x365, "always on" solution. "We are pleased
to support a company such as John Deere Credit, which is a market
leader," said Frank Sanchez, president of FIS' enterprise banking
and retail solutions division. "We look forward to working with
John Deere Credit to ensure that it realizes the most value from
our solutions." 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 10. 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/ . Forward-Looking Statements 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 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, 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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