FNF Fidelity National Financial Inc

JACKSONVILLE, Fla., Sept. 27 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. (NYSE:FIS), today announced that Columbus, Ga.- based BB&T Bankcard Corporation has signed a multiyear consumer and commercial credit card processing agreement with FIS' Card Services division. BB&T Bankcard Corporation is a wholly owned subsidiary of BB&T Corporation (NYSE:BBT), Winston-Salem, N.C., and one of America's "Best Big Companies" in Forbes Platinum 400 List. Under the terms of the five-year agreement, FIS will process all transactions for consumer and commercial credit cards issued by BB&T Bankcard Corporation. "BB&T will realize significant savings from a process improvement standpoint as a result of this agreement," said Bud Tremblay, president and chief executive officer of BB&T Bankcard Corporation and manager of BB&T's Bankcard and Merchant Services division. "The products and services that FIS brings to the table will enable us to get new products to market faster and strengthen our relationships with our cardholders, both of which translate to increased revenue and improved shareholder value." Large-volume credit card processing is yet another facet of FIS' comprehensive and scalable suite of solutions for financial institutions, including core processing, channel solutions, integration, outsourcing and payment solutions. "BB&T's agreement to entrust FIS with all its credit card transaction processing speaks volumes to the confidence BB&T has placed in our systems and processes," said Robert Bream, president of FIS North America Card Services. "We're confident FIS' efficiencies and expertise in credit card processing will positively impact BB&T's bottom line, and we're pleased to have this opportunity." About BB&T Corporation BB&T Corporation is the nation's ninth-largest financial holding company, with assets of more than $116 billion. BB&T and its subsidiaries offer full- service commercial and retail banking, as well as additional financial services such as insurance, investments, retail brokerage, corporate finance, treasury services, international banking, leasing and trust. BB&T operates more than 1,400 branches in the Carolinas, Virginia, Maryland, West Virginia, Kentucky, Tennessee, Georgia, Florida, Alabama, Indiana and Washington, D.C. For additional information about BB&T, visit http://www.bbt.com/. 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 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: 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 Serv.; or Henry W. "Bud" Tremblay, Jr., Exec. Vice President, Bankcard & Merchant, Services Manager of BB&T Bankcard Corp., +1-252-296-7060 Web site: http://www.fidelityinfoservices.com/ http://www.fnf.com/ http://www.bbt.com/

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