Australia’s ME Bank Selects FIS as New Cards Platform Provider
January 16 2018 - 8:30AM
Business Wire
Key facts
- FIS will provide ME Bank with a modern platform for credit and
debit cards, including card creation, processing, and billing.
- Agreement is part of bank’s investment in its card business as
a key driver of future growth.
FIS™ (NYSE: FIS), a global leader in financial technology
services and solutions, today announced that it has been selected
by ME Bank, a direct bank based in Australia, as its new cards
platform provider.
Created in 1994 by a group of industry funds to help everyday
Australians realize the dream of homeownership, ME Bank is
investing in its cards business as a key driver of its future
growth strategy. The bank launched its first credit card, a
low-rate card called Frank, in 2016.
Under the new agreement, FIS will provide the bank with a modern
platform for credit and debit cards, including card creation,
processing, and billing. FIS will work with ME Bank on a suite of
new credit card products and expects to migrate more than 300,000
existing ME customers to the new platform in the latter half of
2018.
“FIS’ cards platform will give us new credit and debit payment
capabilities and enable us to launch new products to grow our
business while staying current with regulatory and compliance
requirements,” said Jamie McPhee, CEO of ME Bank. “FIS’ managed
service approach and its maturity in the Asia pacific region were
crucial to us when considering a new provider.”
“We are thrilled to welcome ME Bank as a new card client,” said
Raja Gopalakrishnan, Head of International Markets for FIS. “We
look forward to helping the bank build its card business and
provide superior services to its cardholders through a
state-of-the-art technology platform.”
About FIS
FIS is a global leader in financial services technology, with a
focus on retail and institutional banking, payments, asset and
wealth management, risk and compliance, and outsourcing solutions.
Through the depth and breadth of our solutions portfolio, global
capabilities and domain expertise, FIS serves more than 20,000
clients in over 130 countries. Headquartered in Jacksonville, Fla.,
FIS employs more than 53,000 people worldwide and holds leadership
positions in payment processing, financial software and banking
solutions. Providing software, services and outsourcing of the
technology that empowers the financial world, FIS is a Fortune 500
company and is a member of Standard & Poor’s 500® Index. For
more information about FIS, visit www.fisglobal.com.
Follow FIS on Facebook (facebook.com/FIStoday) and Twitter
(@FISGlobal).
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version on businesswire.com: http://www.businesswire.com/news/home/20180116005377/en/
Kim Snider, 904.438.6278Senior Vice PresidentFIS Global
Marketing and Communicationskim.snider@fisglobal.com
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