Two Credit Unions Choose the Mercury(TM) Core Processing Solution from Fidelity National Information Services
February 23 2006 - 5:31PM
PR Newswire (US)
New Clients Cite Report-Writing, Data Access and Disaster Recovery
Capabilities as Well as the Ability to Introduce New Product Lines
JACKSONVILLE, Fla., Feb. 23 /PRNewswire-FirstCall/ -- Fidelity
National Information Services (NYSE:FIS) today announced that two
credit unions have chosen the Mercury(TM) solution to meet their
core processing needs. The new clients include Town of Palm Beach
Federal Credit Union of Palm Beach, FL and Hayward Community Credit
Union of Hayward, Wisconsin. Hayward Community Credit Union, which
received its community charter in 1935, was specifically seeking
three attributes in a core solution: greater report-writing
flexibility to make the generation of board reports faster; easier
access to data from more fields for creating queries; and the
ability to expand into business lending. "With Mercury, we achieved
all three objectives," said Cliff Williams, the credit union's
president and CEO. "This solution was built from the ground up on
Windows(R), as opposed to an older legacy system with a
Windows-like look and feel added later. This will make training
faster in the future. But more importantly, with FIS we found a
partnership with a major player that will continually enhance the
technology so we can stay competitive." Town of Palm Beach Federal
Credit Union, chartered in 1965, was formed for the purpose of
providing saving and loan programs expressly for employees that
work for the Town of Palm Beach governmental agency. Membership has
expanded as the town has grown, and the institution wants to be
ready for the possibility of adding new product lines. "Mercury
will allow us to add checking account capabilities if we choose to
offer them without incurring any additional technology expense,"
said Debby Seadorf, the institution's manager and treasurer. "The
functionality is already there, ready to go. All in all, we found
the solution to be a great value at an affordable price." Mercury
is a Windows-complete solution, leveraging the Microsoft(R) tools
that have become the industry standard. For this reason,
installation is quick and easy, with most credit unions able to
leverage their existing hardware and software, and maintenance is
simplified. Mercury is available as an in-house solution, as
selected by Town of Palm Beach FCU, or as an ASP model as selected
by Hayward Community Credit Union. "With the addition of these new
clients, Mercury will be in use at 369 credit unions," said Santo
Cannone, senior vice president for FIS' Integrated Financial
Solutions division. "Credit union after credit union has found that
because of the familiar appearance and navigation, member service
representatives become immediately comfortable and efficient, which
streamlines training and delivers improved member service." 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 and over 100,000 retailers 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 261 on the Fortune 500. More information about
FNF can be found at http://www.fnf.com/ . This press release
contains statements related to future events and expectations and,
as such, constitutes forward-looking statements. These
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements of the Company to be different from
those expressed or implied above. The Company expressly disclaims
any duty to update or revise forward- looking statements. The risks
and uncertainties which forward-looking statements are subject to
include, but are not limited to, the effect of governmental
regulations, the economy, competition and other risks detailed from
time to time in the "Management's Discussion and Analysis" section
of the Company's Form 10-K and other reports and filings with the
Securities and Exchange Commission. First Call Analyst: FCMN
Contact: JFleetwood@fnf.com 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.fnis.com/
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