NewAlliance Bank Signs Merchant Processing Agreement with FIS
Fidelity National Information Services, Inc. (NYSE:FIS) has recently announced a five-year agreement with NewAlliance Bank to provide a full array of merchant processing solutions.
With $8 billion in assets, NewAlliance is the sixth-largest bank headquartered in New England and the third-largest bank in Connecticut. Currently, NewAlliance has more than 3,000 merchant customers and processes more than 8 million transactions annually. FIS will provide transaction authorization capture, online debit, and associated services for new and existing merchants.
“We are very pleased with our relationship with FIS,” said John Hamby, senior vice president and manager of NewAlliance’s Merchant Services Center. “We anticipate accelerating our already strong growth and becoming an even more prominent participant in the expanding electronic payments business. FIS will assist us in reaching our strategic goals by providing us with further processing diversification, improved and faster application boarding, broadened authorization facilities and very competitive pricing for our customers.”
A recognized leader in the global payment processing industry, FIS’ merchant solution enables institutions to compete for merchant deposits, maintain full control of commercial accounts and generate greater income. FIS’ comprehensive merchant platform delivers additional revenue, cross-sell opportunities, improved customer retention tools and expert assistance. From request to resolution, expert support and security services are dedicated to ensuring excellent service.
“We are committed to using our leading-edge technology to help NewAlliance Bank gain more control, improve efficiency and continue to grow their portfolio,” said Gary Norcross, president of FIS’ Integrated Financial Services division. “We look forward to working with NewAlliance through the spring conversion and beyond.”
About NewAlliance Bank
In addition to a full range of personal and commercial banking products and services, NewAlliance also provides trust services and investment and insurance products and services. With 88 branches in Connecticut and Massachusetts, NewAlliance has $8 billion in assets, is the sixth-largest bank headquartered in New England and the third-largest bank based in Connecticut. The Bank’s Web site is http://www.newalliancebank.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 10. Approximately 50 percent of all U.S. residential mortgages are processed using FIS software. FIS is a member of Standard and Poor’s (S&P) 500(R) Index and has been ranked the number one banking service provider in the world by American Banker and the research firm Financial Insights and the number two overall financial technology provider in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 7,800 financial institutions in more than 60 countries worldwide. For more information on Fidelity National Information Services, please visit http://www.fidelityinfoservices.com/.