Presentation on theme: "The 2014 WIC EBT User Group Meeting FIS Government Services Vendor Showcase Alexandria, Virginia July 24, 2014."— Presentation transcript:
1The 2014 WIC EBT User Group Meeting FIS Government Services Vendor Showcase Alexandria, Virginia July 24, 2014
2FIS is a global technology leader North AmericaMarket leaderCore and payment solutionsEuropeEstablished core and payment providerFIS ClientsFIS OfficesFIS Data centersFIS Offshore BPO delivery centersAsia PacificGrowing core and payment presenceFounded 1968Public Company NYSE: “FIS”Headquarters North AmericaMajor OfficesAsiaAustraliaEuropeLatin AmericaFIS has an expansive international footprint with a strong presence in key growth regions and over 110 countries, including “on the ground” subject matter experts in offices and data centers in strategic growth markets worldwide.FIS Services are delivered from 29 global operations centers throughout Latin America, Europe, the Middle East, Africa, Asia and Australia.Our broad client base has expanded to include 14,000 FIs and over 100,000 merchants.Latin AmericaNo. 1 card processor in Brazil$6.1B Revenue$1.1B Operating Cash Flow39,000 Employees14,000+ Clients110+ CountriesFebruary 4, 2014 Press Release Titled: FIS Reports Full Year and Fourth Quarter 2013 Results.
3FIS has received industry-wide recognition Ranked #425#1,026 Global 2000#1,366 in Sales#1,181 in Profit#1,165 in Assets#996 in Market Value"It is impressive to see a technology solutions provider such as FIS continue to grow its revenues in one of the most challenging and competitive times in our industry.“-- Karen Massey, Senior Analyst IDC Financial Insight-- Jacqueline DohertyBarron’s Cover Article, “Making the Grade”“[The ranking] suggests management is on its game and adept at using all available tools to find new markets, control costs and deliver the products and services customers want, need and demand.”“Depth of Service Award”“Top 5 in Technology Innovation”“Best Prepaid Service Provider”
4Our keen client focus has made our growth possible Client RelationshipsClient FocusIndustry ExpertiseMarket ReachSolution Breadth300+ banking & payments solutionsBPO, consulting and transformational services#1 leader in credit card, prepaid card processing, & loyalty programs processing 89M cards per yearEBT services provided in 45 statesClient RelationshipsClients include 9 of the top 10, and 40 of the top 50 global banks100,000+ merchants/billersFederal government & 40 state governments40+ years FinTech experienceCertified payment processor for the IRSDedicated market practicesMember of S&P 500 IndexKey Messaging Points:Over the past 40 years, FIS has focused on guiding institutions of all asset sizes – community, mid-tier, large and global 100 — to a stable and profitable futureUnderstanding and serving the unique needs of individual customer segments has shaped the strategic direction of FIS, which is partnering with financial institutions worldwide to forge stronger, more profitable and lasting customer relationships.Given the current global economic environment and its direct impact on the financial services industry, our ability to understand the unique needs of our clients is even more important to our strategic client relationships.During the last decade, we have amassed a vast banking and payments product portfolio of more than 300 solutions (core banking platforms, payment services and payment networks, value-added services and consulting) serving more than 14,000 FIs, 5,600+ credit unions and 100,000 merchantsFIS has built out an expansive footprint with 33,000 associates, including 1,500 consultants, across 100+ countriesOur company invests more than $300 million annually in next-generation advancements to these solutionsWe serve the critically important needs of all stakeholders within the EBT community with ultimate focus on system strength and reliability, speed, and service in a rapidly changing technological world.
5Our philosophy is simple: Never Compromise. On Quality. On Service.FIS is a partner who will work closely with youDemonstrated commitment to EBT industry and our customersEBT customers rate FIS “excellent” in annual Customer Satisfaction surveysWe deliver what we promise. Period.
6We have 22 years of experience with government EBT services WIC EBT Prime Contractor for 4 states today. Soon to be 7!Florida, Massachusetts, West Virginia, and Wisconsin!In contract process with Iowa, Maine and ColoradoSubcontractor to CDP for Kentucky WICEBT Prime Contractor for 12 + statesArkansas, District of Columbia, Florida, Kansas, Minnesota,Missouri, North Carolina, North Dakota, Oregon,South Dakota, Tennessee, WisconsinIn contract process with New MexicoFull EBT processor and service provider undera subcontractor agreement for 3 states- New Hampshire, Rhode Island, and VermontKey Subcontractor for services in 2 states- Kentucky and MontanaChild Care Prime Contractor for 2+ statesKansas and OregonIn contract process with WisconsinEBT ProcessingOther EBT Services
8Our WIC EBT Solution: WIC Direct Our Valued Partner: CDP Outstanding PartnershipIntegrated team of FIS and CDP professionalsUnmatched combined expertise and resourcesThe Right Business RelationshipsExperience with eWIC Stakeholders and Payment ProcessingRelationships with many national retailersUnparalleled TeamRenowned experts in WIC, EBT and e-WICQualified staff with decades of EBT experience, including specialized eWIC experienceA Different ApproachOperational System is Government-OwnedSolution owned by the State that can be modified and operated by FIS-CDP team
9The FIS Team WIC GoalTo successfully assist FNS and WIC authorities to develop and implement cost effective, high quality WIC EBT systems.
10A few facts about WIC Direct Government OwnedDesigned and built in close collaboration with FNS, Kentucky WIC and members of the retail communityPurpose built for WIC EBTModern technologyNot an add on to a legacy EBT or Debit payment systemDesigned specifically to satisfy WIC EBT requirements and complex benefit redemption processesStandards CompliantX9.93 Part 1 and Part 2 messagesTechnical Implementation Guide (TIG)WIC Operating RulesUniversal InterfaceTransferrableAny State can own the softwareOperate in-house or outsourcePotential to extend the life cycleBenefit from enhancements built for other statesArchitected for high availabilityRobust alert systemRedundant transaction interfacesRemote hot site backupFail over architectureRemote monitoring and maintenance
12Wireless POS Farmers Market and WIC FIS Is Largest Provider to Farmers MarketsFIS’ wireless solution accepts EBT, debit, and credit cardsAllows FNS-approved farmers’ markets, roadside vendors, route vendors or any facility without a dedicated, wired POS device to actively participate in the EBT programUtilizes a hold-in-your-hand VeriFone Vx 610 deviceEmploys top-of-the-line Code Division Multiple Access (CDMA) technology used to transmit wireless calls and Verizon’s digital and extended network coverageExtremely reliable solutionFIS provides our wireless retailers with installation support, training and training materials, and access to the 24/7 Retailer Help DeskFIS Largest National Provide for Farmers MarketsWireless Terminal Fee, Monthly Service fee, EBT Transaction free, Debit Transaction normal industry costs per transaction. Visa & MasterCard also available.Both Online WIC and Cash Value Benefit transactions
13For questions, please contact Ann Ray Ann. Ray@fisglobal For questions, please contact Ann Ray (414)