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Scottrade Selects Fidelity National Information Services' Profile Core Processing Solution

Posted on: Tuesday, 28 April 2009, 08:25 CDT

Online Investment Firm to Offer Select Banking Services to Customers

JACKSONVILLE, Fla., April 28 /PRNewswire-FirstCall/ -- Fidelity National Information Services(R) (FIS(TM)) (NYSE: FIS), a worldwide leader in processing and technology solutions for financial institutions, announced today that Scottrade, a leading branch-supported online investment firm, has selected FIS Profile(R) as its core processing solution and FIS WebClient(TM) for its online banking solution.

Looking to provide a seamless experience between brokerage and banking services to its customers, Scottrade sought a technology provider with direct bank expertise. Scottrade selected FIS and its Profile core processing solution largely because of FIS' competence in the direct bank markets and FIS' overall end-to-end capabilities in financial institution technology.

FIS Profile is a strategic, real-time core banking system with multicurrency, multilingual capabilities targeted to those institutions that require exceptional scalability, reliability and business continuity. With an extensive inventory of configurable components shared across all product lines to support loan and deposit products, Profile's integrated architecture contains all of an institution's customer data and deposit and loan accounts within a single logical system of record. This unique application design will facilitate Scottrade's efforts to provide operational efficiency and dramatically accelerate the time-to-market of new products and services.

FIS WebClient is a Web-enabled, integrated banking and brokerage application that provides customers with a single access point to all financial information - creating a personalized, banking portal for all transactions and products. This consolidated view exposes assets and liabilities both inside and outside the institution, providing an overview of the entire customer relationship.

"Scottrade's banking services will give our customers more options as they make their own investing and financial decisions at Scottrade," said Joe Pope, president of Scottrade Bank. "To ensure that our customers have a seamless experience, we aligned ourselves with a provider who understands the intricacies of our business model and can deliver the best-of-breed solutions we require. By leveraging FIS' expertise in providing world-class solutions to the financial industry, we will be able to provide a broader variety of financial products to our customers."

Scottrade's first banking products, which may include checking accounts, savings accounts, certificates of deposit, credit cards, debit cards and online bill pay services, will be available in 2010.

"We're happy Scottrade selected Profile and WebClient to help launch their direct bank business," said James A. Susoreny, executive vice president for FIS. "Scottrade joins a growing and impressive list of financial institutions around the world that have come to realize and chosen to benefit from Profile's broad array of processing advantages."

About Fidelity National Information Services

Fidelity National Information Services, Inc. (NYSE: FIS), a member of the S&P 500, is a leading provider of core processing for financial institutions; card issuer and transaction processing services; and outsourcing services to financial institutions and retailers throughout the world. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10 and has been ranked the number one banking technology provider in the world by American Banker and the research firm Financial Insights in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 14,000 financial institutions in more than 90 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.

About Scottrade

As a leading online investment firm, Scottrade offers a full line of investment products, online trading services and market research tools to help investors take control of their financial future. Scottrade provides customers the convenience of buying many stocks online at just $7 per trade and the support of the largest branch network among online investment firms, with more than 400 nationwide branch offices. Named Highest in Investor Satisfaction by J.D. Power and Associates, Scottrade is dedicated to exceptional customer service and unprecedented value. Scottrade is also one of FORTUNE magazine's "100 Best Companies to Work For" in America. For more information, visit www.scottrade.com.

Forward-Looking Statements

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.

SOURCE Fidelity National Information Services, Inc.

Source: PR Newswire

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