JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS™ (NYSE: FIS), one of the world’s largest providers of banking and payments technology, today announced that Ready Financial Group has added FIS’ Mobile Financial Services application to enhance their prepaid account offerings.
Located in Boise, Idaho, Ready Financial Group provides READYdebit® Visa® Prepaid Cards to thousands of consumers nationwide. The prepaid debit cards can be used globally anywhere Visa debit cards are accepted, including ATMs. The card provides consumers the flexibility of a traditional checking account debit card and bill pay without the worry of possible overdraft fees.
Ready Financial Group currently utilizes FIS’ prepaid alerts which provide SMS messages alerting customers when funds are loaded or removed and enables them to perform balance inquiries via their mobile device. With the addition of FIS’ Mobile Financial Services application, consumers using the READYdebit Visa Prepaid Cards can perform financial transactions via their mobile phones − including paying bills, checking balances and reviewing transaction history. The application features advanced security utilizing FFIEC compliant two-factor authentication with a unique ID embedded in each application. All card-related data handling is also PCI compliant. In addition to providing enhanced mobile functionality for Ready Financial’s prepaid cards, FIS has recently launched a READYdebit-branded iPhone application available in Apple’s App Store and an Android application available in Google’s Android Market.
“Adding FIS’ Mobile Financial Services application to our prepaid card offering greatly enhances our customers’ ability to manage their financial transactions,” said John Magnuson, vice president of Product Development/Analytics, Ready Financial Group. “Our goal is to provide a reliable, quality and mobile-accessible product that gives our customers a high degree of flexibility and convenience. Teaming with FIS allows us to do that.”
“We are pleased that Ready Financial Group chose to enhance its mobile capabilities with FIS,” said Frank D’Angelo, executive vice president, FIS Payment Solutions. “Adding enhanced mobile capabilities to their product offering allows Ready Financial Group to supplement their existing functionality thereby strengthening their current offerings to customers.”
Founded in 2006, Ready Financial Group offers the READYdebit® Visa® Prepaid Card with online bill payment and check-writing service − an affordable alternative to high-fee checking accounts. In 2009 U.S. banks collected nearly $40 billion in bounced-check and overdraft fees − hundreds of dollars per household. Ready Financial's products are specifically designed to prevent overdrafts, with the potential to save American consumers billions in fees annually. The READYdebit Card is accepted everywhere Visa debit cards are accepted worldwide and all deposits are insured by the FDIC. Visit www.readydebit.com.
FIS (NYSE: FIS) is one of the world’s largest global providers dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. FIS is a member of Standard & Poor’s 500® Index and consistently holds a leading ranking in the annual FinTech 100 list. For more information about FIS, visit www.fisglobal.com.
Forward-Looking Statements
This news 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.