GIFTS Software: News - USA Patriot Act, Bank Secrecy Act, Anti-Money Laundering, FBI, Money Trail

News

FIS Announces Acquisition of GIFTS Software, Inc.

JACKSONVILLE, Fla., Feb. 7, 2011 - FIS™ (NYSE: FIS), one of the world’s largest providers of banking and payments technology, today announced it has acquired GIFTS Software, Inc., a single source provider of integrated funds transfer, Web-based cash management systems and anti-money laundering (AML) solutions. The terms of the deal were not disclosed.

Founded in 1995 and headquartered in New York City, GIFTS solutions are deployed in more than 70 banks including some of the world's largest financial institutions.

FIS has provided commercial treasury solutions for more than 30 years and this acquisition is a strategic move to meet the growing demand for cash management and international services among small- to mid-sized financial institutions, as well as top-tier financial institutions. With this acquisition, FIS is able to offer a robust and fully integrated, licensed or ASP real-time wire transfer solution, eliminating the need for its clients to turn to other providers for these capabilities. The licensed solution has been deployed in conjunction with a number of FIS’ core solutions. The ASP solution is already integrated with FIS’ IBS core banking platform and FIS intends to integrate it into the company’s other core solutions.

Through its existing partnership with GIFTS Software, FIS has deployed the company’s wire transfer solution in a hosted environment via a transaction-based pricing model. This enables small and mid-tier institutions to benefit from the same wire transfer capabilities used by top-tier institutions. Headquartered in Nashville, Tenn., CapStar Bank is one of several banks currently utilizing the solution in a hosted model and 10 banks are already scheduled to deploy in 2011.

“We elected to utilize the FIS and GIFTS wire transfer solution in a hosted environment for a variety of reasons,” said Jane Edwards, senior vice president, CapStar Bank. “We set some aggressive growth objectives for the bank that we believe are more attainable with this deployment model. We have a lean staff, so in order to grow by pursuing new business opportunities with large volume, wire transfer clients, we would have to add back-office staff. With FIS and GIFTS, the entire wire transfer process flows automatically in real-time, with very little human interaction. This provides a clear competitive advantage for CapStar.”

“In today’s global economy, the need to provide AML, cash management and international services isn’t limited to the world’s largest institutions,” said Anthony Jabbour, executive vice president, FIS Financial Solutions Group (FSG). “FIS is a well-established leader for compliance and cash management services and we’re proud to deliver a fully integrated, wire transfer and payment solution to institutions of all sizes for their U.S. and international operations. We are excited to offer our clients the expanded compliance and cash management offerings that GIFTS brings to FIS.”

“We are excited to become part of FIS,” said Jawaid Khan, founder and CEO of GIFTS Software. “The combination of our two companies creates an entity that will lead the commercial treasury market in scale, processing power and innovation.”

About GIFTS Software

GIFTS Software has been successfully providing software solutions to the financial community since 1996. Our product line includes comprehensive compliance solutions, wire transfer, e-banking and customer relationship management systems designed to meet the demanding needs of the financial community. To discover how the GIFTS family of products can help streamline your business process, reduce costs, improve customer service and mitigate operational risks, please contact Paul Gdanski at 646-865-1301, Ext. 240, or via email at pgdanski@giftssoft.com.

About FIS

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.

For More Information:

Marcia Danzeisen, SVP, FIS Global Marketing and Communications

Phone: 904.854.5083, Email: marcia.danzeisen@fisglobal.com

Mary Waggoner, SVP, FIS Investor Relations

Phone: 904.854.3282, Email: mary.waggoner@fisglobal.com