Banco Real awards card processing deal to Fidelity unit

Source: Fidelity National Information Services

Fidelity National Information Services (NYSE: FIS), the worldwide leader in processing and technology solutions for financial institutions, announced today the successful conversion of Banco Real's more than 5 million Brazilian credit card portfolio to Fidelity Processadora e Servicos S.A - FIS' Brazil-based card processing services company.

Fidelity Processadora e Servicos S.A., which is a joint venture among FIS, Banco Real and Banco Bradesco, provides Brazil's most comprehensive range of card processing and support services including call center management, back- office support, card transaction processing, risk management and collection services. As a result of the Banco Real conversion, Fidelity Processadora e Servicos now processes more than 22 million cards in Brazil.

"FIS' proven expertise and excellent reputation in Brazil were key factors in our decision to partner with FIS," said Felix Cardamone, executive vice president of Banco Real. "The feature functionality, scalability and operational efficiency of FIS' BASE2000 card processing platform will enable us to offer more choices to our customers at competitive prices."

"We are very proud and appreciative of the conversion teams whose hard work and dedication resulted in a successful transition," said Vince Pavese, executive vice president of FIS' International division.

"We are extremely pleased to have partnered with Banco Real," added Lee A. Kennedy, president and chief executive officer for Fidelity National Information Services, Inc. "Brazil represents an excellent opportunity for our company and we are strongly committed to providing the bank and its customers with excellent service and support."

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