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Fidelity National Cardless Cash Solution for CO-OP ATMs
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Fidelity National Information Services, Inc.(FIS - Free Report) announced its partnership with CO-OP Financial Services last Friday. The latter will be adding Fidelity’s Cardless Cash to its ATM services.
Fidelity’s FIS Cardless Cash is a unique mobile solution that bypasses the use of plastic cards in order to make withdrawals from ATM. For this, users can authorize a withdrawal from an ATM through the FIS Mobile Banking app using TouchID. As it completely avoids the use of plastic cards, it is deemed to be more secure and private for consumers.
Fidelity’s offerings will be incorporated in the CO-OP ATM Terminal Driving services, a pilot program scheduled to begin in first-quarter 2017. As the CEO of CO-OP stated “CO-OP focuses on providing credit unions the latest technology that strengthens member connections.” He added "This partnership will provide credit union members additional convenience, combined with the latest in transaction security.”
Fidelity continues to bolster its position in the financial and payments solutions business by enhancing product portfolio. It has placed itself well to benefit from increasing investment in mobile banking, which has now developed into an essential extension of online banking as smartphone and tablet usage continues to accelerate globally.
The company had launched FIS Cardless Cash last year and is now striving to expand its consumer base. The service has been deployed by nearly 35 financial institutions while the company is already working to make it available at over 100K ATMs in the U.S. The aforementioned collaboration is a positive as it brings under its coverage a vast number of CO-OP ATMs (nearly 30K surcharge-free ATMs as of Jul 2016).
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
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Fidelity National Cardless Cash Solution for CO-OP ATMs
Fidelity National Information Services, Inc.(FIS - Free Report) announced its partnership with CO-OP Financial Services last Friday. The latter will be adding Fidelity’s Cardless Cash to its ATM services.
Fidelity’s FIS Cardless Cash is a unique mobile solution that bypasses the use of plastic cards in order to make withdrawals from ATM. For this, users can authorize a withdrawal from an ATM through the FIS Mobile Banking app using TouchID. As it completely avoids the use of plastic cards, it is deemed to be more secure and private for consumers.
Fidelity’s offerings will be incorporated in the CO-OP ATM Terminal Driving services, a pilot program scheduled to begin in first-quarter 2017. As the CEO of CO-OP stated “CO-OP focuses on providing credit unions the latest technology that strengthens member connections.” He added "This partnership will provide credit union members additional convenience, combined with the latest in transaction security.”
Fidelity continues to bolster its position in the financial and payments solutions business by enhancing product portfolio. It has placed itself well to benefit from increasing investment in mobile banking, which has now developed into an essential extension of online banking as smartphone and tablet usage continues to accelerate globally.
The company had launched FIS Cardless Cash last year and is now striving to expand its consumer base. The service has been deployed by nearly 35 financial institutions while the company is already working to make it available at over 100K ATMs in the U.S. The aforementioned collaboration is a positive as it brings under its coverage a vast number of CO-OP ATMs (nearly 30K surcharge-free ATMs as of Jul 2016).
FIDELITY NAT IN Price and Consensus
FIDELITY NAT IN Price and Consensus | FIDELITY NAT IN Quote
Zacks Rank
Fidelity currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader space include JetPay Corporation , Banco Bradesco S.A. (BBD - Free Report) and Euronet Worldwide, Inc. (EEFT - Free Report) . All three carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Interested in IPOs? Check out the special edition of Zacks Friday Finish Line below, where Editor Maddy Johnson and Content Writer Ryan McQueeney interview Kathleen Smith of Renaissance Capital about the IPO market in 2016 (see part two here).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>