JACKSONVILLE, Fla.--(EON: Enhanced Online News)--FIS™ (NYSE:FIS), one of the world’s largest providers of banking and payments technology, today announced that it has completed 11 new agreements year-to-date for its BancPac core processing solution. Town & Country Bank and Trust Company, a community bank located in Bardstown, Ky., is one of FIS’ newest BancPac clients.
“FIS’ BancPac provides community banks with integrated technology that is efficient, fast, affordable and easy to use”
Town & Country Bank and Trust Company has deployed FIS’ BancPac core processing solution in conjunction with other integrated FIS solutions, including ATM/Debit card processing, bill payment, eBanking, imaging, TellerElite and others.
BancPac can be fully integrated with a suite of modules designed to expedite new account origination, as well as create and maintain a successful sales culture throughout the bank, resulting in greatly improved communications, streamlined administrative functions and a complete snapshot of the sales and service pipeline. Since BancPac’s Windows®-based architecture leverages existing hardware systems and real client-server technology, FIS delivers one of the most efficient, easy-to-use and cost-effective systems for core bank processing available in the industry today.
“We were seeking a single source solution partner to replace the multiple vendors that currently provide us with a variety of mission critical applications,” said Ben Wathen, executive vice president and chief operating officer at Town & Country Bank and Trust Company. “With FIS, we now have an integrated solution from one provider that delivers technology designed to expedite new account origination. BancPac provides us with the ability to create and maintain a successful sales culture that will result in new clients and cross-sell opportunities, directly contributing to our bottom line.”
“FIS’ BancPac provides community banks with integrated technology that is efficient, fast, affordable and easy to use,” said Anthony Jabbour, executive vice president, FIS Financial Solutions Group. “We’ve experienced more banks selecting BancPac because it can minimize IT costs by running on a financial institution’s existing PC platform, while also providing the ability to customize solutions, giving an organization more flexibility and control. FIS looks forward to supporting Town & Country by offering streamlined processing capabilities and helping them achieve their long-term growth strategy.”
Town & Country Bank and Trust Company is a $460 million asset full-service bank which operates 11 banking centers in central Kentucky with headquarters in Bardstown. Founded in 1907, its footprint covers the communities of Bardstown, New Haven, Lawrenceburg, Versailles, Georgetown, Nicholasville and a trust department in Louisville. The bank was the first “image” bank in Kentucky when it implemented imaged statements in 1995 and continues to be a leader in adopting emerging technology. For more information about Town & Country Bank and Trust Co. visit www.mytcbt.com.
FIS delivers banking and payments technologies to more than 14,000 financial institutions and businesses in over 100 countries worldwide. FIS provides financial institution core processing, and card issuer and transaction processing services, including the NYCE® Network. FIS is a member of Standard and Poor's (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. For more information about FIS see www.fisglobal.com.
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.