FIS™
(NYSE: FIS), the world’s largest provider of banking and payments
technology, today announced that it is working with UK-based Vanquis
Bank to provide outsourced payment services in support of the bank’s
international business.
Vanquis Bank is a leading specialist in lending and credit cards and
part of the Provident Financial Group. It offers financial services to
more than 1m customers in the UK and is currently embarking on a new
pilot programme in Poland. Vanquis Bank chose FIS as its credit
card processing provider because of its solution flexibility and
ability to accelerate deployment.
Vanquis Bank launched a full credit card product in Poland – a brand new
market with unique compliance standards, language and currency – in just
four months. The accelerated time to market was achieved because the FIS
platform is built on an open architecture and provides a wide range of
robust functionality. With very few requirements for customisation and a
skilled local team responsible for the implementation, FIS can implement
complex credit card programmes in a matter of weeks.
“We selected FIS because of its track record and ability to deliver
successful payment processing services flexibly and at scale, which was
critical to enable and sustain our plans for further growth,” said David
Underwood, IT & Operations Director at Vanquis Bank. “FIS has the
experience and capabilities to offer credit processing suited to each of
our target regions, enabling us to move forward with a single solution
provider quickly and cost-effectively.”
“We are delighted to be working with Vanquis Bank to support the growth
of their business,” said Ian Benn, Managing Director, EMEA Payments for
FIS. “Because our proven systems can be deployed quickly, Vanquis Bank
has been able to launch rapidly, enabling them to focus on service
innovation and growth. We look forward to continuing work with Vanquis
Bank.”
About Vanquis Bank
Launched in 2003, Vanquis Bank is leading specialist provider of credit
cards to people with limited or uneven credit histories. Based in the
UK, the Vanquis Card brings the flexibility, consumer protection and
convenience of a credit card to this section of the population. Vanquis
is part of the Provident Financial Group, an FTSE 250 listed company.
About
FIS
FIS (NYSE: FIS) is the world’s largest global provider 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 32,000 people worldwide and holds leadership positions in
payment processing and banking solutions, providing software, services
and outsourcing of the technology that drives financial institutions.
First in financial technology, FIS tops the annual FinTech 100 list, is
425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.
For more information about FIS, visit www.fisglobal.com.
