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FIS, Obopay Partner to Offer Mobile Payment Service

November 18, 2008

JACKSONVILLE, Fla. and REDWOOD CITY, Calif. — Financial institution services provider Fidelity National Information Services Inc.(FIS) and mobile-phone payment solutions provider Obopay Inc. have announced the launch of a new person-to-person (P2P) mobile money transfer service for financial institutions. By partnering with Obobpay, FIS will be the first core provider to launch a mobile phone-based person-to-person payment service, according to the company.

"We are excited about our alliance with Obopay in providing this valuable banking service to the mobile banking community," said Anthony Jabbour, executive vice president for FIS Core Processing and eBanking. "By meeting the emerging expectations of the growing mobile banking community, the FIS mobile P2P payment solution is yet another testament to the commitment FIS has in providing the most comprehensive array of technology solutions to help financial institutions meet their customers' evolving needs."

With the FIS mobile P2P service, financial institutions can offer their customers the ability to receive money from friends and family wherever mobile phone service is available. The FIS mobile P2P service will initially be offered with checking accounts or prepaid cards linked to the mobile phone, enabling users to send and receive payments. To use the FIS mobile P2P service, consumers simply link their checking account or payment card to their mobile phone.

"This alliance with FIS is further evidence of the importance and value of mobile payments to banks and their customers," said Gregory Holmes, president of U.S.-based operations for Obopay. "As our mobile payment service continues to evolve in concert with established financial services firms, we remain committed to delivering solutions that enable banks to drive new revenue and connect with America's more than 260 million mobile consumers."

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