Fidelity National Information Launches Brazilian Outsourcing Project

JACKSONVILLE, Fla. – Fidelity National Information Services, one of the biggest third-party processors for credit unions, announced Tuesday it has created a back-office outsourcing and item processing operation in Brazil. The new outsourcing operation, which will be called Fidelity BPO Brazil Ltda, will provide a comprehensive range of office processing and support services, check imaging, check clearing and custody and consumer loan processing for credit unions and banks at more than 40 processing centers in Brazil. To facilitate the massive outsourcing initiative, Fidelity National Information has agreed to acquire Proservvi Empreendimentos e Servicos Ltda, a Brazilian processor, for $2.8 million in cash and the assumption of $13.3 million in debt.