Fidelity National To Build Own DebitNetwork

Register now

JACKSONVILLE, Fla. - (02/17/06) -- Fidelity National InformationServices, the cards processing and back-office services providerrecently formed, said this week it plans to start its own debitprocessing network and to offer discounted interchange rates tomerchants. The company, formed last month by the merger of FidelityNational Financial's back-office group and Certegy Inc., iscurrently processing almost 140 million transactions a month,including signature, PIN and stored-value debit transactions. Italso operates a network of 4,100 ATMs. Plans call for launch of thenew network later this year.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER