FIS joins the MULTOS Consortium Council
Posted on 04 March, 2020 in Category
London, UK – 4th March 2020 – The MULTOS Consortium, a group of international blue-chip organisations responsible for the promotion and development of the high-security smartcard platform, announced today that FIS™, the world’s largest global provider dedicated to financial technology solutions has joined the MULTOS Consortium Council*. As a Council member FIS will provide strategic support for the direction and development priorities for the MULTOS standards on behalf of the Consortium's membership.
FIS™ has been a Partner member of the MULTOS Consortium since 2012 and has provided their issuer customers with significant volumes of MULTOS powered smartcards over the years. In 2017 the MULTOS Consortium reported that the MULTOS secure device shipment volumes had surpassed the one billion milestone, in part due to the acceleration of EMV card deployments in the US market.
Having serviced thousands of banks and credit union customers with their US EMV migration needs, FIS is a leader in the widespread adoption and growth of EMV technology in the US. Not only utilizing MULTOS for its renowned reputation in security and personalization flexibility, FIS also leverages one of the founding features of MULTOS – management of the supply chain. The technology was designed from the ground up as the world’s most secure smartcard platform with an open supply chain model; one of the unique features that differentiates MULTOS in the smartcard industry.
Bastian Knoppers, SVP Market & Business Development for Banking Solutions at FIS, said “As a world class financial technology solutions provider, FIS leads the way in delivering innovative payment and processor services that position us well for the future. The robust and flexible MULTOS technology is a valued enabler for us to deliver outstanding solutions and services to our clients. As a Council member, our strategic support and guidance will ensure we continue to leverage the key benefits and features of MULTOS to enhance our customer offering and will also ensure the technology is well adapted for the wider MULTOS ecosystem.”
Paul Wilson, Commercial Manager of the MULTOS Consortium, said: “On behalf of the MULTOS Council and wider Consortium, I am delighted to welcome FIS™ to the strategic decision making group within the MULTOS community. FIS are a highly respected and successful financial technology solution provider and as a valued partner have extensive MULTOS client experience. Their support at the Council level will be a valuable contribution in helping to ensure the MULTOS technology continues to meet and exceed market requirements.”
FIS is a global leader in financial services technology, with a focus on retail and institutional banking, payments, asset and wealth management, risk and compliance, consulting, and outsourcing solutions. Through the depth and breadth of our solutions portfolio, global capabilities and domain expertise, FIS serves more than 20,000 clients in over 130 countries. Headquartered in Jacksonville, Fla., FIS employs more than 57,000 people worldwide and holds leadership positions in payment processing, financial software and banking solutions. Providing software, services and outsourcing of the technology that empowers the financial world, FIS is a Fortune 500 company and is a member of Standard & Poor’s 500® Index. For more information about FIS, visit www.fisglobal.com.