JACKSONVILLE, Fla., February 4, 2014 – FIS™ (NYSE: FIS), the world’s largest provider of banking and payments technology, today announced that its board of directors has authorized a new share repurchase program of up to $2.0 billion, effective through Dec. 31, 2017. The new share repurchase program replaces the previous $1.0 billion program under which approximately $174 million remained outstanding.
“This action, combined with the previously announced increase in the quarterly dividend, reflects our confidence in FIS’ future growth and our commitment to returning cash to our shareholders,” stated Frank Martire, FIS chairman and CEO. “FIS’ robust cash flow enables us to deliver strong returns to our shareholders, while continuing to invest in our global business and maintaining a strong balance sheet.”