• FIS’ Merchant Services solution allows Centennial Bank to concentrate on banking services while delivering a professional, experienced processing service to its commercial customers.
• End-to-end system for managing merchant point-of-sale (POS) acquiring allows Centennial Bank to nurture relationships, minimize costs, create efficiencies and grow merchant business.
FIS™, the world’s largest provider of banking and payments technology, today announced that Arkansas-based Centennial Bank, a wholly owned subsidiary of Home BancShares, Inc., will deploy FIS’ Merchant Services to support its continued growth in merchant relationships. By deploying the comprehensive suite of products and services with customized credit, debit, check and gift card processing, Centennial Bank will adopt a true end-to-end merchant services solution for managing merchant portfolios while gaining a competitive advantage in the marketplace.
“As a regional bank with deep, long-term community relationships, we need a strong merchant referral partner to focus on servicing commercial accounts,” said Centennial Bank CEO, Randy Sims. “With FIS Merchant Services suite, Centennial Bank can remain steadfastly committed to our loyal retail customers while trusting FIS to deliver direct, personalized service, sales and support to our merchants.”
FIS’ Merchant Services helps financial institutions strengthen merchant relationships through flexible, efficient, easy-to-manage and profitable merchant processing options. FIS provides all aspects of merchant servicing, including terminal support, merchant servicing and institution support, and offers a competitive pricing structure and additional sales functions to supplement a bank's sales efforts.
“FIS’ personalized service and comprehensive technologies provide financial institutions with the ability to achieve their strategic business goals of driving revenue while mitigating risk,” said Jim Johnson, senior vice president, Retail Payments, FIS. “Our long history of servicing community-based institutions delivering direct and personalized services in much the same way that our clients do enables Centennial Bank to focus on the strategic and differentiating activities it needs to grow its business and deliver best-in-class customer services while relying on FIS to deliver the technologies and industry expertise that help them accomplish those goals.”
Centennial Bank provides commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities throughout Arkansas, Florida and south Alabama.
About Centennial Bank
“Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Our wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has locations in central Arkansas, north central Arkansas, southern Arkansas, the Florida Keys, southwestern Florida, central Florida, the Florida Panhandle and south Alabama. The Company's common stock is traded through the NASDAQ Global Select Market under the symbol "HOMB."”
FIS (fisglobal.com) is the world’s largest global provider dedicated to banking and payments technologies. With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 100 countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000 people worldwide and holds leadership positions in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions. First in financial technology, FIS tops the annual FinTech 100 list, is 425 on the Fortune 500 and is a member of Standard & Poor’s 500® Index.
This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: changes in general economic, business and political conditions and other risks detailed in the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s Form 10-K and other filings with the Securities and Exchange Commission.
Contact: Mary Waggoner, SVP, FIS Investor Relations
P: 904.438.6282 - E: mary.waggoner[.]fisglobal.com.