UPDATE 2-Fidelity National Q3 profit misses view by a cent

* Q3 adj EPS $0.46 vs est $0.47

* Q3 EPS $0.35 vs $0.23 last yr

* Q3 rev down 4 pct to $850.7 mln

* Sees Q4 rev flat vs last yr

* Sees savings from Metavante deal $60-$65 mln for 2009 (Recasts, adds conference call details, background)

Oct 21 (Reuters) - Electronic payment processor Fidelity National Information Services Inc (FIS.N) reported quarterly earnings that missed analysts' estimates by a cent, and said it expects revenue to be flat in the fourth quarter.

On a conference call with analysts, the company said it experienced lower payment transaction volumes and spending on software and professional services in the quarter.

The company said it sees no indication of an improvement in the operating environment in the fourth quarter, nor does it expect it to improve in early 2010.

Fidelity National said that though recent actions by the Federal Deposit Insurance Corp on banks has not impacted it to date, going forward "it's a little bigger hole to climb out of."

Fidelity National expects savings of $60 million to $65 million from the Metavante deal for 2009.

Earlier this month, Fidelity National had closed its $2.94 billion acquisition of rival Metavante Technologies, to create the world's largest provider of integrated payment and financial processing services.

Metavante's operations will be included in the company's results prospectively, beginning fourth quarter, Fidelity National said in a statement.

Fidelity National reported a third-quarter adjusted profit that narrowly missed market estimates, hurt mainly by a decline in revenue from its financial solutions and payment solutions segments.

Net profit from continuing operations for the quarter was $67.6 million, or 35 cents a share, compared with $43.6 million, or 23 cents a share, last year. Excluding items, it earned 46 cents a share.

Revenue at the Jacksonville, Florida-based company fell 4 percent to $850.7 million.

Analysts on average were looking for a profit of 47 cents a share, before items, on revenue of $869.6 million, according to Thomson Reuters I/B/E/S.

Financial solutions revenue fell 7.3 percent to $278.2 million, while payment solutions revenue declined 5 percent to $369.5 million.

"We expect our payments will continue to be negatively impacted by weak consumer sales and lower item processing volumes," an executive said on the call.

Payment processors like Fidelity National, Fiserv Inc (FISV.O) and Jack Henry & Associates Inc (JKHY.O) primarily provide IT services and systems that enable banks and financial companies to carry out day-to-day operations.

Shares of the company, an S&P 500 Index .SPX component, closed at $24.83 Wednesday on the New York Stock Exchange. (Reporting by Brenton Cordeiro in Bangalore; Editing by Pradeep Kurup)