Companies

FIS Launches Industry-First Offering Enabling Banks to Lead and Scale in Agentic Commerce

FIS Global

"FIS® announced the launch of its first offering to enable agentic commerce on the heels of announcing the close of the acquisition of its FIS® Total Issuing™ Solutions portfolio. FIS’ new agentic commerce offering is the first to enable banks to safely and securely conduct commerce with AI agents and card networks."

Tags: FIS

Companies

FIS Completes Strategic Acquisition of Global Payments’ Issuer Solutions Business and Sale of Worldpay Stake

FIS Global

"FIS® announced the completion of its acquisition of Global Payments' Issuer Solutions business, formerly known as TSYS, for an enterprise value of $13.5 billion, or a net purchase price of $12 billion including $1.5 billion of net present value of tax assets. Offerings from this asset, the world’s largest issuing business, will now go to market under the FIS® Total Issuing™ Solutions portfolio brand."

Tags: FIS

Companies

FIS Introduces Smart Basket, Transforming the Shopping Experience Through Real-time Purchase Intelligence

FIS

"FIS is soon to launch Smart Basket, a solution being designed to use real-time basket intelligence to drive value for consumers and businesses at the point of sale. Smart Basket uses real-time intelligence to analyze purchase transactions and deliver targeted promotions. FIS is developing Smart Basket to allow multiple payment types to be applied in a single purchase for debit and credit programs."

Tags: FIS

Companies

FIS Acquires Amount to Deliver Unified Digital Account Origination, Empowering Financial Institutions to Accelerate Growth and Simplify Banking

Business Wire

"FIS® announced it has completed its acquisition of Amount, a provider of unified digital banking origination and decisioning experiences for financial institutions. FIS strategically expands its portfolio of solutions that support the money lifecycle: At Rest: simplifies account opening with processes that reduce fraud and ensure compliance; In Motion: streamlines credit card issuance and payments with faster approvals and seamless customer journeys; At Work: empowers institutions with tools to deliver exceptional service."

Tags: FIS

Companies

FIS Builds on Awards Momentum for Treasury Solutions by Launching AI-Powered Neural Treasury Suite

FIS Global

"FIS® announced the launch of FIS Neural Treasury, an AI-powered suite designed to transform how treasury operations utilize technology to run their business and manage their money in motion. The solution suite combines AI, machine learning and robotics to help corporate treasurers in business of various sizes with increasing efficiency, reducing operational risk and unlocking cash flow to help fund strategic growth opportunities."

Tags: FIS

Companies

FIS Launches Investor Services Suite to Transform Investor Servicing Lifecycle

FIS Global

"FIS® has launched FIS® Investor Services Suite, an end-to-end solution designed to transform the investor servicing landscape for financial institutions, as well as alternative and traditional fund managers. The solution helps optimize end-to-end processing for swift customer onboarding and enhanced investor screening, and will make it possible to automate the investor lifecycle, helping to improve operational efficiency and support the ability of clients to meet their regulatory obligations."

Tags: FIS

Companies

FIS Partners with Circle to Unlock Stablecoin Money Movement Functionality for Financial Institution Customers

Business Wire

"FIS® announced a new partnership with a subsidiary of Circle Internet Group, Inc. to give financial institutions the ability to transact in USDC, the world’s largest regulated stablecoin. This partnership launches on the heels of new U.S. stablecoin legislation that paves the way for digital assets to become more integrated with traditional finance in the U.S."

Tags: FIS

Companies

FIS and Visa Deepen Their Relationship to Provide Regional and Community Banks With Easier Access to Powerful Payments Capabilities

FIS

"FIS and Visa have expanded their relationship to collaborate on new value-added payment capabilities for financial institutions of all sizes, helping to level the technological playing field for regional and community banks across money in motion."

Tags: FIS Visa

Companies

Harmony Gap Research from FIS and Oxford Economics Reveals 78% of Global Businesses Leaning into AI to Combat Fraud

FIS Global

"Global business and technology leaders are already seeing benefits from the use of AI and automation, with over three-quarters (78%) reporting measurable improvements in the ability to detect fraud and manage risk after their organization’s integration of the technology. This is according to “The Harmony Gap: Finding the Financial Upside in Uncertainty” report, published in full today by global financial technology leader FIS® (NYSE: FIS) in collaboration with Oxford Economics."

Tags: FIS

Companies

FIS Harmonizes Payments with Launch of Unified Money Movement Hub

FIS Global

"Global financial technology leader FIS® announced the launch of its Money Movement Hub, an innovative payments solution that helps to simplify the back-end infrastructure of financial institutions by enabling them to connect to multiple payment networks and process payments in one place. Designed as a turnkey solution for a wide range of institutions - from super regional banks to community banks - the Money Movement Hub supports a modernized payments journey that can change with each client’s needs."

Tags: FIS

Companies

FIS Launches Treasury GPT, a Pioneering AI-based Product Support Tool for the Treasury Industry

FIS Global

"FIS® announced the launch of FIS Treasury and Risk Manager - Treasury GPT, a proprietary generative AI-driven product support tool embedded within its FIS Treasury and Risk Manager – Integrity Edition. In collaboration with Microsoft, the tool uses Microsoft Azure OpenAI Service for enhanced data and risk management, and quickly generates responses on queries pertaining to product usability, client configuration, policies and best practices for use of the solution."

Tags: FIS

Companies

FIS Unlocks Second Half of FedNow Instant Payments Network Potential With New Send Certification

FIS Global

"FIS today announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserve’s FedNow instant payment service. The addition of send capabilities and real-time alerts will enable FIS’ financial institution clients to fully harness the entire FedNow service by providing their consumers and commercial borrowers with a modernized and unified digital payment experience."

Tags: FIS

Companies

FIS Set to Acquire UK FinTech Demica in $300m Deal

IBS Intelligence

"US banking and PayTech giant FIS has reportedly signed a $300 million deal to acquire London-based FinTech Demica , several media reports stated on Monday. Founded in 1992, Demica offers a cloud-based supply chain finance powering the trade finance programme for large trade banks and corporations. The solution integrates with multiple bank payment gateways to automate real-time payments in over 30 countries."

Tags: FIS

Companies

FIS and Oracle Enhance Utility Billing Experience

FIS

FIS^® announced a collaboration with Oracle to bring enhanced billing and payment capabilities to Oracle’s utility customers. The FIS BillerIQ solution will enable the rollout of electronic bill delivery and provide a seamless experience from consumption to payment. 75% of organizations still use paper checks for bill payments.

Tags: FIS Oracle

Companies

FIS Restarts Its M&A Engine As It Looks to Its Worldpay Stake for a Payoff

Digital Transactions

"More than a year after spinning off a majority interest in the massive Worldpay merchant-processing platform, FIS Inc.’s top brass said early Monday the move is already paying off. And the company is revving up its acquisition engine again, with $1 billion committed to do deals this year."

Tags: FIS

Companies

Enhanced Security Tops Singapore Banking Customers’ Wishlist Amid Rising Fraud Fears: FIS Survey

FIS Global

"Strengthening online security tops the innovation wishlist of Singapore banking customers surveyed, with “money lock” to prevent withdrawals emerging as the most sought-after innovation, ranking above features like cardless withdrawals and voice-activated virtual assistants."

Tags: FIS

Companies

FIS Leverages Scale and NYCE Debit Network to Enable Streamlined Peer-to-Peer Payment Capabilities within Digital Banking Platforms

Business Wire

"FIS® announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of institutions."

Tags: FIS

Companies

FIS Launches SMB Digital Lending to Streamline Small Business Loan Processes

FIS Global

"FIS® announced the launch of its new SMB Digital Lending solution. Created in partnership with Lendio, the solution aims to reduce the barriers to funding for small and medium-sized businesses by streamlining and automating lending processes for financial institutions."

Tags: FIS

Companies

FIS Launches Innovative New Fintech Platform – Atelio™ by FIS

Business Wire

"FIS® has introduced Atelio by FIS™, a fintech platform that provides the building blocks for financial institutions, businesses and software developers to embed financial services into their offerings."

Tags: FIS

Companies

FIS Offers Greater Card Fraud Detection through New Artificial Intelligence Collaboration

FIS Global

"FIS® announced that its SecurLOCK™ card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy."

Tags: FIS Stratyfy

Companies

FIS Widens Access to Open Banking Through Collaboration With Banked

Business Wire

"FIS® announced it has entered a strategic partnership with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers."

Tags: FIS

Companies

With Trust in Generative AI Fragile, Consumers Lay Out Terms for Adoption in Financial Services, According to FIS Survey

FIS Global

"As businesses race to deploy new solutions leveraging artificial intelligence, a new study from FIS®, suggests they may be out of lockstep with their customers."

Tags: FIS

Companies

Worldpay from FIS Launches Revenue Boost, Maximizing Ecommerce Potential for Merchants

Businesswire

"Worldpay from FIS®, a global leader in financial services technology, has today unveiled Revenue Boost, a turnkey solution, powered by machine learning, designed to help merchants process more card-not-present transactions while lowering the cost and risk of taking payments."

Tags: FIS

Companies

FIS On the Ready to Support Federal Reserve’s New Instant Payment Service

Business Wire

FIS^®, a global leader in financial services technology, has announced it is among the first in the fintech industry to complete testing and certification for the FedNow^® Service, the Federal Reserve’s new instant payment offering launching in July 2023. The certification is for “Credit Transfer – Receive Only” payments, which allows FIS to receive payments from any financial institution that sends money over the FedNow network, send payment returns as well as provide various acknowledgements, requests, and responses.

Tags: FIS

Companies

GTCR to Acquire Majority Stake in Worldpay

PR Newswire

"GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire a majority stake in Worldpay, a leading global provider of payment processing solutions, from FIS®, a global leader in financial services technology. GTCR will acquire 55% of Worldpay, and FIS will retain the remaining 45%, in a transaction that values the business at $18.5 billion."

Tags: FIS Worldpay

Companies

FIS Acquires Banking-as-a-Service Startup Bond

TechCrunch

"Consolidation continues apace in the world of fintech. FIS, the fintech giant that runs a wide range of payment, banking and investment services, has acquired Bond, a startup that specializes in embedded finance, multiple sources confirmed today."

Tags: FIS

Companies

Account-to-Account Payments Set to Revolutionize Shopping, with E-commerce Payments Reaching $525 Billion Globally: Worldpay from FIS 2023 Global Payments Report

Businesswire

"In 2022, account-to-account (A2A) payments continued to grow across the globe, with the expansion of real-time payment systems helping to provide faster, safer and more convenient payments for consumers at the checkout, according to a new report released today from global financial technology leader FIS® (NYSE: FIS). The Worldpay from FIS Global Payments Report 2023 examines how consumers pay today both in-store and online across 40 global markets."

Tags: FIS

Companies

FIS Implements New Board Leadership Structure to Drive Enhanced Shareholder Value; Stephanie L. Ferris Assumes CEO Role

FIS Global

“FIS®, a global leader in financial services technology, today announced updates to its Board of Directors and leadership team to drive enhanced shareholder value. Consistent with the Board’s focus on enhancing corporate governance, FIS will transition to an independent Board Chair structure. Jeffrey A. Goldstein, Lead Independent Director of the FIS Board, has been appointed as Independent Chairman, effective December 16, 2022. In conjunction with this appointment, Stephanie L. Ferris, previously announced as incoming Chief Executive Officer, will succeed Gary A. Norcross effective December 16, 2022. As part of the leadership transition of the Board, Mr. Norcross will depart from the Board of FIS on the same date…In her role as FIS President, Ms. Ferris has been responsible for steering and executing the Company’s global business strategy, including M&A, and its global business operations serving financial institutions, merchants and corporates of all sizes and geographies. A 28-year industry veteran with expertise in payments, technology platform businesses and driving digital transformation, Ms. Ferris has been integral to FIS’ growth globally, where it currently supports more than 20,000 businesses and over a million merchant locations.”

Tags: FIS

Companies

Real-Time Payments In U.S. Marks Fifth Year — FedNow Coming In July

“To mark the fifth anniversary of real-time payments in the U.S. The Clearing House (TCH) and Jack Henry launched a flurry of statistics which cast a bit of an obscuring haze over the topic.   TCH says its RTP network reaches 62% of all demand deposit accounts in the U.S. and 85% of insured depository institutions have technical access to the network through more than 20 technology solutions providers, including Jack Henry & Associates, FIS, Fiserv, COCC, Finastra and Shazam. The Clearing House is eager to show that it provides services for small banks and credit unions and isn’t just a network for the major banks.”

Tags: Federal Reserve FIS Fiserv Jack Henry & Associates The Clearing House (TCH)

Companies

Fireblocks Launches Digital Asset Payments Engine with FIS Joining as New Network Member

PR Newswire

Fireblocks, an easy-to-use platform to create innovative products on the blockchain and manage day-to-day crypto operations, announced today the public launch of its Payments Engine, a new suite of tools that will enable payment service providers (PSPs) with the ability to provide a blockchain agnostic, end-to-end solution for merchants, entrepreneurs and creators to accept, manage and settle digital asset payment transactions across any geography. Early pilot partner Checkout.com, who was instrumental in supporting the development of the Payments Engine, has facilitated more than $1 billion in digital asset merchant settlements through their solution this year. Today, Fireblocks welcomes FIS, the largest merchant acquirer in the world, into its network of partners using the Payments Engine. FIS and its Worldpay solutions already provide card-to-crypto processing services for 4 of the top 5 cryptocurrency exchanges and was the first global merchant acquirer to offer USDC settlements. Together, the payment services providers collectively serve over a million merchants around the world.

Tags: Fireblocks FIS