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February 14, 2024

On the wires

December 12, 2023

On the web

July 25, 2023

On the wires

July 10, 2023

On the wires

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.

July 6, 2023

On the wires

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."

June 9, 2023

On the web

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."

March 23, 2023

On the wires

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."

December 15, 2022

On the web

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.”

November 28, 2022

On the web

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.”

October 25, 2022

On the web

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.

August 25, 2022

On the web

FIS to Modernize Real-Time Payments Infrastructure and Central Bank Digital Currencies for Countries Around the World

Businesswire

“With real-time payments increasing, many countries must either modernize outdated payments infrastructure or build entirely new real-time payments networks to move money faster. In response, FIS® has launched its new central infrastructure payment solution, RealNet™ Central, to help central banks transform their markets to digital-first, real-time payment economies…As this shift occurs, RealNet™ Central will accelerate real-time payments adoption by connecting a country’s businesses, consumers, financial institutions and government entities to real-time networks, both domestically and internationally. FIS will also help central banks launch Central Bank Digital Currencies (CBDC). Through FIS’ CBDC Virtual Lab – created in collaboration with M10 Networks (M10) and its high-performance digital money platform – FIS will support countries’ efforts to integrate CBDCs into their economy.”

June 29, 2022

On the web

FIS Increases Approval Rates and Decreases eCommerce Fraud Liability for Merchants with Guaranteed Payments

Business Wire

“Financial technology leader FIS® announced today the launch of its Guaranteed Payments solution, becoming the only payments processor to offer a fully integrated solution designed to guarantee merchants increased eCommerce transaction approval rates and eliminate the financial liability of chargebacks due to fraudulent purchases. According to a recent survey, 9 out of 10 merchants lost revenue through payment fraud in the last year.1 Fraud accounts for about 1 percent of online transactions, yet merchants routinely reject as much as 9 percent of orders to avoid fraud2 totaling $443 billion3 in lost revenue.”

May 13, 2022

On the wires

FIS Helps Small and Mid-Sized Financial Institutions Digitally Transform Through New Embedded Finance Capabilities in Partnership with Treasury Prime

Businesswire

“The global economy’s digital transformation is accelerating, and community and regional banks are seeking ways to offer the most advanced digital capabilities and open new channels for distribution. To help these financial institutions meet the growing need for digitally-native banking experiences and grow their client base, FIS® has announced a new embedded finance offering developed in partnership with Treasury Prime…The first financial institution to tap into FIS’ embedded finance services is Grasshopper, a leading-edge, digital commercial bank. Grasshopper partnered with HUMBL, a Web 3 blockchain company with both consumer and commercial divisions, to utilize their bank services, powered by FIS and Treasury Prime, across its user base.”

March 18, 2019

Top Post

FIS Is Buying Worldpay for $43 Billion to Form Payments Giant

CNN

“The new entity, which will have annual revenue of more than $12 billion, will be better placed to serve the world’s growing e-commerce industry, the two US companies said in a statement Monday. FIS is offering Worldpay shareholders a mix of cash and stock to make the deal happen. It will assume Worldpay’s debt as part of the agreement that values the company at $43 billion. FIS shareholders will end up holding 53% of the merged company, while Worldpay shareholders will own the remaining 47%. The deal is expected to close later this year. “Scale matters in our rapidly changing industry,” FIS CEO Gary Norcross said in the statement. “Our two powerhouse organizations will combine forces to offer a customer-driven combination of scale, global presence and the industry’s broadest range of global financial solutions.””

June 26, 2018

On the wires

FIS Technology Speeds Testing And Certification Process For RTP, New Real-Time Payments System From The Clearing House

Business Wire

“Financial institutions and payment firms looking to connect to RTP can use the tool to test their readiness to complete RTP certification. They are required to run a variety of simulated tests prior to being certified on the RTP system. New software from FIS will automate the process, allowing participants to run the required tests and complete the precertification and certification process more quickly and efficiently…The new agreement builds and expands on existing work between FIS and TCH to bring the benefits of real-time payment clearing and settlement to U.S. financial institutions. FIS offers innovative technology designed to help U.S. financial institutions accelerate the path to real-time payments.

April 19, 2018

On the wires

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