PYMNTS-MonitorEdge-May-2024

FIS

Fidelity National Information Services, Inc. is an international provider of financial services technology and outsourcing services. Headquartered in Jacksonville, Florida, FIS employs 52,000 people worldwide. FIS provides payment processing and banking software, services and outsourcing of the associated technology.

Source: en.wikipedia.org

FIS Sells Worldpay Stake to GTCR For $18.5 Billion
FIS Sells Worldpay Stake to GTCR For $18.5 Billion
July 06, 2023  |  Acquisitions

FIS is selling its majority stake in Worldpay to private equity group GTCR for $18.5 billion. The payments company announced the sale Thursday (July 6), days after reports that GTCR and Advent...

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Report: GTCR Close to Buying Majority Stake in Worldpay
Report: GTCR Close to Buying Majority Stake in Worldpay
July 04, 2023  |  Acquisitions

GTCR is reportedly in advanced discussions to purchase a majority of FIS’ merchant business. The offer by the Chicago-based private equity group would value the payments...

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FIS Could Sell Majority Stake of Worldpay in $15 Billion Deal
FIS Could Sell Majority Stake of Worldpay in $15 Billion Deal
July 02, 2023  |  Acquisitions

FIS is reportedly considering selling a majority stake in Worldpay to private equity groups. The deal, as reported Friday (June 30) by the Financial Times (FT), would worth...

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Finding The Digital Economy’s Product Market FIT
Finding The Digital Economy’s Product Market FIT
June 12, 2023  |  Connected Economy

I was recently asked for my advice on a new B2B network aimed at solving a big problem for a segment of small business sellers....

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Report: FIS Acquires Bond Financial Technologies to Grow Embedded Finance
Report: FIS Acquires Bond Financial Technologies to Grow Embedded Finance
June 09, 2023  |  Acquisitions

FinTech giant FIS has reportedly acquired embedded finance startup Bond Financial Technologies. TechCrunch reported Friday (June 9) that unnamed sources confirmed the acquisition after Fintech Business Weekly’s Jason Mikula broke...

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Worldpay and Affirm Team to Let Shoppers Buy Now, Pay Later
Worldpay and Affirm Team to Let Shoppers Buy Now, Pay Later
May 31, 2023  |  BNPL

Worldpay has launched a partnership with buy now, pay later (BNPL) provider Affirm. The multi-year collaboration, announced Wednesday (May 31) makes Affirm’s Adaptive Checkout offering...

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User Experience Data Leading Indicator of Customer Attrition
User Experience Data Leading Indicator of Customer Attrition
May 04, 2023  |  Data

PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus...

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Albertsons Goes After Consumers’ Health Benefits Spending with New Partnerships
Albertsons Goes After Consumers’ Health Benefits Spending with New Partnerships
March 31, 2023  |  Connected Economy

Albertsons Companies has set its sight on an untapped pool of funds — consumers’ health benefits. The grocery giant, which has more than 2,200 stores across...

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Will FedNow’s July Launch Ignite Real-Time Payments in the US?
Will FedNow’s July Launch Ignite Real-Time Payments in the US?
March 17, 2023  |  Faster Payments

The Federal Reserve’s FedNow real-time rail debut is imminent. Financial institutions (FIs) including banks and credit unions have been using services from Zelle to rails...

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