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 International, a buyouts firm, were vying to pick up a majority stake in Worldpay, the merchant services business of FIS. “This transaction...
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 more than $15 billion. It would also mark a reversal of FIS’ previously reported plan to spin off Worldpay, the...
Online merchants have long used PayPal and Venmo to drive checkouts. But in the current macro environment, for smaller online sellers to move beyond the “small to mid-sized” designation — in other words, boost top lines — they need to give customers more payment choices. ...
Charles Zhu, vice president of product at Enigma, told PYMNTS that the pressure is on independent sales organizations (ISO) to reinvent themselves. And in doing so, they won’t just survive amid the great digital shift and growing competition from platforms and Big Tech. They can...
April 04, 2023
Online merchants have long used PayPal and Venmo to drive checkouts. But in the current macro environment, for smaller online sellers to move beyond the “small to mid-sized” designation — in other words, boost top lines — they need to give customers more payment choices. And, amid the day-to-day challenges of grappling with inflation and […]
March 22, 2023
Charles Zhu, vice president of product at Enigma, told PYMNTS that the pressure is on independent sales organizations (ISO) to reinvent themselves. And in doing so, they won’t just survive...
October 22, 2019
This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with...
July 01, 2019
The megamergers of 2019 have been reshaping the payments industry. For merchant services, especially, the chessboard looks much different. Daniela Mielke, CEO of RS2 North America, weighs in on why, for...
July 20, 2023
Worldline has launched an end-to-end solution to provide an enhanced, seamless and secure payment experience for mobility operators and their customers. The new Mobility Payments Suite offers a wide range of experiential enhancements designed to meet any customer’s payment needs, the payment service provider said in a Wednesday (July 19) press release. “With our Mobility Payments Suite, we are […]
July 06, 2023
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 International, a buyouts firm, were vying...
July 02, 2023
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 more than $15 billion. It...
March 15, 2023
Shopify is building an “elastic warehouse capacity” that’s more flexible than that of Amazon. As Shopify continues to integrate Deliverr — the eCommerce fulfillment and order storage provider it acquired for $2.1 billion last year...
