Archives

July 9, 2023 @ 12:58 pm By Omar Faridi  |  

FIS (NYSE: FIS), which claims to be a global leader in financial services technology, announced an acceleration of its previously announced separation plan in order “to create two highly focused global companies with greater strategic flexibility.” FIS has signed a definitive agreement “to sell a… Read More

May 17, 2023 @ 8:27 am By Omar Faridi  |  

Standard Chartered (LON: STAN) and one of the “largest” merchant acquirers, Worldpay from FIS, have announced a strategic partnership “to expand the market coverage of, and enable new capabilities on, Straight2Bank Pay, the Bank’s one-stop digital collections gateway for merchants.” This global partnership is considered… Read More

April 27, 2023 @ 5:57 pm By Omar Faridi  |  

Continuing to build its footprint as a leading global acquirer, global financial technology firm FIS (NYSE: FIS) has announced its Worldpay merchant business will be “expanding its payment processing capabilities into the United Arab Emirates (UAE) this year.” Worldpay has “secured a category II payment… Read More

February 13, 2023 @ 11:35 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global player in financial services technology, announced plans “to pursue a tax-free spin-off of its Merchant Solutions business to strengthen its strategic and operational focus, capitalize on growth opportunities and unlock shareholder value.” The two companies “expect to maintain a strong commercial… Read More

February 11, 2023 @ 10:13 am By Omar Faridi  |  

Banking and payments conglomerate Fidelity National Information Services Inc (NYSE: FIS) is reportedly planning to break up its operations, which will involve undoing a $43 billion acquisition it finalized a few years back. This, according to sources familiar with the matter (and cited by Reuters)…. Read More

February 4, 2023 @ 7:16 pm By Omar Faridi  |  

Proxymity, the digital investor communication platform, today announced its collaboration with FIS® to launch FIS Proxy Voting by Proxymity. The digital proxy voting service “connects issuers, intermediaries, and investors ensuring that investor communications are delivered in real-time.” Rapidly increasing cost pressures amidst “an unpredictable economic… Read More

December 16, 2022 @ 8:37 pm By Omar Faridi  |  

FIS (NYSE: FIS), which claims to be a global leader in financial services technology, announced that its incoming Chief Executive Officer and Board of Directors have initiated a comprehensive “assessment of the company’s strategy, businesses, operations and structure with the goal of positioning the Company… Read More

October 19, 2022 @ 3:43 pm By Omar Faridi  |  

FIS (NYSE:FIS), which claims to be a global leader in financial services technology, announced today the appointment of Stephanie L. Ferris “as President and Chief Executive Officer.” In addition to her current role as President, Ferris will “take over as CEO from Gary A. Norcross, who… Read More

September 14, 2022 @ 9:51 am By Omar Faridi  |  

Financial technology provider FIS (NYSE: FIS) announced that it is streamlining the way small-to-medium-sized businesses (SMBs) gain access to embedded payments and finance solutions “through software providers with the launch of Worldpay for Platforms.” This new software-as-a-service (SaaS) solution “combines the power of the global… Read More

August 29, 2022 @ 5:02 pm By JD Alois  |  

Earlier this month, FIS (NYSE:FIS) and the Venture Center in Little Rock, Arkansas, announced the ten new firms joining the 2022 FIS Fintech Accelerator class. The FIS Accelerator is described as a key aspect of FIS Impact Ventures – the VC arm of FIS. The… Read More

August 13, 2022 @ 12:59 pm By Omar Faridi  |  

ANZ Bank New Zealand Ltd has selected financial technology platform FIS (NYSE: FIS) to enhance its core banking capabilities. ANZ New Zealand will be “the first bank outside the U.S. to utilize FIS’ Modern Banking Platform, which is deployed on Microsoft Azure.” FIS’ Modern Banking… Read More

July 27, 2022 @ 10:47 pm By Omar Faridi  |  

Financial technology firm FIS (NYSE: FIS) is continuing to broaden its global merchant services footprint, announcing that its Worldpay from FIS merchant solutions are available in the fast0growing South Korean markets. Worldpay from FIS has teamed up with Seoul’s TossPayments, which is a South Korea… Read More

April 19, 2022 @ 4:07 pm By Omar Faridi  |  

Financial technology provider FIS (NYSE: FIS) has announced its Banking-as-a-Service Hub, enabling banking institutions, credit unions, and Fintechs to build the virtual banking and payments ecosystems they require to provide innovation to merchants and consumers. The FIS Banking-as-a-Service Hub offers a complete suite of banking… Read More

February 16, 2022 @ 5:11 pm By JD Alois  |  

FIS (NYSE: FIS) has announced a partnership with Crypto.com. FIS is a provider of tech solutions for merchants, banks, and capital markets firms globally. Crypto.com will use Worldpay from FIS as a blockchain validator, utilizing FIS’s payment gateway and global acquiring services to support continued global… Read More

February 15, 2022 @ 10:37 pm By Omar Faridi  |  

Financial technology firm FIS (NYSE: FIS) announces that it has enhanced its embedded payments strategy with the acquisition of Atlanta’s Payrix. This acquisition aligns with FIS’ strategy to expand its digital commerce offerings to firms of all sizes, and in any industry, by “embedding payments… Read More

December 24, 2021 @ 11:23 am By JD Alois  |  

By now everyone is aware there is a significant migration taking place. High tax, less business-friendly states are losing out to low tax, business welcoming states and the transition is ongoing. While there are multiple states benefiting from individuals and firms exiting California, New York,… Read More

July 2, 2021 @ 8:08 am By Omar Faridi  |  

BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), is partnering with financial solutions provider FIS (NYSE: FIS). Through the partnership, BNP Paribas will be extending support… Read More

June 3, 2021 @ 10:20 am By Omar Faridi  |  

Financial technology leader FIS (NYSE:FIS) and The Venture Center have unveiled the 10 firms chosen to participate in the 2021 FIS Fintech Accelerator program. As mentioned in an update shared with CI: “In its sixth year, the FIS Fintech Accelerator program is focused on identifying… Read More

May 21, 2021 @ 9:15 pm By Samantha Hurst  |  

CEX.IO, a global cryptocurrency exchange based in the UK, announced earlier this week it has selected FIS (NYSE:FIS) to provide card management and processing services for a new line of crypto-based consumer debit cards across Europe. Established in 2013, CEX.IO states it providers reliable services backed… Read More

June 3, 2020 @ 12:49 pm By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday the launch of Worldpay’s Fraud Freedom, a new chargeback indemnification service designed for cryptocurrency brokers and exchanges.  According to FIS, Fraud Freedom service helps crypto brokers and exchanges optimize payment conversion, and authorization rates… Read More