Tagged: fis

Two-Thirds or 68% of Indian Consumers are Now Using Digital or Mobile Banking Platforms to Settle Transactions, Instead of Cash: Report

Over two-thirds or 68% of Indian consumers are currently using digital or mobile banking platforms to settle transactions, according to a new report. The use of online banking services and contactless payments has increased significantly due to the COVID-19 crisis – which had led to… Read More

FIS Introduces Chargeback Indemnification Service For Cryptocurency Brokers & Exchanges “Fraud Freedom”

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

Digital Transformation: Only 40% of Consumers Expect to Visit Physical Bank Branches After COVID-19, a Survey by Fintech Novantas Reveals

The month of April 2020 saw a dramatic 200% surge in the number of new mobile banking registrations, meanwhile, mobile banking traffic increased by 85%, according to data from Fidelity National Information Services (FIS). The significant increase in mobile-based transactions may be attributed to the… Read More

FIS Announces Digital Issuance Solution Now Allows Financial Institutions to Provide Newly Approved Applicants With Immediate Access to New Credit & Debit Accounts Through Mobile

FIS (NYSE: FIS), a financial services technology firm, announced on Monday that FIS Digital Issuance, a solution that allows financial institutions to provide newly approved applicants with immediate mobile access to their credit and debit accounts. According to FIS, Avidia Bank is the first financial… Read More

Neobank Startup Bambu Teams Up With FIS Platform to Bring Mobile-App Banking Services For Unbanked Consumers

FIS (NYSE: FIS), a financial services technology firm, announced on Thursday it has joined forces with neobanking group Bambu to power a new digital solution for the U.S. unbanked and underbanked. According to FIS, Bambu has created the solution to provide banking for underbanked Hispanics… Read More

Fintech Solution Provider FIS’ VC Division to Invest $150 Million in High-Potential Financial Tech Companies

FIS (NYSE:FIS), a financial services technology provider, revealed on April 28, 2020 that its newly formed corporate venture investment division, FIS Ventures, has introduced an initiative that will aim to invest $150 million in high-potential Fintech firms in the coming years. FIS is a publicly-traded… Read More

FIS Announces Extension of PayPal Partnership to Enable U.S. Cardholers to Redeem Loyalty Points for Purchases

FIS (NYSE: FIS), a financial services technology firm, announced on Thursday it is extending its partnership with payments platform giant PayPal to enable millions of cardholders of U.S. financial institutions to participate in PayPal’s Pay with Rewards. FIS reported beginning in the third quarter of… Read More

FIS Partners With Liberis to Allow “Working Capital” Platform to Provide U.S. Small Businesses With Alternative Funding Solutions

FIS (NYSE: FIS), a financial services technology firm, announced on Wednesday it is teaming with Liberis, a UK-based fintech that provides alternative funding for small businesses, to launch Working Capital to provide alternative funding solutions for U.S. small businesses. FIS reported that through its Working… Read More

FIS Announces Payment Processing Expansion in Africa

FIS (NYSE: FIS), a financial services technology firm, announced on Friday it has expanded its payment processing in Africa. Through the expansion efforts, FIS will integrate technology from Flutterwave, a U.S.-based payments technology company with operations in Africa, into its Worldpay payment processing platform for… Read More

FIS Opens Applications For 2020 Fintech Accelerator Program

Fintech

FIS (NYSE: FIS), a financial services technology firm, announced on Tuesday it has opened applications for the 2020 FIS Fintech Accelerator. According to FIS, the FIS Fintech Accelerator program is conducted in collaboration with the State of Arkansas and Little Rock-based The Venture Center. It… Read More

WorldPay Announces Agreement with JCB to Allow Japanese Businesses to Accept Payments By JCB Cards

FIS (NYSE: FIS) announced on Thursday it has entered into an agreement with JCB, a global payment network. Through the agreement, FIS’ global e-commerce platform, WorldPay, will allow businesses that are operating in Japan to accept payments by JCB cards and will now provide an… Read More

FIS Completes Acquisition of WorldPay

FIS (NYSE: FIS), a financial services technology firm, announced on Wednesday it has completed the acquisition of WorldPay, a global payment technology provider. FIS notably acquired WorldPay for $35 million. As previously reported, WorldPay claims to be a “global leader” in payments processing technology and… Read More

FIS Announces Ten Startups Selected for Fourth Fintech Accelerator Program

FIS (NYSE: FIS), a financial services technology firm, announced on Thursday the ten portfolio companies that were selected to participate in the fourth annual FIS Fintech Accelerator program. According to FIS, the companies will participate in a rigorous 12-week program designed to accelerate the development… Read More

FIS Acquires WorldPay For $35 Billion

Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Monday it has been acquired by FIS (NYSE: FIS), a financial services technology firm. FIS reportedly purchased the payment processor for $35 billion. Founded in 1993, WorldPay claims to be a “global leader” in payments… Read More

FIS Opens Applications for 2019 FinTech Accelerator

Fintech

FIS (NYSE: FIS), a financial services technology firm, in collaboration with the State of Arkansas and Little Rock-based The Venture Center, announced on Tuesday applications are open for the 2019 FIS FinTech Accelerator program. FIS reported that now in its fourth year, the FIS FinTech… Read More

FIS & The Venture Center Announces Ten Startups Selected For 2018 VC Fintech Accelerator Program

Fintech firm FIS, along with The Venture Center, announced on Thursday the ten startups that were selected for the 2018 Fintech Accelerator Program. The program, which is sponsored by FIS and the State of Arkansas, is focused on identifying and accelerating the development of early-stage fintech… Read More

Customers Bank Becomes Latest Financial Institutions to Implement Modern Core Banking Platform For FIS

Fintech

FIS (NYSE:FIS), a financial services and payment technology firm, announced last week Customers Bank is one of the latest community-based financial institutions to implement its modern core banking platform. According to FIS, the new core banking platform provides a more intuitive and easy-to-navigate user interface, integrated digital… Read More

FIS & State of Arkansas Sponsored 2018 VC FinTech Accelerator Opens Applications

Fintech company FIS (NYSE: FIS), in collaboration with the state of Arkansas and Little Rock-based The Venture Center (VC), announced on Wednesday that applications are open for the 2018 VC FinTech Accelerator program. According to FIS, the VC FinTech Accelerator is heading into its third year and… Read More

FIS-Powered VC Fintech Accelerator Concludes: Two International & Eight U.S. Teams Presents Solutions to More Than 350 Investors

The Venture Center announced on Tuesday that two international and eight U.S. teams completed the VC FinTech Accelerator Empowered by FIS last week and presented their solutions to more than 350 investors, which included banking and financial services executives from across the U.So at VC… Read More

FIS & The Venture Center Selects Ten Startup Companies For Global Fintech Accelerator Program

On Thursday, fintech firm FIS (NYSE: FIS), with The Venture Center, announced ten startups have been selected to participate in the 2017 VC FinTech Accelerator program. The selected companies will notably participate in a 12-week program that is designed to accelerate the development of their… Read More

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