Fidelity Natl Information Svcs - FIS STOCK NEWS

Worldpay from FIS has expanded its partnership with Chargebacks911 to introduce enhanced Disputes Deflector products aimed at reducing chargebacks and fraud for merchants. With 65% of merchants facing increased chargeback fraud in 2022, this initiative addresses a critical issue in the fintech landscape. The Disputes Deflector suite offers five products that integrate best-in-class solutions and streamline dispute management. This move reflects a shift towards automated processes in response to evolving merchant needs and consumer behaviors.

FIS has expanded its Worldpay merchant solutions into South Korea, tapping into a projected eCommerce market growth from $121 billion in 2021 to $243 billion by 2025.

This strategic move, via a partnership with TossPayments, aims to enhance domestic acquiring capabilities for global merchants, offering vital payment services and insights. As digital wallet usage grows, predicted to comprise a third of eCommerce spending by 2025, FIS positions itself to support merchants' seamless integration into this lucrative market.

FIS announced a quarterly dividend of $0.47 per common share, payable on Sept. 30, 2022, to shareholders of record by Sept. 16, 2022. This dividend payout reflects FIS's commitment to delivering shareholder value. As a leading provider of financial services technology, FIS serves institutions globally, helping to advance commerce through innovative solutions. The company continues to be a key player in the financial tech sector, listed in the Fortune 500 and S&P 500 indices.

FIS has expanded its wealth management solutions by introducing self-invested personal pension (SIPP) servicing in the U.K.. This initiative, in partnership with Quai Digital, aims to support wealth managers by enhancing their operational capabilities. The new service leverages FIS's wealth management technology to reduce operational costs while providing tailored solutions for clients. With the U.K. market holding £1.3 trillion in assets under management, this expansion positions FIS for greater influence in the competitive wealth management sector.

FIS (NYSE: FIS), a leader in financial services technology, announced the pricing of its senior notes offering totaling $2.5 billion. The offering includes:

• $750 million 4.500% notes due 2025;
• $500 million 4.700% notes due 2027;
• $750 million 5.100% notes due 2032;
• $500 million 5.625% notes due 2052.

FIS, a leader in financial services technology, will announce its second quarter 2022 financial results on August 4, 2022, prior to market open. A live webcast of the earnings conference call is set for 8:30 a.m. EDT on the same day. FIS provides technology solutions for financial institutions and businesses globally, impacting commerce through innovative financial technology. The company is a member of the Fortune 500 and S&P 500, emphasizing its significant market position.

FIS (NYSE: FIS) plans a multi-tranche offering of senior notes in U.S. dollars to repay commercial paper debt and for general corporate purposes. This offering is contingent on market conditions and will be managed by J.P. Morgan Securities, BofA Securities, MUFG Securities, and Wells Fargo Securities. The offering is conducted under an effective shelf registration statement filed with the SEC as of June 21, 2022. The press release clarifies that it does not constitute an offer to sell or solicit offers to buy any securities.

FIS has launched its Guaranteed Payments solution, becoming the first payments processor to provide a fully integrated service aimed at increasing eCommerce transaction approval rates while eliminating the financial liability of chargebacks from fraud. This solution addresses the rising eCommerce fraud, which has cost merchants significantly. According to a survey, 90% of merchants faced revenue loss due to payment fraud, leading to an estimated $443 billion loss in revenue. The global eCommerce market is predicted to grow 50% by 2024, underscoring the importance of this innovative solution.

On June 14, 2022, FIS will present at the 2022 RBC Capital Markets Financial Technology Conference at 3:30 p.m. EDT. Investors can access a live audio webcast of the presentation in the Investor Relations section of FIS's website. The company is a global leader in financial services technology, empowering businesses of all sizes. With a mission to enhance how the world pays, banks, and invests, FIS delivers innovative solutions to meet critical challenges in the financial sector.