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Fidelity National Information Services, Inc. (FIS) is a global leader at the heart of commerce and financial transactions, powering the world's economy. With a mission to advance the way the world pays, banks, and invests, FIS serves over 20,000 clients and more than one million merchant locations across 130 countries.
FIS offers a comprehensive suite of solutions that span across core processing, payments, risk management, compliance, and outsourcing services. Its clientele includes banks, investment firms, and merchants. By acquiring SunGard in 2015, FIS expanded its capabilities to include record-keeping and other essential services for investment firms. The 2019 acquisition of Worldpay marked FIS's significant entry into the payment processing market, securing leading positions in both the United States and the United Kingdom.
Though FIS has since sold a majority interest in Worldpay, retaining only a minority stake, the company continues to innovate and adapt. Recent achievements include advancements in digital payments and enhanced security measures, enabling seamless and secure financial transactions.
FIS's financial condition remains robust, supported by strategic partnerships and a diversified portfolio of products. Their ongoing projects focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint. For more information, visit FIS Global.
FIS has announced that its Worldpay business will be the first global merchant acquirer to offer merchants the ability to receive settlements in USD Coin (USDC), a rapidly growing digital currency. This move aims to facilitate both crypto-native and traditional businesses in adopting digital assets, allowing them to manage stablecoins efficiently. Crypto.com will be a pilot merchant for this initiative. As of April 2022, USDC has over $51 billion in circulation, highlighting its appeal in the market.
FIS, a leader in financial services technology, will release its first quarter 2022 financial results on May 3, 2022, before market open. A live webcast of the earnings conference call will start at 8:30 a.m. (EDT). Investors can access the webcast through the Investor Relations section of FIS' website. FIS is recognized for its comprehensive technology solutions for merchants and banks, and it ranks #241 on the 2021 Fortune 500 list.
FIS has enhanced its Digital One platform with the launch of Spending Insights, a key addition to its Financial Wellness Suite. This AI-powered tool offers personalized insights into financial activity and is already utilized by over 85 banks, including Union Savings Bank. The upgrades aim to help community banks compete effectively in a rapidly digitalizing financial landscape. FIS emphasizes accessibility and ease of integration, allowing banks to deliver advanced online banking experiences without the need for extensive developer resources.
FIS, a global leader in financial services technology, is set to present at the BofA Electronic Payments Symposium on March 21, 2022, at 8:15 a.m. (EDT). The presentation will be accessible via a live audio webcast in the Investor Relations section of FIS' website. Headquartered in Jacksonville, Florida, FIS ranks #241 on the 2021 Fortune 500 and is part of the S&P 500 Index. The company focuses on providing innovative technology solutions to merchants, banks, and capital markets globally, helping clients solve critical business challenges.
FIS is accepting applications for the 2022 FIS Fintech Accelerator, aimed at boosting fintech startups and growth-stage companies. The program, in collaboration with The Venture Center and the State of Arkansas, will select ten companies to showcase their innovations to over 100 financial institutions. The application deadline is April 15, with the program commencing on June 29 and culminating in pitches at the Demo Day on October 26. Past participants have raised significant capital and formed valuable partnerships.
FIS, a leader in financial services technology, announced its participation at the Wolfe Research FinTech Forum on March 9, 2022, at 8:25 a.m. (EST). The event will include a live audio webcast, with a replay available on FIS’ Investor Relations page at www.fisglobal.com. The company, based in Jacksonville, Florida, ranks #241 on the 2021 Fortune 500 and is part of the Standard & Poor’s 500® Index. FIS specializes in technology solutions for merchants, banks, and capital markets globally.
FIS announces a partnership between Worldpay and Shyft Network to help merchants comply with evolving cryptocurrency regulations. This collaboration will utilize Shyft's Veriscope solution to address the FATF Travel Rule, which aims to combat money laundering in crypto. Worldpay, a leader in Card-to-Crypto processing, serves four of the top five cryptocurrency exchanges and aims to enhance compliance and security within the digital asset ecosystem.
FIS reported strong Q4 and full-year 2021 results, with revenue growing by 11% to $3.7 billion and GAAP Diluted EPS at $0.47. Adjusted EPS increased by 19% to $1.92. For the full year, revenue reached $13.9 billion, and Adjusted EPS rose by 20% to $6.55. The acquisition of Payrix aims to enhance eCommerce offerings, particularly for SMBs. The company also announced guidance for Q1 and full-year 2022, targeting revenue of $3.42-$3.45 billion and Adjusted EPS of $7.25-$7.37. Increased liquidity and planned dividend growth were also highlighted.
FIS has acquired Payrix, a fintech firm specializing in embedded payments, to enhance its e-commerce offerings for small- and medium-sized businesses (SMBs). Founded in 2015, Payrix's expertise in automated underwriting and onboarding will be combined with FIS's global payment capabilities to facilitate market expansion and improve financial services. While the terms of the deal remain undisclosed, FIS anticipates no material impact on its upcoming financial results.
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