Fidelity National Information Services, Inc. - FIS STOCK NEWS

FIS received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase 1 million shares at $118.25 each, which is 4.43% below FIS's closing price of $123.44 on September 17, 2021. FIS does not endorse this offer, urging shareholders to exercise caution and consult their financial advisors. The offer is also contingent on TRC securing financing. Shareholders are encouraged to withdraw any shares tendered before the offer's expiration on October 19, 2021.

FIS has partnered with GOL Linhas Aéreas, Brazil's leading domestic airline, to provide payment services across 38 countries. This collaboration aims to enhance the customer experience, streamline operations, and cut costs as travel restrictions ease post-Covid-19. GOL expects improvements in sales conversion for international markets and faster payment processing from Worldpay. The partnership supports GOL's growth strategy by centralizing transactions and improving working capital management.

FIS has been recognized as a category leader in energy trading and risk management solutions by Chartis Research. The report highlights FIS for its best-in-class offerings in risk and asset class coverage, regulatory reporting, and contract management. With growing demand for advanced technology in volatile energy markets, FIS' solutions are noted for their comprehensive coverage of asset classes and risk capabilities. This marks FIS' sixth consecutive year ranking first in the Chartis RiskTech100.

FIS has appointed former COO and Worldpay CFO, Stephanie Ferris, to its executive leadership team. She rejoined FIS on September 2, 2021, as Chief Administrative Officer.

Ferris brings over 15 years of fintech and payments experience, focusing on strategy execution and technology. Her previous roles include spearheading the global integration of FIS and Worldpay, driving both cost and revenue synergies.

CEO Gary Norcross expressed confidence in Ferris's capabilities to enhance client and shareholder value.

FIS Fintech Accelerator concluded its sixth year with a successful Demo Day showcasing ten growth-stage fintech companies. Long Game and Tax Status were recognized with awards for their innovative solutions. Governor Asa Hutchinson and FIS CEO Gary Norcross announced an extension of the program for 2022. The initiative, in collaboration with the Venture Center, aims to nurture technologies in banking and payments. Notably, 30% of participating firms were women-owned, emphasizing diversity within the fintech space.

FIS (NYSE: FIS) announced the winners of the 2021 FIS Impact Awards, which recognize organizations leveraging FIS technology to enhance customer service and drive business results. Winners include Baker Boyer National Bank, Boost Payment Solutions, CDK Global, NRW.BANK, Quontic Bank, and Walgreens. Each winner will receive a $10,000 donation to a charity of their choice from the FIS Foundation. This initiative highlights FIS's commitment to innovation and community support, showcasing how technology improves efficiency and customer satisfaction across various sectors.

FIS has opened its annual InnovateIN48 innovation program to U.S. college students, expanding participation beyond its employees. Scheduled for August 27-29, 2021, the inaugural InnovateIN48-Student Edition invites students to develop fintech solutions aimed at enhancing financial inclusion. Registration is currently open for all U.S. college students. Winners will receive prizes, and opportunities for internships and full-time roles at FIS. This initiative aims to bridge the digital gap for underbanked populations, showcasing FIS's commitment to fostering talent in the fintech sector.

FIS reported strong second quarter 2021 results with revenue increasing 17% year-over-year to approximately $3.5 billion, exceeding $500 million. Organic revenue growth reached 16%, with adjusted net earnings up 40% to $1 billion. All operating segments saw growth: Merchant Solutions surged 45%, Banking 8%, and Capital Markets 6%. Notably, FIS raised its revenue synergy target for 2021 to $700 million, driven by solid execution from the Worldpay acquisition. As of June 30, 2021, net cash provided from operations was $1 billion, with dividends of $242 million paid and share repurchases of 2.7 million shares.