Fidelity Natl Information Svcs Stock Price, News & Analysis

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.

FIS announced that Societe Generale has selected its Cleared Derivatives Suite for the transformation of its derivatives clearing back-office system. This extended agreement aims to modernize Societe Generale's trade clearing and settlement technology, enhancing operational efficiency and reducing risks. The suite will be integrated with existing infrastructure, supporting end-to-end post-trade derivatives processing. This partnership is seen as a significant investment in the long-term growth of Societe Generale's Prime Services business.

Zayo Group Holdings has appointed Lisa Hook to its board of directors. Hook, a former President and CEO of Neustar, brings extensive experience in cloud infrastructure, telecommunications, and digital marketing. During her eight years at Neustar, she held key leadership positions, including on its board since 2010. Currently, she serves on the boards of Fidelity National Information Services (FIS), Philip Morris International (PM), and Ritchie Brothers Holdings (RBA). Hook aims to enhance Zayo's growth in the rapidly evolving communication infrastructure landscape.

FIS launched its new metastore at the annual client event, FIS Emerald 2022, showcasing hands-on experiences in the metaverse. This initiative highlights FIS' commitment to bridging physical and digital transactions, particularly through cryptocurrency exchanges and payment technologies. Attendees could purchase physical items and limited non-fungible tokens (NFTs) using Worldpay solutions. FIS aims to enhance customer experience and support businesses in adapting to the emerging digital landscape.

FIS has launched a new embedded finance offering in partnership with Treasury Prime, utilizing APIs to enhance digital banking capabilities for financial institutions. This service is designed for small and mid-sized banks and fintechs, enabling them to create new revenue streams and improve digital processes like deposits and accounts payables. The first client to implement these services is Grasshopper, a digital commercial bank, which plans to leverage these capabilities for better serving fintechs and small businesses.

FIS (NYSE: FIS), a leader in financial services technology, will present at two key industry events: MoffettNathanson's 4th Annual Payments, Processors and IT Services Summit on May 11, 2022, at 4:00 p.m. EDT, and Barclays Emerging Payments and Fintech Forum on May 17, 2022, at 10:00 a.m. EDT. A live audio webcast and replay will be available on FIS' Investor Relations page at www.fisglobal.com.

FIS provides technology solutions globally, enabling efficient financial transactions across various sectors.