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Fidelity National Information Services, Inc. - FIS STOCK NEWS

Welcome to our dedicated page for Fidelity National Information Services news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity National Information Services stock.

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.

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FIS: Worldpay Unveils Revenue Boost Solution to Optimize Ecommerce Payments - Worldpay from FIS has launched Revenue Boost, a turnkey solution powered by machine learning to help merchants process more card-not-present transactions while lowering costs. The solution aims to maximize conversions, minimize costs, and reduce fraud for merchants. Pilot data showed a $6 million approval lift over a 6-month period and a 4% acceptance lift on Black Friday.
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FIS (NYSE: FIS) to Announce Q2 2023 Financial Results on August 2, 2023
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FIS (NYSE: FIS) Receives Three XCelent Awards from Celent for Advanced Technology, Customer Base, and Breadth of Functionality for its Modern Banking Platform, IBS, and Systematics core banking systems, recognizing the cloud-native, componentized architecture and digital-ready hosted universal core system. The awards reflect FIS's success in providing advanced technology, broad customer base, and robust functionality in the financial services industry.
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GTCR, a private equity firm, has signed an agreement to acquire a majority stake in Worldpay, a global provider of payment processing solutions, from FIS. GTCR will acquire 55% of Worldpay, valuing the business at $18.5 billion. Charles Drucker, former CEO of Worldpay, will become CEO of the standalone Worldpay business. GTCR will invest up to $1.25 billion in Worldpay for inorganic growth opportunities. Worldpay and FIS will continue to work together in partnership. Worldpay processes over $2 trillion of transaction volume per year for over one million merchant locations. GTCR aims to accelerate growth through innovation and strategic acquisitions.
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FIS has signed an agreement to sell a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR for $18.5 billion. FIS will retain a 45% ownership interest in a new standalone joint venture. The transaction is expected to maximize shareholder value and provide greater management focus and operational simplification. FIS will use the proceeds to pay down debt, return capital to shareholders, and pursue inorganic growth opportunities. Charles Drucker will become CEO of Worldpay.
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FIS to present at Morgan Stanley conference on June 12th, 2023
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FAQ

What is the current stock price of Fidelity National Information Services (FIS)?

The current stock price of Fidelity National Information Services (FIS) is $81.46 as of December 20, 2024.

What is the market cap of Fidelity National Information Services (FIS)?

The market cap of Fidelity National Information Services (FIS) is approximately 43.1B.

What does Fidelity National Information Services (FIS) do?

FIS provides core processing, payment solutions, risk management, compliance, and outsourcing services to financial institutions and merchants globally.

Who are the clients of FIS?

FIS serves over 20,000 clients including banks, investment firms, and merchants across more than 130 countries.

What is the significance of FIS's acquisition of SunGard?

The acquisition of SunGard in 2015 expanded FIS's services to include record-keeping and other essential services for investment firms.

What happened to Worldpay after FIS's acquisition?

After acquiring Worldpay in 2019, FIS later sold off a majority interest, retaining only a minority stake.

How does FIS contribute to the global economy?

FIS powers commerce and financial transactions worldwide, helping businesses and communities thrive by advancing payment, banking, and investment processes.

What are the latest advancements by FIS?

Recent advancements by FIS include digital payment innovations and enhanced security measures to ensure seamless and secure financial transactions.

Where can I find more information about FIS?

More information about FIS can be found on their official website at http://www.fisglobal.com.

What is the financial condition of FIS?

FIS maintains a robust financial condition supported by strategic partnerships and a diversified product portfolio.

What are the current projects of FIS?

Current projects at FIS focus on improving transaction efficiency, enhancing customer experience, and expanding their global footprint.

How extensive is FIS's global reach?

FIS operates in over 130 countries, serving more than 20,000 clients and over one million merchant locations.

Fidelity National Information Services, Inc.

NYSE:FIS

FIS Rankings

FIS Stock Data

43.14B
537.79M
0.11%
97.94%
2.37%
Information Technology Services
Services-business Services, Nec
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United States of America
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