FIS

FIS, formally Fidelity National Information Services, Inc., is a United States-based financial-technology company whose platforms support the operational infrastructure of banks, payment institutions, capital-markets firms, corporations, and card issuers. Rather than operating primarily as a consumer-facing financial institution, FIS supplies the software, processing networks, hosted services, data capabilities, and professional services that allow financial organizations to run accounts, move money, issue cards, manage risk, administer investments, and connect with customers through digital channels. The company traces its origins to Systematics, a financial-software business founded in Little Rock in 1968. Systematics later became part of ALLTEL Information Services. In 2003, Fidelity National Financial acquired the financial-services technology division of ALLTEL and renamed it Fidelity Information Services. The FIS identity subsequently became the principal brand for a consolidating portfolio of financial-technology businesses. Acquisitions of Certegy in 2006, eFunds in 2007, and Metavante in 2009 expanded the company’s banking, payments, electronic-benefits, and data-processing capabilities and helped transform FIS into a large-scale global technology provider. FIS broadened its reach beyond traditional retail-banking technology through the 2015 acquisition of SunGard. That transaction added software and services used by asset managers, investment firms, custodians, treasurers, lenders, clearing organizations, and other capital-markets participants. In 2019, FIS acquired Worldpay, significantly increasing its exposure to merchant acquiring, e-commerce payments, and international payment acceptance. The Worldpay transaction made FIS one of the largest companies in global payment processing and temporarily combined banking technology, capital-markets technology, merchant acquiring, and payment infrastructure under one corporate platform. The company’s portfolio includes core-banking systems, digital-banking tools, payment processing, card and issuer services, fraud and risk solutions, wealth and retirement technology, treasury and lending platforms, trading and asset-servicing software, and related implementation and managed services. Products such as Profile support transaction processing and core banking, while the capital-markets portfolio serves trading, investment management, lending, treasury, and post-trade workflows. Following its 2026 acquisition of Global Payments’ Issuer Solutions business, formerly known as TSYS, FIS also markets FIS Total Issuing Solutions, adding a large global card-issuer-processing business to its banking and payments operations. FIS has undergone substantial portfolio restructuring. In 2023 and early 2024, the company separated the majority of its Worldpay merchant business, selling a 55 percent stake to GTCR while retaining a minority interest. In January 2026, FIS completed the sale of its remaining Worldpay interest to Global Payments and simultaneously acquired Global Payments’ Issuer Solutions business. This reshaped FIS around enterprise financial software, banking technology, capital-markets platforms, issuer processing, and recurring payment-services revenue rather than direct ownership of a merchant-acquiring business. The company describes its scale in terms of global clients, high-volume transaction processing, and a large installed base of financial institutions and corporations. Its business model is primarily business-to-business and infrastructure-oriented: financial institutions and enterprises use FIS technology under software, processing, outsourcing, licensing, subscription, and professional-services arrangements. The company therefore occupies a foundational but often low-visibility position in the financial ecosystem. End users may interact with FIS-supported banking or payment services without seeing the FIS name. As of 2026, FIS is led by President and Chief Ex…

FIS originated in 1968 as Systematics, a financial-technology company founded in Little Rock, Arkansas. Systematics developed software and processing capabilities for banks at a time when financial institutions were beginning to automate deposits, account records, transaction processing, and other back-office functions. The company later became part of ALLTEL Information Services and operated as its financial-services technology division. In 2003, Fidelity National Financial acquired ALLTEL Information Services' financial-services division for approximately $1 billion and renamed it Fidelity Information Services. The transaction provided the corporate foundation for the modern FIS organization. FIS then pursued a consolidation strategy, using acquisitions to assemble capabilities across retail banking, payments, electronic funds, card services, wealth management, and related financial infrastructure. The company acquired or integrated businesses including WebTone Technologies, Sanchez Computer Associates, Aurum Technology, BankWare, InterCept, and Kordoba during the early 2000s. A major step came in 2006, when FIS merged with Certegy. Certegy brought payment-related services, check-verification capabilities, and other consumer and merchant-facing processing operations. In 2007, FIS acquired eFunds Corporation, expanding its prepaid, electronic-benefits, fraud, risk, and transaction-processing capabilities. In 2009, FIS acquired Metavante Corporation in a stock transaction valued at approximately $2.94 billion. Metavante strengthened FIS's position in core banking, payments, account processing, and financial-institution software and substantially increased the company's presence among community banks, regional banks, and other financial institutions. During the following decade, FIS broadened its portfolio through both organic development and further acquisitions. It acquired compliance, wealth, trust, mobile-banking, payments, and institutional-investment technology businesses. The 2015 acquisition of SunGard, valued at approximately $9.1 billion, was particularly important because it moved FIS deeper into capital markets. SunGard added systems used by asset managers, banks, trading firms, custodians, lenders, treasury departments, clearing agents, and other institutional clients. This helped establish FIS as a provider not only of retail-banking and payment systems but also of software supporting complex investment and post-trade workflows. In 2019, FIS acquired Worldpay in a transaction initially reported at approximately $35 billion, with later reporting and accounting references using different transaction-value conventions. Worldpay brought merchant acquiring, payment acceptance, e-commerce, and international payment-processing operations. The combination made FIS one of the world's largest payment-processing and financial-technology groups and created a broad portfolio spanning banking, capital markets, issuer processing, merchant acquiring, and enterprise payments. FIS continued to add specialized capabilities after the Worldpay transaction. Its portfolio included businesses such as Virtus Partners, Payrix, Bond Financial Technologies, Torstone Technology, Dragonfly Financial Technologies, Demica, Amount, and Everlink. These transactions reflected an emphasis on embedded payments, digital account opening, capital-markets infrastructure, trade and post-trade technology, supply-chain finance, and specialized banking workflows. The company also pursued a proposed combination with Global Payments in 2020, but discussions ended without a merger. The Worldpay business later became the focus of a significant strategic reset. In February 2023, following pressure from activist investors and a large impairment associated with the merchant business, FIS announced that it would separate Worldpay Merchant Solutions. In July 2023, GTCR agreed to acquire a 55 percent stake in Worldpay at an implied valuation of approximately $18.5 billion. The transaction closed on January 31, 2024, leaving FIS with a 45 percent minority interest and commercial relationships with the newly separated Worldpay. FIS subsequently pursued a more focused enterprise-software and banking strategy. In April 2025, it announced an agreement to acquire Global Payments' Issuer Solutions business, formerly TSYS, while selling its remaining Worldpay interest to Global Payments. The transactions closed on January 9, 2026. FIS acquired the Issuer Solutions business for an enterprise value of $13.5 billion, funded partly with cash and partly through the exchange of its Worldpay interest. The acquired business was rebranded FIS Total Issuing Solutions and added large-scale card-issuer processing, loyalty, prepaid, debit, credit, and related payment services. Leadership also changed during this period. Stephanie Ferris, who joined FIS through the Worldpay acquisition and had previously held senior payments-finance roles, became president and CEO on January 1, 2023. Gary Norcross, who had led FIS as CEO for eight years, moved to the executive-chairman role. By 2026, FIS described itself as a global financial-technology company focused on helping clients run, grow, protect, and connect financial businesses. Its strategic themes included cloud-native and modular modernization, artificial intelligence, data intelligence, operational resilience, recurring revenue, and deeper integration across banking, payments, capital markets, and issuer services.

1. 2026FIS completes the Issuer Solutions acquisition and Worldpay exit

   FIS closes the acquisition of Global Payments' Issuer Solutions business and sells its remaining Worldpay interest. The acquired business becomes FIS Total Issuing Solutions.

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2. 2025FIS agrees to acquire Global Payments' Issuer Solutions business

   FIS announces a transaction to acquire Global Payments' Issuer Solutions business, formerly TSYS, while selling its remaining Worldpay interest.

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3. 2024GTCR acquires majority Worldpay interest

   FIS completes the sale of a majority stake in Worldpay to GTCR and retains a minority interest and commercial arrangements.

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4. 2023FIS announces Worldpay separation

   FIS announces plans to separate its merchant business, Worldpay Merchant Solutions, following investor pressure and a major impairment.

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5. 2020Proposed Global Payments merger discussions end

   FIS and Global Payments end discussions regarding a proposed combination that would have created a very large payments and financial-technology group.

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6. 2019Worldpay is acquired

   FIS acquires Worldpay, adding merchant acquiring, e-commerce payments, and international payment acceptance.

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7. 2015SunGard is acquired

   The SunGard acquisition expands FIS into capital-markets technology serving investment managers, traders, custodians, treasurers, lenders, and clearing firms.

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8. 2009Metavante is acquired

   FIS acquires Metavante, strengthening its core-banking, payments, and financial-institution software portfolio.

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9. 2007eFunds is acquired

   The acquisition of eFunds broadens FIS's prepaid, electronic-benefits, fraud, risk, and transaction-processing capabilities.

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10. 2006Certegy becomes part of FIS

    FIS combines with Certegy, expanding its payment, check-verification, and related processing operations.

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11. 2003Fidelity National Financial acquires the ALLTEL financial-services division

    Fidelity National Financial acquires ALLTEL Information Services' financial-services division and renames it Fidelity Information Services.

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12. 1968Systematics is founded

    Systematics, the predecessor of FIS, is founded in Little Rock and begins developing financial software and processing technology for banks.

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Enterprise financial-technology infrastructure provider serving banks, card issuers, corporations, investment firms, and other financial institutions. FIS is positioned around mission-critical processing, software modernization, payments connectivity, data, resilience, and global scale.

• FIS ProfileCore banking and transaction processing

  Profile is a core-banking and transaction-processing platform used by financial institutions to manage accounts, deposits, transactions, and related banking operations. FIS describes the system as being built around GT.M, a transaction-processing database technology maintained by the company. Profile represents FIS's historical strength in high-volume, mission-critical banking infrastructure.

• FIS Digital OneDigital banking

  FIS Digital One is a family of digital-banking capabilities intended to help banks provide online and mobile account access, payments, service interactions, and customer-facing financial experiences. The offering forms part of FIS's broader effort to modernize legacy banking environments through more modular, cloud-oriented, and integrated technology.

• FIS Total Issuing SolutionsCard issuing and issuer processing2026

  FIS Total Issuing Solutions is the portfolio created from Global Payments' former Issuer Solutions business, known historically as TSYS, after its acquisition by FIS in January 2026. It provides issuer processing and related services for credit, debit, prepaid, loyalty, and other payment programs, serving financial institutions and corporate clients across numerous countries.

• FIS Capital Markets SolutionsCapital-markets technology

  FIS Capital Markets Solutions comprises software and services for trading, investment management, asset servicing, lending, treasury, risk management, clearing, and post-trade operations. The portfolio reflects capabilities added and expanded through the SunGard acquisition and subsequent product development for banks, asset managers, corporates, custodians, and other institutional users.

• FIS PaymentsPayments processing

  FIS Payments includes payment-processing capabilities for financial institutions, businesses, card programs, and other organizations. It covers money movement, transaction routing, payment acceptance, fraud controls, reconciliation, and related infrastructure. The portfolio has been shaped by FIS's acquisitions in banking, prepaid, merchant payments, embedded payments, and issuer processing.

• FIS Modern Banking PlatformCloud banking platform

  FIS Modern Banking Platform is positioned as a modernized banking architecture intended to help financial institutions replace or extend legacy core systems. Its strategic role is to support modular deployment, digital product development, faster integration, and more flexible operating models for banks seeking cloud-native or service-oriented technology.

• 2026Rebrand the acquired issuing business as FIS Total Issuing SolutionsStrategy

  FIS needed to integrate the former TSYS Issuer Solutions business into its post-Worldpay corporate structure and present a unified offering to banks, issuers, and corporate clients.

  What changed. FIS brought the acquired issuer-processing and payment capabilities to market under the FIS Total Issuing Solutions portfolio brand.

  Aftermath. The rebrand positioned issuer processing, credit and debit programs, prepaid services, loyalty, and related payment capabilities as a core part of FIS's future banking and payments strategy.

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• 2025Acquire Global Payments' Issuer Solutions businessM&A

  After separating merchant acquiring, FIS sought to strengthen issuer processing, card services, and financial-institution payments while replacing its non-controlling Worldpay investment with operating assets.

  What changed. FIS agreed to acquire 100 percent of Global Payments' Issuer Solutions business, formerly TSYS, and to sell its remaining Worldpay interest to Global Payments.

  Aftermath. The transaction closed in January 2026. The acquired operations were rebranded FIS Total Issuing Solutions and became a major component of FIS's banking and payments portfolio.

  Issuer Solutions enterprise value. $13.5 billion enterprise value; approximately $12 billion net purchase price including tax assets (Announced April 17, 2025; completed January 9, 2026)

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• 2024Sell majority stake in Worldpay to GTCRM&A

  FIS implemented its decision to separate the merchant business and simplify its corporate portfolio.

  What changed. FIS sold a 55 percent stake in Worldpay Merchant Solutions to GTCR while retaining a 45 percent minority interest.

  Aftermath. Worldpay became a separately controlled business, while FIS retained an economic interest and commercial relationship until the remaining stake was sold to Global Payments in 2026.

  Implied Worldpay valuation. $18.5 billion (2023 agreement; closed January 31, 2024)

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• 2023Separate the Worldpay merchant businessStrategy

  FIS faced investor pressure and a major impairment associated with its merchant business, while management sought to simplify the company and refocus on enterprise financial software and banking technology.

  What changed. FIS announced that Worldpay Merchant Solutions would be separated from FIS through a sale of a majority stake to private-equity firm GTCR.

  Aftermath. The majority-stake sale closed in early 2024. FIS retained a minority interest and commercial agreements before ultimately selling its remaining Worldpay interest in 2026.

  Impairment reported in connection with merchant-business separation. $17.6 billion reported impairment (2023)

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• 2020End proposed Global Payments merger discussionsM&A

  FIS and Global Payments explored a possible combination during a period of rapid consolidation in payments and financial technology.

  What changed. The companies ended discussions without announcing a merger agreement.

  Aftermath. FIS remained independent and later entered into a different transaction with Global Payments involving Issuer Solutions and Worldpay.

  Reported combined enterprise value. Approximately $70 billion (2020 discussions)

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• 2019Acquire WorldpayM&A

  FIS aimed to add merchant acquiring, e-commerce payments, and international payment acceptance to its banking and financial-technology portfolio.

  What changed. FIS acquired Worldpay and combined its merchant-payment capabilities with FIS banking, payments, and capital-markets technology.

  Aftermath. FIS became one of the largest global payment-processing companies, but the combined merchant portfolio was later reconsidered and separated.

  Reported transaction value. Approximately $35 billion in initial transaction reporting (2019)

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• 2015Acquire SunGardM&A

  FIS sought to expand from banking and payments technology into a broader set of capital-markets workflows and institutional financial services.

  What changed. FIS acquired SunGard and integrated its trading, investment-management, asset-servicing, treasury, lending, clearing, and related technology businesses.

  Aftermath. The acquisition materially expanded FIS's capital-markets presence and broadened its client base beyond retail banks and payment organizations.

  Transaction value. $9.1 billion reported transaction value (2015)

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• 2025Multi-day banking-services outageControversy

  A technical and power-related incident at FIS caused service disruptions for multiple financial institutions in January 2025, including Capital One. Reported impacts included delayed or inaccessible deposits, payment problems, and unavailable or inaccurate account information. FIS stated that the incident was not caused by a cyberattack. The event generated negative publicity and was associated with litigation involving affected banking customers and institutions.

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• 2011eFunds prepaid-card ATM attackControversy

  eFunds Prepaid Solutions, then part of FIS, was affected by a sophisticated ATM cash-out attack. Attackers used 22 stolen prepaid cards tied to one FIS client and withdrew approximately $13 million.

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• 2007Certegy consumer-record theft and privacy litigationControversy

  Certegy Check Services, a business associated with FIS, disclosed in July 2007 that an employee had stolen consumer records containing credit-card, bank-account, and other personal information. The reported number of affected records was later raised from approximately 2.3 million to approximately 8.5 million. A class-action lawsuit was subsequently filed against Certegy and FIS in connection with the privacy breach.

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• 2026FIS completes acquisition of Global Payments' Issuer Solutions business and sale of its remaining Worldpay stake

  FIS completed the acquisition of Global Payments' Issuer Solutions business, formerly TSYS, while selling its remaining minority interest in Worldpay. The acquired business was rebranded FIS Total Issuing Solutions and expanded FIS's card-issuer processing and payment capabilities.

  M&A
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• 2026FIS reports full-year 2025 results and introduces 2026 outlook

  FIS reported its 2025 financial results and described the January 2026 completion of the Issuer Solutions acquisition and Worldpay stake sale as central elements of its portfolio transformation.

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• 2025FIS announces strategic transaction involving Global Payments and Worldpay

  FIS announced an agreement to acquire Global Payments' Issuer Solutions business and sell its remaining Worldpay interest to Global Payments. The transaction was designed to simplify FIS's portfolio and strengthen its issuing and banking businesses.

  M&A
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• 2024FIS completes sale of majority stake in Worldpay to GTCR

  FIS completed the sale of a majority interest in its Worldpay Merchant Solutions business to GTCR. FIS retained a minority position and commercial relationships while simplifying its corporate structure.

  M&A
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• 2023FIS announces plan to separate Worldpay merchant business

  Following pressure from activist investors and a major impairment associated with the merchant business, FIS announced that it would separate Worldpay Merchant Solutions from the rest of the company.

  M&AOther
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• 2023GTCR agrees to acquire majority stake in Worldpay

  Private-equity firm GTCR agreed to acquire a majority stake in Worldpay from FIS in a transaction that valued the merchant business at approximately $18.5 billion.

  M&A
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• 2023Stephanie Ferris becomes FIS president and chief executive officer

  Stephanie Ferris assumed the roles of president and CEO, succeeding Gary Norcross, who moved to the position of executive chairman.

  Leadership change
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• 2022FIS acquires Payrix

  FIS acquired Payrix, a provider focused on embedded payments and payment facilitation technology, strengthening its ability to serve software platforms and embedded-commerce businesses.

  M&AProduct launch
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• 2020FIS and Global Payments end proposed merger discussions

  FIS and Global Payments held discussions about a possible combination reported to represent approximately $70 billion in combined enterprise value. The talks ended without a transaction.

  M&A
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• 2019FIS acquires Worldpay

  FIS completed its acquisition of Worldpay, expanding into merchant acquiring, e-commerce payments, and international payment acceptance and creating one of the largest global payment-processing businesses.

  M&A
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• 2016FIS ranks highly in FinTech Forward

  FIS was ranked second in the FinTech Forward rankings, reflecting its scale and prominence among global financial-technology companies.

  Other
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• 2015FIS acquires SunGard

  The acquisition of SunGard added capital-markets technology and services for asset managers, traders, custodians, treasurers, clearing firms, lenders, and other institutional users.

  M&A
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1. FIS Company History
2. FIS Executive Team
3. FIS Completes Strategic Acquisition of Global Payments' Issuer Solutions Business and Sale of Worldpay Stake
4. FIS Announces Sale of Worldpay Stake and Strategic Acquisition of Global Payments' Issuer Solutions Business
5. FIS 2025 Annual Report
6. FIS (company)
7. FIS Board Appoints Stephanie Ferris as President and Chief Executive Officer
8. FIS Reports Full-Year 2025 Results and Introduces 2026 Outlook
9. FIS Completes Sale of Majority Stake of Worldpay to GTCR
10. Proposed Global Payments merger discussions end
11. FIS announces Worldpay separation
12. Reported transaction value
13. Multi-day banking-services outage
14. GTCR agrees to acquire majority stake in Worldpay
15. FIS ranks highly in FinTech Forward