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{{short description|American information technology company}}
{{short description|American information technology company}}
{{for|other companies|FIS (disambiguation)}}
{{for|other companies|FIS (disambiguation)}}
{{Use mdy dates|date=November 2024}}
{{Infobox company
{{Infobox company
| name = FIS
| name = Fidelity National Information Services, Inc.
| trade_name = FIS
| former_name =
| predecessor = [[Systematics, Inc]]
| logo = FIS logo.svg
| logo = FIS logo.svg
| logo_caption = Advancing the way the world pays, banks and invests
| type = [[Public company|Public]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|FIS}}|[[S&P 500|S&P 500 Component]]}}
| traded_as = {{ubl|{{NYSE|FIS}}|[[S&P 500]] component}}
| slogan =
| founded = {{Start date and age|1968|p=yes}}
⚫
| hq_location_city = [[Jacksonville, Florida]]
| foundation = {{start date and age|1968}}
| hq_location_country = U.S.
| location = 347 Riverside Avenue
⚫
[[Jacksonville, Florida]] 32202
| area_served = Worldwide
| area_served = Worldwide
| key_people = Stephanie Ferris <br /> (CEO & President)
| key_people = Stephanie Ferris<br />(CEO & President)
| industry = Financial Sector
| industry = Financial Sector
| num_employees = 65,000+<ref name=10K />
| num_employees = 65,000+
| num_employees_year = December 2021
| num_employees_year = December 2021
| products = Banking Technology, Payment Technology, Processing Services, Information Based services
| products = Banking Technology, Payment Technology, Processing Services, Information Based services
| revenue = {{increase}} {{US$|13.88 billion|link=yes}} (2021)<ref name="10K">{{Cite web |date=23 February 2022 |title=FIS, Inc. 2021 Annual Report (Form 10-K) |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1136893/000113689322000038/fis-20211231.htm |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
| revenue = {{increase}} {{US$|13.88 billion|link=yes}} (2021){{Update inline|date=December 2024|?=yes}}
| operating_income = {{increase}} {{US$|1.06 billion}} (2021)<ref name=10K />
| operating_income = {{increase}} {{US$|1.06 billion}} (2021){{Update inline|date=December 2024|?=yes}}
| net_income = {{increase}} {{US$|417 million}} (2021)<ref name=10K />
| net_income = {{increase}} {{US$|417 million}} (2021){{Update inline|date=December 2024|?=yes}}
| assets = {{decrease}} {{US$|82.93 billion}} (2021)<ref name=10K />
| assets = {{decrease}} {{US$|82.93 billion}} (2021){{Update inline|date=December 2024|?=yes}}
| equity = {{decrease}} {{US$|47.35 billion}} (2021)<ref name=10K />
| equity = {{decrease}} {{US$|47.35 billion}} (2021){{Update inline|date=December 2024|?=yes}}
| homepage = {{URL|https://www.fisglobal.com}}
| website = {{URL|https://www.fisglobal.com}}
| footnotes = <ref name="10K">{{Cite web |date=February 23, 2022 |title=FIS, Inc. 2021 Annual Report (Form 10-K) |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1136893/000113689322000038/fis-20211231.htm |publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
}}
}}


'''Fidelity National Information Services, Inc.''' ('''FIS''') is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or [[Fintech|FinTech]], and as of Q2 2020 it offers its solutions in three primary segments: Merchant Solutions, Banking Solutions, and Capital Market Solutions. Annually, FIS facilitates the movement of roughly $9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.<ref>{{Cite web |title=About Our Company - FIS |url=http://www.fisglobal.com/About-Us/About-Our-Company}}</ref>
'''Fidelity National Information Services, Inc.''' ('''FIS''') is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or [[Fintech|FinTech]], and as of Q2 2024 it offers its solutions in two primary segments: Banking Solutions & Capital Market Solutions. Annually, FIS facilitates the movement of roughly $9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.<ref>{{Cite web |title=About Our Company - FIS |url=http://www.fisglobal.com/About-Us/About-Our-Company}}</ref>


FIS was ranked second in the FinTech Forward 2016 rankings.<ref>{{Cite web |title=FinTech Forward 2016 |url=https://www.americanbanker.com/fintech-forward-2016 |website=American Banker |language=en}}</ref> After finalizing FIS' most recent deal to acquire [[Worldpay, Inc.|Worldpay]] for $35 billion in Q3 of 2019, FIS became the largest processing and payments company in the world.<ref>{{Cite web|last=Fuscaldo|first=Donna|title=FIS Buys Worldpay For $35 Billion As Payment Consolidation Heats Up|url=https://www.forbes.com/sites/donnafuscaldo/2019/03/18/fis-buys-worldpay-for-35-billion-as-payment-consolidation-ensues/|access-date=2020-05-20|website=Forbes|language=en}}</ref>
FIS was ranked second in the FinTech Forward 2016 rankings.<ref>{{Cite web |title=FinTech Forward 2016 |url=https://www.americanbanker.com/fintech-forward-2016 |website=American Banker |language=en |access-date=August 19, 2019 |archive-date=August 19, 2019 |archive-url=https://web.archive.org/web/20190819015550/https://www.americanbanker.com/fintech-forward-2016 |url-status=dead }}</ref> After acquiring [[Worldpay, Inc.|Worldpay]] for $35 billion in Q3 of 2019, FIS became the largest processing and payments company in the world.<ref>{{Cite web|last=Fuscaldo|first=Donna|title=FIS Buys Worldpay For $35 Billion As Payment Consolidation Heats Up|url=https://www.forbes.com/sites/donnafuscaldo/2019/03/18/fis-buys-worldpay-for-35-billion-as-payment-consolidation-ensues/|access-date=May 20, 2020|website=Forbes|language=en}}</ref>

== History ==
The company was founded in Little Rock in 1968 as Systematics, which was later acquired by [[Alltel|ALLTEL Information Services]] as its Financial Services division.
Alltell then sold this division to title insurance giant [[Fidelity National Financial]] in 2003, who renamed it Fidelity Information Services (FIS).<ref>{{cite web|url=https://www.proquest.com/docview/234916262|title=Alltel Sells Financial Services Division for $1 Billion}}</ref>


== Operations ==
== Operations ==
FIS has a portfolio of products for the financial services sector, including both retail and investment banking.<ref>{{Cite web |title=Enterprise Financial Systems - FIS |url=http://www.fisglobal.com/products}}</ref>
FIS has a portfolio of products for the financial services sector, including both retail and investment banking.<ref>{{Cite web |title=Enterprise Financial Systems - FIS |url=http://www.fisglobal.com/products}}</ref> They include "Profile"―a [[core banking |banking application]] based on the [[Open-source license|open source]] [[GT.M]], a transaction processing database engine maintained by FIS.<ref>{{Cite web |date=2007 |title=Tuning and Optimizing the Red Hat Core Banking Pla |url=https://static.redhat.com/legacy/f/pdf/rhel/Profile_Benchmark_Results_11-17-2007.pdf |access-date=September 15, 2019 |website=www.redhat.com}}</ref>

They include "Profile" ― a banking application based on the [[Open-source license|open source]] [[GT.M]], a transaction processing database engine maintained by FIS.<ref>{{Cite web |date=2007 |title=Tuning and Optimizing the Red Hat Core Banking Pla |url=https://static.redhat.com/legacy/f/pdf/rhel/Profile_Benchmark_Results_11-17-2007.pdf |access-date=2019-09-15 |website=www.redhat.com}}</ref>

==Mergers and acquisitions==


==Mergers, acquisitions and divestments==
⚫
Throughout its history, FIS has made many acquisitions.<ref name="fisglobal.com">{{Cite web |title=About Our Company - FIS |url=http://www.fisglobal.com/aboutfis-ourcompany}}</ref> It's largest to date would have been the reported merger with [[Global Payments]], a deal estimated around US$70 billion, but which fell apart at the last minute in December 2020.<ref>{{Cite news |date=20 December 2020 |title=FIS, Global Payments Held Unsuccessful Talks to Merge |newspaper=Wall Street Journal |url=https://www.wsj.com/articles/fis-global-payments-held-unsuccessful-talks-to-merge-11608487357}}</ref>


⚫
Throughout its history, FIS has made many acquisitions.<ref name="fisglobal.com">{{Cite web |title=About Our Company - FIS |url=http://www.fisglobal.com/aboutfis-ourcompany}}</ref> Its largest to date would have been estimated around US$70 billion, but which fell through in December 2020.<ref>{{Cite news |date=December 20, 2020 |title=FIS, Global Payments Held Unsuccessful Talks to Merge |newspaper=Wall Street Journal |url=https://www.wsj.com/articles/fis-global-payments-held-unsuccessful-talks-to-merge-11608487357}}</ref>
⚫
* Alltel Information Services, 2003 $1.05 billion<ref name="fisglobal.com" />
⚫
* [[WebTone Technologies]], 2003<ref>{{Cite web|title=FIS acquires WebTone Technologies {{!}} Startup Ranking|url=https://www.startupranking.com/acquisition/fis-acquires-webtone-technologies-11078|access-date=2020-12-29|website=StartupRanking|language=en-US}}</ref><ref>{{Cite web|title=Fidelity National buys WebTone|url=https://www.bizjournals.com/atlanta/stories/2003/07/21/daily47.html|access-date=2020-12-29|website=www.bizjournals.com}}</ref>
⚫
* Sanchez Computer Associates, 2004 $175 million<ref>{{Cite web |date=29 January 2004 |title=Fidelity National Financial acquires Sanchez |url=https://www.finextra.com/newsarticle/11067/fidelity-national-financial-acquires-sanchez}}</ref>
⚫
* Aurum Technology, 2004<ref>{{Cite web |date=9 February 2004 |title=Fidelity National Financial to acquire Aurum Technology |url=https://www.finextra.com/newsarticle/11143/fidelity-national-financial-to-acquire-aurum-technology}}</ref>
⚫
* BankWare, 2004<ref name="finextra.com">{{Cite web |date=7 April 2004 |title=Fidelity National Financial acquires Bankware and Pro-Soft |url=https://www.finextra.com/newsarticle/11593/fidelity-national-financial-acquires-bankware-and-pro-soft}}</ref>
⚫
* InterCept, 2004<ref>{{Cite web |date=9 September 2004 |title=Fidelity to buy InterCept; postpones IPO |url=https://www.finextra.com/newsarticle/12457/fidelity-to-buy-intercept-postpones-ipo}}</ref>
⚫
* Kordoba GmbH & Co, 2004 $163.2 million<ref name="fisglobal.com" />
⚫
* Merger with [[Certegy|Certegy Inc.]],2006 $1.8 billion<ref name="fisglobal.com" /><ref>{{Cite web |date=27 January 2006 |title=Certegy shareholders agree to Fidelity merger |url=https://www.finextra.com/pressarticle/7780/certegy-shareholders-agree-to-fidelity-merger}}</ref>
⚫
* [[eFunds Corporation]] (EFD)
⚫
* [[Metavante Corporation]], 2009 $2.94 billion in stock<ref>{{Cite web |title=Media Room |url=http://www.fisglobal.com/NEWSRELEASE-2009-10-01-123}}</ref>
⚫
* Compliance Coach, Inc, 2010<ref>{{Cite news |title=FIS to Acquire Compliance Coach, Inc. |language=en |url=https://www.businesswire.com/news/home/20100614005915/en/FIS-Acquire-Compliance-Coach |access-date=2018-07-05}}</ref>
⚫
* [[Capco]], 2010, $292 million.<ref name="capco.com">{{Cite web |title=Capco - Financial Services Business and Technology Consultants |url=http://www.capco.com}}</ref> In May 2017 FIS sold a 60% stake in Capco to CD&R funds for $477 million.<ref>{{Cite web |date=22 May 2017 |title=FIS To Sell 60% Equity Interest In Capco; To Receive $477 Mln In Cash Proceeds |url=http://www.nasdaq.com/article/fis-to-sell-60-equity-interest-in-capco-to-receive-477-mln-in-cash-proceeds-20170523-00520}}</ref>
⚫
* TDWI ― Toronto Dominion Wealth Institutional - now re-branded as Platform Securities, 2013<ref>{{Cite web |title=- FIS acquisition of Platform Securities completed |url=http://www.platformsecurities.com/FISacquisition.aspx}}</ref>
⚫
* mFoundry, 2013, $120 million<ref name="engadget.com">{{Cite web |title=FIS acquires mobile banking guru mFoundry for $120 million |url=https://www.engadget.com/2013/02/03/fis-acquires-mobile-banking-guru-mfoundry-for-120-million/}}</ref>
⚫
* CMSI, 2014<ref>{{Cite web|date=2014-04-14|title=FIS acquires loan origination software vendor CMSI|url=https://www.finextra.com/pressarticle/54867/fis-acquires-loan-origination-software-vendor-cmsi|access-date=2020-12-29|website=Finextra Research|language=en}}</ref><ref>{{Cite web|date=2014-04-14|title=FIS Acquires Loan Origination Company CMSI|url=https://www.americanbanker.com/news/fis-acquires-loan-origination-company-cmsi|access-date=2020-12-29|website=American Banker|language=en}}</ref>
⚫
* Reliance Trust Company, 2014<ref>{{Cite web |title=FIS Completes Acquisition of Reliance Financial Corporation |url=http://www.fisglobal.com/C028450}}{{Dead link|date=December 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> $110 million
⚫
* Clear2Pay, 2014<ref>{{Cite web |title=Acquisition of Clear2Pay Bolsters FIS' Enterprise Payments Portfolio |url=http://www.fisglobal.com/C029864 |url-status=dead |archive-url=https://archive.today/20140903122510/http://www.fisglobal.com/C029864 |archive-date=2014-09-03 |access-date=2014-09-03}}</ref><ref>{{Cite web |title=FIS Completes Acquisition of Clear2Pay |url=http://www.fisglobal.com/C031126 |url-status=dead |archive-url=https://archive.today/20141008090219/http://www.fisglobal.com/C031126 |archive-date=2014-10-08 |access-date=2014-10-08}}</ref> $480 million
* [[SunGard|SunGard Data Systems]], 2015<ref>{{Cite web |title=FIS to Acquire SunGard |url=https://www.thestreet.com/technology/fiserv-first-data-merger-fintech-consolidation-14836844}}</ref> $9.1 billion
⚫
* [[Worldpay, Inc.]], 2019<ref>{{Cite web |date=March 18, 2019 |title=FIS and Worldpay to Combine to Accelerate the Future of Finance and Commerce Globally |url=https://www.businesswire.com/news/home/20190318005222/en/FIS-Worldpay-Combine-Accelerate-Future-Finance-Commerce |website=www.businesswire.com}}</ref> $43 billion
⚫
* [[Payrix]], 2022, <ref>{{cite web|url=https://www.investor.fisglobal.com/news-releases/news-release-details/fis-acquisition-payrix-expands-its-e-commerce-embedded-payments|title=FIS Acquisition of Payrix Expands Its E-Commerce, Embedded Payments and Finance Experiences for SMB Merchants via Platforms}}</ref>


⚫
* Alltel Information Services, $1.05 billion (2003)<ref name="fisglobal.com" />
⚫
* [[WebTone Technologies]] (2003)<ref>{{Cite web|title=FIS acquires WebTone Technologies {{!}} Startup Ranking|url=https://www.startupranking.com/acquisition/fis-acquires-webtone-technologies-11078|access-date=December 29, 2020|website=StartupRanking|language=en-US}}</ref><ref>{{Cite web|title=Fidelity National buys WebTone|url=https://www.bizjournals.com/atlanta/stories/2003/07/21/daily47.html|access-date=December 29, 2020|website=www.bizjournals.com}}</ref>
⚫
* Sanchez Computer Associates, $175 million (2004)<ref>{{Cite web |date=January 29, 2004 |title=Fidelity National Financial acquires Sanchez |url=https://www.finextra.com/newsarticle/11067/fidelity-national-financial-acquires-sanchez}}</ref>
⚫
* Aurum Technology (2004)<ref>{{Cite web |date=February 9, 2004 |title=Fidelity National Financial to acquire Aurum Technology |url=https://www.finextra.com/newsarticle/11143/fidelity-national-financial-to-acquire-aurum-technology}}</ref>
⚫
* BankWare (2004)<ref name="finextra.com">{{Cite web |date=April 7, 2004 |title=Fidelity National Financial acquires Bankware and Pro-Soft |url=https://www.finextra.com/newsarticle/11593/fidelity-national-financial-acquires-bankware-and-pro-soft}}</ref>
⚫
* InterCept (2004)<ref>{{Cite web |date=September 9, 2004 |title=Fidelity to buy InterCept; postpones IPO |url=https://www.finextra.com/newsarticle/12457/fidelity-to-buy-intercept-postpones-ipo}}</ref>
⚫
* Kordoba GmbH & Co, $163.2 million (2004)<ref name="fisglobal.com" />
⚫
* Merger with [[Certegy|Certegy Inc.]], $1.8 billion (2006)<ref name="fisglobal.com" /><ref>{{Cite web |date=January 27, 2006 |title=Certegy shareholders agree to Fidelity merger |url=https://www.finextra.com/pressarticle/7780/certegy-shareholders-agree-to-fidelity-merger}}</ref>
⚫
* [[eFunds Corporation]] (EFD){{citation needed|date=May 2023}}
⚫
* [[Metavante Corporation]], $2.94 billion in stock (2009)<ref>{{Cite web |title=Media Room |url=http://www.fisglobal.com/NEWSRELEASE-2009-10-01-123}}</ref>
⚫
* Compliance Coach, Inc, 2010<ref>{{Cite news |title=FIS to Acquire Compliance Coach, Inc. |language=en |url=https://www.businesswire.com/news/home/20100614005915/en/FIS-Acquire-Compliance-Coach |access-date=July 5, 2018}}</ref>
⚫
* [[Capco]], $292 million (2010)<ref name="capco.com">{{Cite web |title=Capco - Financial Services Business and Technology Consultants |url=http://www.capco.com}}</ref> In May 2017 FIS sold a 60% stake in Capco to CD&R funds for $477 million.<ref>{{Cite web |date=May 22, 2017 |title=FIS To Sell 60% Equity Interest In Capco; To Receive $477 Mln In Cash Proceeds |url=http://www.nasdaq.com/article/fis-to-sell-60-equity-interest-in-capco-to-receive-477-mln-in-cash-proceeds-20170523-00520}}</ref>
* Pronet Solutions, $24 million (2012)
⚫
* TDWI (Toronto Dominion Wealth Institutional) – now re-branded as Platform Securities (2013)<ref>{{Cite web |title=- FIS acquisition of Platform Securities completed |url=http://www.platformsecurities.com/FISacquisition.aspx}}</ref>
⚫
* mFoundry, $120 million (2013)<ref name="engadget.com">{{Cite web |title=FIS acquires mobile banking guru mFoundry for $120 million |date=February 3, 2013 |url=https://www.engadget.com/2013/02/03/fis-acquires-mobile-banking-guru-mfoundry-for-120-million/}}</ref>
⚫
* CMSI (2014)<ref>{{Cite web|date=April 14, 2014|title=FIS acquires loan origination software vendor CMSI|url=https://www.finextra.com/pressarticle/54867/fis-acquires-loan-origination-software-vendor-cmsi|access-date=December 29, 2020|website=Finextra Research|language=en}}</ref><ref>{{Cite web|date=April 14, 2014|title=FIS Acquires Loan Origination Company CMSI|url=https://www.americanbanker.com/news/fis-acquires-loan-origination-company-cmsi|access-date=December 29, 2020|website=American Banker|language=en}}</ref>
⚫
* Reliance Trust Company (2014)<ref>{{Cite web |title=FIS Completes Acquisition of Reliance Financial Corporation |url=http://www.fisglobal.com/C028450}}{{Dead link|date=December 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> $110 million
⚫
* Clear2Pay (2014)<ref>{{Cite web |title=Acquisition of Clear2Pay Bolsters FIS' Enterprise Payments Portfolio |url=http://www.fisglobal.com/C029864 |url-status=dead |archive-url=https://archive.today/20140903122510/http://www.fisglobal.com/C029864 |archive-date=September 3, 2014 |access-date=September 3, 2014}}</ref><ref>{{Cite web |title=FIS Completes Acquisition of Clear2Pay |url=http://www.fisglobal.com/C031126 |url-status=dead |archive-url=https://archive.today/20141008090219/http://www.fisglobal.com/C031126 |archive-date=October 8, 2014 |access-date=October 8, 2014}}</ref> $480 million
* [[SunGard]] (2015)<ref>{{Cite web |title=FIS to Purchase Financial Software Maker SunGard for $9.1 Billion |date=August 13, 2015 |url=https://www.thestreet.com/markets/fis-to-purchase-financial-software-maker-sungard-for-91-billion-13253626}}</ref> $9.1 billion
⚫
* [[Worldpay, Inc.]] (2019)<ref>{{Cite web |date=March 18, 2019 |title=FIS and Worldpay to Combine to Accelerate the Future of Finance and Commerce Globally |url=https://www.businesswire.com/news/home/20190318005222/en/FIS-Worldpay-Combine-Accelerate-Future-Finance-Commerce |website=www.businesswire.com}}</ref> $43 billion
* Virtus Partners (2020)<ref>{{Cite web |date=January 3, 2020 |title=FIS takes majority stake in alternatives fund administration provider Virtus |url=https://www.globalcustodian.com/fis-takes-majority-stake-alternatives-fund-administration-provider-virtus/}}</ref>
⚫
* Payrix (2022)<ref>{{cite web|url=https://www.investor.fisglobal.com/news-releases/news-release-details/fis-acquisition-payrix-expands-its-e-commerce-embedded-payments|title=FIS Acquisition of Payrix Expands Its E-Commerce, Embedded Payments and Finance Experiences for SMB Merchants via Platforms}}</ref>
* Bond Financial Technologies (2023)<ref>{{cite web|url=https://www.pymnts.com/acquisitions/2023/report-fis-acquires-bond-financial-technologies-to-grow-embedded-finance|title=Report: FIS Acquires Bond Financial Technologies to Grow Embedded Finance|date=June 9, 2023 }}</ref>
* Torstone Technology (2024)<ref>{{cite web|url=https://thepaypers.com/payments-general/fis-acquires-torstone-technology|title=FIS acquires Torstone Technology}}</ref>
* Dragonfly Financial Technologies (2024)<ref>{{cite web|url=https://finance.yahoo.com/news/one-equity-partners-completes-sale-120000928.html|title=One Equity Partners Completes Sale of Dragonfly Financial Technologies to FIS}}</ref>
* Demica (2024)<ref>{{cite web|url=https://www.fintechfutures.com/2024/12/fis-reportedly-set-to-acquire-uk-based-fintech-demica-for-around-300m/|title=Fintech Demica swallowed by American giant FIS in $300m deal}}</ref>


===Divestments===
In February 2023, the company announced it was planning on spinning off its merchant business that consisted of Worldpay. The move came at a time when other conglomerates like [[General Electric|GE]] and [[Johnson & Johnson]], were in the process of splitting off their various lines of business.<ref>{{Cite news |last=French |first=David |last2=Sen |first2=Anirban |last3=Vinn |first3=Milana |date=2023-02-11 |title=Exclusive: Payments giant FIS prepares to break up-sources |language=en |work=Reuters |url=https://www.reuters.com/business/finance/payments-giant-fis-prepares-break-up-sources-2023-02-11/ |access-date=2023-02-13}}</ref>
In February 2023, in the wake of pressure from [[activist investor]]s, the company announced it would spin off its merchant business that consisted of Worldpay in the next 12 months.<ref>{{Cite news |last1=Nishant |first1=Niket |last2=Sen |first2=Anirban |last3=Vinn |first3=Milana |date=February 13, 2023 |title=FIS takes $17.6 billion hit in merchant unit to be spun off |language=en |work=Reuters |url=https://www.reuters.com/markets/deals/fidelity-national-spin-off-merchant-payments-segment-2023-02-13/ |access-date=February 13, 2023}}</ref> In July 2023, FIS agreed to sell a 55{{nbsp}}percent stake in WorldPay to private equity firm [[GTCR]] for $11.7{{nbsp}}billion, valuing WorldPay at $18.5{{nbsp}}billion.<ref>{{cite web |last1=Nishant |first1=Niket |last2=Sen |first2=Anirban |date=July 6, 2023 |title=Buyout firm GTCR picks up majority stake valuing FIS unit Worldpay at $18.5 billion |url=https://www.reuters.com/markets/deals/fis-sell-stake-merchant-business-gtcr-185-bln-deal-2023-07-06/ |website=Reuters}}</ref> On February 1, 2024, the company announced it had competed the sale of a majority stake in its Worldpay Merchant Solutions business to GTCR in a transaction that valued the deal at US$18.5 billion, including US$1 billion contingent on returns realized by GTCR. FIS will maintain commercial agreements with Worldpay and will create a joint strategic go-to-market partnership between the two entities.<ref>{{Cite news |author=<!--not stated-->|date=February 1, 2024 |title=FIS Completes Sale of Majority Stake of Worldpay to GTCR |language=en |work=Business Wire |url=https://www.businesswire.com/news/home/20240201785803/en/FIS-Completes-Sale-of-Majority-Stake-of-Worldpay-to-GTCR/ |access-date=February 12, 2024}}</ref>


== Finances ==
== Finances ==
A 50% year-over-year increase in Quarterly Revenue was reported in FIS' Q1 2020 Earnings Report, climbing from $2.07 billion to $3.01 billion, while Adjusted Net Earnings more than doubled (+112%) from $378 Million to $802 Million. According to FIS Q1 2020 Earnings Report, a majority of these substantial increases can be attributed to the historically massive $35 billion merger/acquisition deal with [[Worldpay, Inc.|Worldpay Inc.]] which closed in Q3 2019.<ref>{{Cite web |title=FIS Reports First Quarter 2020 Results |url=https://www.investor.fisglobal.com/news-releases/news-release-details/fis-reports-first-quarter-2020-results |access-date=2020-05-20 |website=FIS |language=en}}</ref>
A 50% year-over-year increase in quarterly revenue was reported in FIS' Q1 2020 earnings report, climbing from $2.07{{nbsp}}billion to $3.01{{nbsp}}billion, while adjusted net earnings more than doubled (+112%) from $378{{nbsp}}million to $802{{nbsp}}million. According to FIS Q1 2020 earnings report, a majority of these substantial increases can be attributed to the historically massive $35 billion merger/acquisition deal with [[Worldpay, Inc.]] which closed in Q3 2019.<ref>{{Cite web |title=FIS Reports First Quarter 2020 Results |url=https://www.investor.fisglobal.com/news-releases/news-release-details/fis-reports-first-quarter-2020-results |access-date=May 20, 2020 |website=FIS |language=en}}</ref>


For the fiscal year 2017, FIS reported earnings of US$1.319 billion, with an annual revenue of US$9.123 billion, a decrease of 1.3% over the previous fiscal cycle. FIS shares traded at over $106 per share, and its market capitalization was valued at over US$33 billion in November 2018.<ref>{{Cite web |title=Fidelity National Information Services Revenue 2006-2018 {{!}} FIS |url=https://www.macrotrends.net/stocks/charts/FIS/fidelity-national-information-services/revenue |access-date=2018-11-06 |website=www.macrotrends.net}}</ref>
For the fiscal year 2017, FIS reported earnings of US$1.319 billion, with an annual revenue of US$9.123 billion, a decrease of 1.3% over the previous fiscal cycle. FIS shares traded at over $106 per share, and its market capitalization was valued at over US$33 billion in November 2018.<ref>{{Cite web |title=Fidelity National Information Services Revenue 2006-2018 {{!}} FIS |url=https://www.macrotrends.net/stocks/charts/FIS/fidelity-national-information-services/revenue |access-date=November 6, 2018 |website=www.macrotrends.net}}</ref>
{| class="wikitable float-left" style="text-align: right;
{| class="wikitable float-left" style="text-align: right;
|-
|-
!Year
!Year
!Revenue<br />in mil. USD$
!Revenue<br />in mil. US$
!Net income<br />in mil. USD$
!Net income<br />in mil. US$
!Total Assets<br />in mil. USD$
!Total Assets<br />in mil. US$
!Price per Share<br />in USD$
!Price per Share<br />in US$
!Employees
!Employees
|-
|-
Line 196: Line 209:
==Controversies==
==Controversies==


On July 3, 2007, Certegy Check Services, part of FIS, announced that a worker at one of its subsidiaries stole 2.3 million consumer records containing credit card, bank account, and other personal information.<ref>{{Cite web |title=CertegyAVC.pdf |url=https://myfloridalegal.com/webfiles.nsf/WF/MRAY-84KKQN/$file/CertegyAVC.pdf}}</ref> This estimate was later increased to 8.5 million consumer records. The next month, a law firm filed a [[class-action lawsuit]] against CCS and parent company FIS based on the privacy breach; the firm claims that, since CCS provides check-verification services to many major U.S. stores, "consumers do not choose to use the services of these companies but rather are forced to do so".<ref>{{Cite web |date=2007-08-21 |title=Data breach generates class action lawsuit |url=http://www.networkworld.com/community/node/18598 |website=[[Network World]]}}</ref>
On July 3, 2007, Certegy Check Services, part of FIS, announced that a worker at one of its subsidiaries stole 2.3 million consumer records containing credit card, bank account, and other personal information.<ref>{{Cite web |title=CertegyAVC.pdf |url=https://myfloridalegal.com/webfiles.nsf/WF/MRAY-84KKQN/$file/CertegyAVC.pdf |archive-url=https://web.archive.org/web/20190808212214/https://myfloridalegal.com/webfiles.nsf/WF/MRAY-84KKQN/$file/CertegyAVC.pdf |archive-date=August 8, 2019}}</ref> This estimate was later increased to 8.5 million consumer records. The next month, a law firm filed a [[class-action lawsuit]] against CCS and parent company FIS based on the privacy breach; the firm claims that, since CCS provides check-verification services to many major U.S. stores, "consumers do not choose to use the services of these companies but rather are forced to do so".<ref>{{Cite web |date=August 21, 2007 |title=Data breach generates class action lawsuit |url=http://www.networkworld.com/community/node/18598 |website=[[Network World]]}}</ref>


In August 2011, Florida based eFunds Prepaid Solutions, part of FIS, was the victim of a sophisticated cyberattack that saw hackers steal $13 million from ATMs using 22 stolen prepaid cards belonging to a single client of FIS.<ref>{{Cite web |date=2011-08-26 |title=Coordinated ATM Heist Nets Thieves $13M |url=http://krebsonsecurity.com/2011/08/coordinated-atm-heist-nets-thieves-13m/ |website=[[Brian Krebs]]}}</ref>
In August 2011, Florida based eFunds Prepaid Solutions, part of FIS, was the victim of a sophisticated cyberattack that saw hackers steal $13 million from ATMs using 22 stolen prepaid cards belonging to a single client of FIS.<ref>{{Cite web |date=August 26, 2011 |title=Coordinated ATM Heist Nets Thieves $13M |url=http://krebsonsecurity.com/2011/08/coordinated-atm-heist-nets-thieves-13m/ |website=[[Brian Krebs]]}}</ref>


==References==
==References==
Line 204: Line 217:


==External links==
==External links==
* {{Official|https://www.fisglobal.com}}
* {{Official website|https://www.fisglobal.com}}
{{Finance links
{{Finance links
| name = Fidelity National Information Services, Inc.
| name = FIS
| symbol = FIS
| symbol = FIS
| reuters = FIS.N
| reuters = FIS.N

Latest revision as of 13:26, 16 December 2024

For other companies, see FIS (disambiguation).

Fidelity National Information Services, Inc.
FIS
Company typePublic
IndustryFinancial Sector
PredecessorSystematics, Inc
Founded1968 (57 years ago) (1968)
Headquarters
Jacksonville, Florida
,
U.S.
Area served
Worldwide
Key people
Stephanie Ferris
(CEO & President)
ProductsBanking Technology, Payment Technology, Processing Services, Information Based services
RevenueIncrease US$13.88 billion (2021)[needs update?]
Increase US$1.06 billion (2021)[needs update?]
Increase US$417 million (2021)[needs update?]
Total assetsDecrease US$82.93 billion (2021)[needs update?]
Total equityDecrease US$47.35 billion (2021)[needs update?]
Number of employees
65,000+ (December 2021)
Websitewww.fisglobal.com
Footnotes / references
[1]

Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech, and as of Q2 2024 it offers its solutions in two primary segments: Banking Solutions & Capital Market Solutions. Annually, FIS facilitates the movement of roughly $9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.[2]

FIS was ranked second in the FinTech Forward 2016 rankings.[3] After acquiring Worldpay for $35 billion in Q3 of 2019, FIS became the largest processing and payments company in the world.[4]

History

[edit]

The company was founded in Little Rock in 1968 as Systematics, which was later acquired by ALLTEL Information Services as its Financial Services division. Alltell then sold this division to title insurance giant Fidelity National Financial in 2003, who renamed it Fidelity Information Services (FIS).[5]

Operations

[edit]

FIS has a portfolio of products for the financial services sector, including both retail and investment banking.[6] They include "Profile"―a banking application based on the open source GT.M, a transaction processing database engine maintained by FIS.[7]

Mergers, acquisitions and divestments

[edit]

Throughout its history, FIS has made many acquisitions.[8] Its largest to date would have been estimated around US$70 billion, but which fell through in December 2020.[9]

Divestments

[edit]

In February 2023, in the wake of pressure from activist investors, the company announced it would spin off its merchant business that consisted of Worldpay in the next 12 months.[36] In July 2023, FIS agreed to sell a 55 percent stake in WorldPay to private equity firm GTCR for $11.7 billion, valuing WorldPay at $18.5 billion.[37] On February 1, 2024, the company announced it had competed the sale of a majority stake in its Worldpay Merchant Solutions business to GTCR in a transaction that valued the deal at US$18.5 billion, including US$1 billion contingent on returns realized by GTCR. FIS will maintain commercial agreements with Worldpay and will create a joint strategic go-to-market partnership between the two entities.[38]

Finances

[edit]

A 50% year-over-year increase in quarterly revenue was reported in FIS' Q1 2020 earnings report, climbing from $2.07 billion to $3.01 billion, while adjusted net earnings more than doubled (+112%) from $378 million to $802 million. According to FIS Q1 2020 earnings report, a majority of these substantial increases can be attributed to the historically massive $35 billion merger/acquisition deal with Worldpay, Inc. which closed in Q3 2019.[39]

For the fiscal year 2017, FIS reported earnings of US$1.319 billion, with an annual revenue of US$9.123 billion, a decrease of 1.3% over the previous fiscal cycle. FIS shares traded at over $106 per share, and its market capitalization was valued at over US$33 billion in November 2018.[40]

Year Revenue
in mil. US$ 		Net income
in mil. US$ 		Total Assets
in mil. US$ 		Price per Share
in US$ 		Employees
2005 2,688 197 4,189 15.77
2006 2,417 259 7,631 18.08
2007 2,893 561 9,795 22.46
2008 3,360 215 7,500 17.28
2009 3,711 106 13,998 18.23
2010 5,146 405 14,176 23.27
2011 5,626 470 13,873 25.85
2012 5,796 461 13,550 29.22
2013 6,063 493 13,960 40.54 38,000
2014 6,413 679 14,521 52.41 40,000
2015 6,596 632 26,200 62.80 55,000
2016 9,241 568 26,031 69.40 55,000
2017 9,123 1,319 24,517 86.11 53,000
2018 8,423 846 23,770 102.55 47,000
2019 10,333 298 83,806 139.09 55,000
2020 12,552 158 83,842 141.46 62,000
2021 13,877 417 82,931 109.15 65,000

Controversies

[edit]

On July 3, 2007, Certegy Check Services, part of FIS, announced that a worker at one of its subsidiaries stole 2.3 million consumer records containing credit card, bank account, and other personal information.[41] This estimate was later increased to 8.5 million consumer records. The next month, a law firm filed a class-action lawsuit against CCS and parent company FIS based on the privacy breach; the firm claims that, since CCS provides check-verification services to many major U.S. stores, "consumers do not choose to use the services of these companies but rather are forced to do so".[42]

In August 2011, Florida based eFunds Prepaid Solutions, part of FIS, was the victim of a sophisticated cyberattack that saw hackers steal $13 million from ATMs using 22 stolen prepaid cards belonging to a single client of FIS.[43]

References

[edit]
  1. ^ "FIS, Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 23, 2022.
  2. ^ "About Our Company - FIS".
  3. ^ "FinTech Forward 2016". American Banker. Archived from the original on August 19, 2019. Retrieved August 19, 2019.
  4. ^ Fuscaldo, Donna. "FIS Buys Worldpay For $35 Billion As Payment Consolidation Heats Up". Forbes. Retrieved May 20, 2020.
  5. ^ "Alltel Sells Financial Services Division for $1 Billion".
  6. ^ "Enterprise Financial Systems - FIS".
  7. ^ "Tuning and Optimizing the Red Hat Core Banking Pla" (PDF). www.redhat.com. 2007. Retrieved September 15, 2019.
  8. ^ a b c d "About Our Company - FIS".
  9. ^ "FIS, Global Payments Held Unsuccessful Talks to Merge". Wall Street Journal. December 20, 2020.
  10. ^ "FIS acquires WebTone Technologies | Startup Ranking". StartupRanking. Retrieved December 29, 2020.
  11. ^ "Fidelity National buys WebTone". www.bizjournals.com. Retrieved December 29, 2020.
  12. ^ "Fidelity National Financial acquires Sanchez". January 29, 2004.
  13. ^ "Fidelity National Financial to acquire Aurum Technology". February 9, 2004.
  14. ^ "Fidelity National Financial acquires Bankware and Pro-Soft". April 7, 2004.
  15. ^ "Fidelity to buy InterCept; postpones IPO". September 9, 2004.
  16. ^ "Certegy shareholders agree to Fidelity merger". January 27, 2006.
  17. ^ "Media Room".
  18. ^ "FIS to Acquire Compliance Coach, Inc". Retrieved July 5, 2018.
  19. ^ "Capco - Financial Services Business and Technology Consultants".
  20. ^ "FIS To Sell 60% Equity Interest In Capco; To Receive $477 Mln In Cash Proceeds". May 22, 2017.
  21. ^ "- FIS acquisition of Platform Securities completed".
  22. ^ "FIS acquires mobile banking guru mFoundry for $120 million". February 3, 2013.
  23. ^ "FIS acquires loan origination software vendor CMSI". Finextra Research. April 14, 2014. Retrieved December 29, 2020.
  24. ^ "FIS Acquires Loan Origination Company CMSI". American Banker. April 14, 2014. Retrieved December 29, 2020.
  25. ^ "FIS Completes Acquisition of Reliance Financial Corporation".[permanent dead link‍]
  26. ^ "Acquisition of Clear2Pay Bolsters FIS' Enterprise Payments Portfolio". Archived from the original on September 3, 2014. Retrieved September 3, 2014.
  27. ^ "FIS Completes Acquisition of Clear2Pay". Archived from the original on October 8, 2014. Retrieved October 8, 2014.
  28. ^ "FIS to Purchase Financial Software Maker SunGard for $9.1 Billion". August 13, 2015.
  29. ^ "FIS and Worldpay to Combine to Accelerate the Future of Finance and Commerce Globally". www.businesswire.com. March 18, 2019.
  30. ^ "FIS takes majority stake in alternatives fund administration provider Virtus". January 3, 2020.
  31. ^ "FIS Acquisition of Payrix Expands Its E-Commerce, Embedded Payments and Finance Experiences for SMB Merchants via Platforms".
  32. ^ "Report: FIS Acquires Bond Financial Technologies to Grow Embedded Finance". June 9, 2023.
  33. ^ "FIS acquires Torstone Technology".
  34. ^ "One Equity Partners Completes Sale of Dragonfly Financial Technologies to FIS".
  35. ^ "Fintech Demica swallowed by American giant FIS in $300m deal".
  36. ^ Nishant, Niket; Sen, Anirban; Vinn, Milana (February 13, 2023). "FIS takes $17.6 billion hit in merchant unit to be spun off". Reuters. Retrieved February 13, 2023.
  37. ^ Nishant, Niket; Sen, Anirban (July 6, 2023). "Buyout firm GTCR picks up majority stake valuing FIS unit Worldpay at $18.5 billion". Reuters.
  38. ^ "FIS Completes Sale of Majority Stake of Worldpay to GTCR". Business Wire. February 1, 2024. Retrieved February 12, 2024.
  39. ^ "FIS Reports First Quarter 2020 Results". FIS. Retrieved May 20, 2020.
  40. ^ "Fidelity National Information Services Revenue 2006-2018 | FIS". www.macrotrends.net. Retrieved November 6, 2018.
  41. ^ "CertegyAVC.pdf" (PDF). Archived from the original (PDF) on August 8, 2019.
  42. ^ "Data breach generates class action lawsuit". Network World. August 21, 2007.
  43. ^ "Coordinated ATM Heist Nets Thieves $13M". Brian Krebs. August 26, 2011.
[edit]
  • Official website
  • Business data for Fidelity National Information Services, Inc.:
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