FIS Announces a $43bn Acquisition of Card Acquiring Giant Worldpay Inc.

18th March 2019
Callum Godwin
Callum Godwin

US issuer processor Fidelity National Information Services (FIS) has announced a $43 billion acquisition of global merchant acquiring giant Worldpay Inc.

FIS is an international provider of payment processing software and other financial services technology, who currently serve clients in over 130 countries and have operations in 45 countries including Germany, Spain and Hong Kong. The US issuer processor has announced that they are buying Worldpay (WP) who are the largest merchant acquirer in the world with 40 billion transactions processed in 2018.

The deal will have annual revenue of more than $12 billion. The purchase price includes a $35 billion cash consideration, as well as covering $8 billion of Worldpay’s debt.

Worldpay Inc was formed in January 2018 as the result of a merger between UK-based acquirer Worldpay and US-based acquirer Vantiv. At the time, the $10 billion deal created the world’s largest merchant acquirer.

Consolidation in the payments and bank core processing business threatens to dramatically alter the landscape in the US and everywhere card payments are made today. The dust had barely settled on the deal between Fiserv and First Data when FIS raised the stakes with its offer to acquire WorldPay. Speculation as to who’s next is rampant with the focus not only on the next largest players in bank core processing as well as card processors, but also the prominent payments Schemes.

Mark Horwedel, Strategic Consultant - CMSPI

You Might Also Be Interested In These...

Excessive Online Credit Card Rejections During Pandemic Mean Frustration for Consumers, Missed Sales for Retailers

While online rejections help prevent fraud, CMSPI data indicates that one out of every five is a false positive – meaning good customers are wrongly turned.

Read More >
Report Says U.S. Hasn’t Kept Up on Bringing Credit and Debit Card Fees Under Control

Nearly a decade after federal regulators forced U.S. banks to lower fees charged to process debit card transactions, much of the savings has been eroded.

Read More >
Can You Solve the Mystery of the Invoice Errors?

In CMSPI’s very own ‘whodunit’ board game, you can play detective and identify where the merchant has been mischarged.

Read More >
Card Processing – Seven Reasons an Invoice Audit Could Save You Millions

Many merchants are overpaying by substantial six and seven-figure sums every year, we detail the importance of auditing your invoices.

Read More >
Speak to the payments experts