Fidelity Information Services (FIS) - Competitor Profile

Fidelity Information Services (FIS) - Competitor Profile

Summary

Fidelity Information Services (FIS) is one of the leading payment and transactional service providers globally, offering end-to-end solutions covering the entire payment value chain. It offers omnichannel solutions for merchants, banks, acquirers, payment services providers, businesses, and governments. FIS offers its services in 146 countries, supporting more than 300 payment methods and 126 currencies.

FIS operates through three business segments: Merchant Solutions, Banking Services, and Capital Market Solutions, offering acquiring and processing, core banking, digital solutions, wealth and asset management solutions, and retirement and insurance solutions.

It has made several acquisitions of complementary businesses, which has helped the company stay competitive in the market. In October 2014, FIS acquired Clear2Pay, a provider of banking and payments technology solutions, enabling FIS to expand its portfolio with new corporate payment solutions and services. In July 2019, it acquired Worldpay for a consideration of $43 billion - one of the biggest-ever deals in the payments space. As a result of this acquisition, FIS significantly expanded its international presence to offer merchant-acquiring services outside of the US, including in the UK and the EU. In February 2022, it acquired Payrix, an embedded payments solutions provider based in the US, to further expand its ecommerce product offerings.

FIS is also focusing on improving its domestic acquiring capabilities in several markets. In October 2020, Worldpay secured domestic card scheme acquiring licenses in Argentina. In April 2021, the company announced the expansion of its domestic acquiring services into emerging markets such as Malaysia, South Africa, and Nigeria.

The report provides information and insights into FIS including -

• Detailed insight into its business
• Comprehensive coverage of its products and services
• Comparative assessment with key alternative payment solutions
• Information on its Performance Highlights
• The company's important events and milestones

Scope

• In 1968, Founded as Systematics Inc.
• In April 2003, Fidelity National Financial acquired AIS and rebranded it as Fidelity Information Services.
• In February 2020, FIS expanded its partnership with PayPal, enabling FIS’s Premium Payback loyalty network customers to redeem points at PayPal’s partner merchants in the US.
• In April 2021, FIS announced the expansion of its domestic acquiring services into Malaysia, South Africa, and Nigeria.
• In July 2022, FIS launched its Merchant Business Solutions services in South Korea.

Reasons to Buy

• Gain insights into FIS business operations and key events.
• Gain insights into its product portfolio and performance highlights.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.