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The disruption that began on January 16, 2025, was caused by a power outage at FIS Global, a third-party vendor responsible for banking services such as payment processing and deposits.
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.
In July, private equity firm GTCR agreed to acquire a 55 percent stake in WorldPay from FIS for $11.7 billion, valuing WorldPay at $18.5 billion. [30] [31] In February 2024, Worldpay was separated from Fidelity National Information Services (FIS) to become an independent company once again. [32] Today it is co-owned by GTCR (55%) and FIS (44%).
Metavante Technologies, Inc., through its subsidiary, Metavante Corporation, provided financial technology services, software and financial services regulatory advice and consulting to its customers, consisting primarily of small to large sized financial institutions. [2]
According to a new global payments report by FIS, the fintech company also known as WorldPay, the use of mobile, or digital, wallets exceeded the use of cash for the first time in in-store ...
Skimming scams have continued to be on the rise, according to data analytics firm FICO, which noted a 96% increase in such scams in 2023.According to the FBI, skimming scams cost consumers upwards ...
In February 2023, in the wake of pressure from activist investors, FIS announced it would spin off its merchant business that consisted of Worldpay in the next 12 months. [23] In July, private equity firm GTCR agreed to acquire a 55 per cent stake in WorldPay from FIS for $11.7 billion, valuing WorldPay at $18.5 billion.
Homeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of thousands of dollars, the Federal ...