NYSE:FIS

FIS Offers Greater Card Fraud Detection through New Artificial Intelligence Collaboration

Retrieved on: 
Monday, March 18, 2024
Data Management, Banking, Technology, Professional Services, Security, Software, Artificial Intelligence, Fintech, Mobile, Wireless, Hardware, Finance, EST, Friction, Partnership, Risk, Fraud, FIS

Global financial technology leader FIS ® (NYSE: FIS) has today announced that its SecurLOCK™ card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy .

Key Points: 
  • Global financial technology leader FIS ® (NYSE: FIS) has today announced that its SecurLOCK™ card fraud management solution is poised to deliver an increase in accurately identified and prevented fraudulent card transactions utilizing a new collaboration with FIS Fintech Accelerator alumnus Stratyfy .
  • With this anticipated advantage, customers may see a better and safer card payments experience for consumers as more fraud attempts are stopped, saving numerous hours of resolution time per transaction.
  • Reducing this friction, consumers can be less adversely affected by fraud rules and the disruption of “false positives” than ever before.
  • “With sophisticated fraudsters using new technologies to increase fraud attacks, both businesses and consumers are facing more risk than ever before,” said Eric Kraus, Head of Fraud Services at FIS.

FIS to Present at Upcoming Conference

Retrieved on: 
Thursday, March 7, 2024
Software, Finance, Hardware, Banking, Data Management, Professional Services, Technology, Mobile, Wireless, EDT, FIS

FIS® (NYSE: FIS), a global leader in financial services technology, will present on Thurs., March 14th, 2024, at the Wolfe Research FinTech Forum at 1:10 pm (EDT).

Key Points: 
  • FIS® (NYSE: FIS), a global leader in financial services technology, will present on Thurs., March 14th, 2024, at the Wolfe Research FinTech Forum at 1:10 pm (EDT).
  • A live audio webcast, as well as a replay, will be accessible on the Investor Relations section of FIS’ homepage, www.fisglobal.com .

FIS Announces Upsizing and Results of its Senior Note Tender Offers

Retrieved on: 
Tuesday, March 5, 2024
Data Management, Banking, Technology, Professional Services, Payments, Other Technology, Software, Fintech, Mobile, Wireless, Hardware, Finance, United States dollar, Barclays, Goldman Sachs, J.P. Morgan & Co., Expiration, 9700, Telephone, Euro, Settlement date, Wells Fargo, U.S. Bancorp, Information, System, FIS, Interest, BofA Securities, MUFG, Citigroup, Offers, Security (finance)

Overall, $1,496,352,000 and £754,757,000 principal amount of Dollar Notes and Sterling Notes, respectively, have been accepted for purchase.

Key Points: 
  • Overall, $1,496,352,000 and £754,757,000 principal amount of Dollar Notes and Sterling Notes, respectively, have been accepted for purchase.
  • The Offers are subject to the satisfaction of certain conditions as described in the Offer to Purchase.
  • King & Co, Inc. acted as the Information and Tender Agent for the Offers.
  • You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

FIS Invites the Next Generation of Banking and Payments Innovators to Apply for its 2024 Accelerator Program

Retrieved on: 
Tuesday, March 5, 2024
Data Management, Banking, Technology, Professional Services, Payments, Other Technology, Software, Fintech, Mobile, Wireless, Hardware, Finance, Growth, Life, Risk, FIS, Ecosystem, Heart

Global financial technology leader FIS ® (NYSE: FIS) has today announced that applications are open for the FIS Fintech Accelerator 2024, its flagship program that supports fintech innovation and growth.

Key Points: 
  • Global financial technology leader FIS ® (NYSE: FIS) has today announced that applications are open for the FIS Fintech Accelerator 2024, its flagship program that supports fintech innovation and growth.
  • The program, now in its ninth year, will select up to ten promising fintech startups to participate in a two-week incubation and 12-week intensive program.
  • The power of the FIS Accelerator emerges from its unparalleled position in the global financial ecosystem, with FIS' technology empowering business transactions worldwide.
  • Applications for the FIS Fintech Accelerator 2024 will close on April 30, 2024.

FIS Announces Pricing Terms of its Senior Note Tender Offers

Retrieved on: 
Monday, March 4, 2024
Professional Services, Payments, Technology, Finance, Fintech, Banking, J.P. Morgan & Co., Expiration, MUFG, United States dollar, Settlement date, Wells Fargo, Documentation, Information, FIS, Tender, Offers, Total, 9700, Debt-to-GDP ratio, U.S. Bancorp, System, BofA Securities, Goldman Sachs, Barclays, Telephone, Euro, Citigroup, Security (finance)

The Offers are subject to the satisfaction of certain conditions as described in the Offer to Purchase.

Key Points: 
  • The Offers are subject to the satisfaction of certain conditions as described in the Offer to Purchase.
  • FIS reserves the right, subject to applicable law, to waive any and all conditions to any Offer.
  • King & Co, Inc. will act as the Information and Tender Agent for the Offers.
  • You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

FIS Announces $2.25 Billion Senior Note Tender Offers for Certain Outstanding Senior Notes

Retrieved on: 
Tuesday, February 27, 2024
Technology, Mobile, Wireless, Finance, Banking, Other Technology, Professional Services, Software, Hardware, Data Management, J.P. Morgan & Co., Expiration, MUFG, United States dollar, Rate, Wells Fargo, Documentation, Information, FIS, Tender, 9700, Debt-to-GDP ratio, U.S. Bancorp, System, BofA Securities, Goldman Sachs, Barclays, Telephone, Euro, Acceptance, Citigroup, Security (finance)

Notes may be validly withdrawn at any time at or prior to 5:00 p.m. (Eastern time) on March 4, 2024, unless extended with respect to any Offer.

Key Points: 
  • Notes may be validly withdrawn at any time at or prior to 5:00 p.m. (Eastern time) on March 4, 2024, unless extended with respect to any Offer.
  • Accordingly, Holders should not tender any Notes that they do not wish to be accepted for purchase.
  • FIS reserves the right, subject to applicable law, to waive the Maximum Purchase Condition with respect to any Offer.
  • King & Co, Inc. will act as the Information and Tender Agent for the Offers.

FIS Reports Full-Year 2023 Results, Introduces 2024 Outlook, Raises Future Forward Expectations and Announces $500 Million Increase to Share Repurchase Goal

Retrieved on: 
Monday, February 26, 2024
Data Management, Banking, Technology, Professional Services, Payments, Electronic Commerce, Software, Fintech, Mobile, Wireless, Hardware, Finance, Growth, EPS, Balance sheet, GAAP, FIS, Corporation, EMI, Pharmaceutical industry

Adjusted EBITDA margin expanded by 270 basis points as compared to the prior-year period to 44.2% primarily driven by cost efficiencies.

Key Points: 
  • Adjusted EBITDA margin expanded by 270 basis points as compared to the prior-year period to 44.2% primarily driven by cost efficiencies.
  • Adjusted EBITDA margin contracted by 250 basis points over the prior-year period to 53.2% primarily due to lower contribution from higher margin non-recurring revenue.
  • Fourth quarter revenue decreased by 32% as compared to the prior-year period to $63 million primarily due to the divestitures of non-strategic businesses.
  • In the quarter, the Company returned $815 million of capital to shareholders through $510 million of share repurchases and $305 million of dividends paid.

FIS Widens Access to Open Banking Through Collaboration With Banked

Retrieved on: 
Wednesday, February 14, 2024
Technology, Mobile, Wireless, Payments, Finance, Fintech, Banking, Professional Services, Digital Cash Management, Digital Assets, Software, Friction, Investment, A2A, Growth, Fraud, Digital, FIS, Certification, Partnership, Cryptocurrency

FIS ® (NYSE: FIS), a global leader in financial technology, today announced it has entered a strategic partnership with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers.

Key Points: 
  • FIS ® (NYSE: FIS), a global leader in financial technology, today announced it has entered a strategic partnership with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers.
  • Pay-by-bank solutions simplify payments by combining the benefits of real-time payment rails with the flexibility and efficiency of open banking, where third-party financial service providers have direct access to banking data to complete digital payments.
  • "Our mission at Banked is to make payments better for everyone, and we are excited to join forces with FIS to make that vision a reality," said Brad Goodall, co-founder and CEO of Banked.
  • "Together, we are enabling businesses to leverage the power of open banking and real-time payments to offer their customers a superior payment experience.

FIS Drives Secure Open Banking for Financial Institutions and Consumers

Retrieved on: 
Thursday, February 8, 2024
Mobile, Wireless, Technology, Payments, Finance, Banking, Other Technology, Professional Services, Software, Hardware, Data Management, GM, Open banking, Consumer, API, FIS, Akoya, CFPB, Digital Solutions, FDX, Plaid

Global financial technology leader FIS ® (NYSE: FIS) has today announced another milestone in its drive to make secure open banking more accessible to its clients and their customers.

Key Points: 
  • Global financial technology leader FIS ® (NYSE: FIS) has today announced another milestone in its drive to make secure open banking more accessible to its clients and their customers.
  • Agreements are in place with leading data networks including Akoya, Envestnet | Yodlee, MX and Plaid to integrate into FIS’ Open Access platform, an innovative new open banking solution, that enables consumers to securely and seamlessly share their financial information with a greater number of third-party financial apps and services of their choice.
  • The shift to Open Banking is accelerating , and last year the Consumer Financial Protection Bureau (CFPB) proposed a Personal Financial Data Rights rule establishing consistent industry standards for consumer data access and protection.
  • FIS’ Open Access platform provides consumers with the ability to access and share their financial data in a secure, stream-lined and controlled manner.

FIS Completes Sale of Majority Stake of Worldpay to GTCR

Retrieved on: 
Thursday, February 1, 2024
Mobile, Wireless, Technology, Payments, Finance, Banking, Other Technology, Professional Services, Software, Hardware, Data Management, Partnership, Growth, GTCR, FIS, Sale, Independent, Management

We will maintain a meaningful minority stake in Worldpay and participate on the Worldpay Board, allowing us to benefit from continued growth in its business.

Key Points: 
  • We will maintain a meaningful minority stake in Worldpay and participate on the Worldpay Board, allowing us to benefit from continued growth in its business.
  • FIS will retain a 45% non-controlling equity stake in Worldpay as of the closing.
  • Jeffrey A. Goldstein, Independent Chairman of the FIS Board, said, “We are grateful to Vijay and Louise for their contributions throughout their service on the FIS Board.
  • Their participation on the Worldpay Board adds significant payments expertise and will serve as an important bridge in our continued commercial partnership.”