Stephanie Ferris

1 week ago | ffnews.com | Lauren Towner |Stephanie Ferris

FIS® (NYSE: FIS), (the “Company”) a global leader in financial technology, today announced it has entered into a definitive agreement to acquire 100% of Global Payments’ (NYSE: GPN) Issuer Solutions business for an enterprise value of $13.5 billion, or a net purchase price of $12 billion including $1.5 billion of anticipated net present value of tax assets. Concurrently, FIS has entered into a definitive agreement to sell its stake in Worldpay to Global Payments for $6.6 billion in pre-tax value.

Feb 26, 2024 | ffnews.com | Stephanie Ferris

FIS (NYSE:FIS), a global leader in financial services technology, today reported its fourth quarter and full-year 2023 results. “Our 2023 results and our 2024 outlook reflect the continued positive momentum of the business as we delivered on our financial commitments for the fourth consecutive quarter and successfully closed the Worldpay transaction,” said FIS CEO and President Stephanie Ferris.

Feb 1, 2024 | ffnews.com | Lauren Towner |Charles Drucker |Stephanie Ferris

Worldpay, LLC, (the “Company”), a global industry leader in payments technology and solutions, announced today that it has closed upon its previously announced sale and will now operate as an independent company. The Company will be overseen by leading private equity firm GTCR, with a 55% majority ownership interest, while FIS® (NYSE: FIS), a global leader in financial services technology, will retain a 45% ownership interest.

Sep 26, 2023 | ffnews.com | Katy Garnham |Ali Ghodsi |Zach Anderson Pettet |Stephanie Ferris

Money20/20, the world’s leading fintech show, and the place where money does business, is thrilled to announce Ali Ghodsi, the esteemed Co-Founder and CEO of Databricks, as a keynote speaker at this year’s show in Las Vegas. Databricks recently announced they secured more than $500 million USD in a funding round that values the company at $43 billion USD, marking one of the biggest funding events for private tech companies this year.

Feb 13, 2023 | dispatchist.com | Stephanie Ferris

FIS’ merchant business will operate as Worldpay once the spinoff is completed.Photograph by Jason Alden/Bloomberg Payments giant Fidelity National Information Services said Monday it plans to spin off its merchant business, essentially undoing its $43 billion acquisition of Worldpay in 2019.” They said that the merchant business was currently being valued at “only” around $5 billion by the market and the spinoff should “create significant shareholder value.FIS (ticker: FIS) said it expects...