FIS

FIS-Worldpay's impact, OCC's Wells Fargo rebuke, lifetime banker bans: Top stories of the week

03/22/19

What the FIS-Worldpay deal means for banks; behind the OCC's public rebuke of Wells Fargo; ripple effect feared as Fed mulls lifetime bans for two bankers; and more from this week's most-read stories.

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'Friendly fraud' is on the rise. Are banks complicit?

03/19/19

Reports of improper charges by perpetrators who know the victim soared last year. Issuers and card networks are failing to tighten security, clearly label transactions and police chargebacks, critics say.

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What the FIS-Worldpay deal means for banks

03/18/19

The companies could bring something new, such as merchant acquiring to community banks, but their merger could also cause anxiety about giant vendors.

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5 key takeaways from the FIS-Worldpay deal

03/18/19

Given the size of the deal — which includes about $9 billion of Worldpay’s debt on top of a $34 billion bid — the pressure’s on to build a global powerhouse that can counter other major fintech mergers announced in the past weeks. FIS must also emerge as a nimble rival to the startups that threaten the old order.

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FIS buys Worldpay; Is it time for resurgence of community banks?

03/18/19

The $35 billion deal could create "a global payments giant"; with the number of community banks dropping as low as 5,477, it may be time for new ones.

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FIS in $43 billion deal for Worldpay as fintech consolidation ramps up

03/18/19

Financial services technology company FIS has agreed to buy Worldpay in a deal valued at $43 billion, which allows FIS to counter the transaction processing scale Fiserv received when it acquired First Data earlier in 2019. The merger price is based on a $34 billion bid plus $9 billion of Worldpay's debt.

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Acquisition provides mortgage lender entree into digital banking

03/14/19

Gateway Mortgage Group says its launch of a digital-only bank is scheduled for this summer.

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Can core providers and small banks settle grievances in 2019?

12/28/18

Both sides acknowledge where expectations haven't been met, and are feeling the same market pressures to adapt faster.

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Tech vendor fixes problem that held up prepaid cardholders' paychecks

10/17/18

Customer furor stemmed from troubles FIS had processing payments for MetaBank, the issuer of Netspend and other prepaid debit cards.

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Few answers for Netspend customers unable to access paychecks

10/16/18

Neither the prepaid issuer nor its bank partner can say when cardholders — many living paycheck to paycheck — will receive their funds.

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