Welcome to our dedicated page for Fidelity Natl Information Svcs news (Ticker: FIS), a resource for investors and traders seeking the latest updates and insights on Fidelity Natl Information Svcs stock.
The FIS (Fidelity National Information Services, Inc.) news page on Stock Titan aggregates company announcements, research insights and regulatory disclosures related to this NYSE-listed financial technology provider. FIS describes itself as a global leader in financial technology, offering solutions to financial institutions, businesses and developers across the money lifecycle, including payments, banking, issuer processing, treasury, risk and lending.
Recent news highlights FIS’s focus on AI-enabled financial services and large-scale transaction processing. The company has launched an agentic commerce offering that allows banks to safely and securely conduct commerce with AI agents and card networks, in collaboration with Mastercard and Visa. Other updates cover the completion of FIS’s acquisition of Global Payments’ Issuer Solutions business, the sale of its remaining minority stake in Worldpay, and the positioning of FIS Total Issuing Solutions as a global market leader in credit processing.
Investors and industry followers can also find updates on FIS’s core banking platforms such as HORIZON and Integrated Banking Solution (IBS), enhancements to its Asset Finance solution for auto and equipment lending, and the availability of GETPAID and Treasury Risk Manager Integrity Edition on the Microsoft Marketplace. In addition, FIS regularly publishes research on topics like consumer trust in AI and the role of banks in stablecoin adoption, providing context on how emerging technologies intersect with financial services.
By monitoring this page, readers can track developments in FIS’s product portfolio, strategic transactions, AI initiatives and thought leadership, as well as gain insight into how the company positions itself within the broader financial technology landscape.
The Global Payments Report from FIS highlights significant shifts in payment preferences due to the pandemic. Mobile wallets surpassed cash for the first time in 2020, with cash use dropping to 20% of in-store payments globally. eCommerce spending surged 19% to $4.6 trillion, with projections of $7.3 trillion by 2024. Digital wallets are expected to account for over half of eCommerce transactions by the same year. The report emphasizes the need for businesses to adapt to these changing consumer behaviors to capitalize on growth opportunities.
Fidelity National Information Services (FIS) announced the pricing of a multi-tranche offering of senior notes totaling $5.25 billion. The notes include various maturities with interest rates ranging from 0.375% to 3.100%. FIS plans to use the net proceeds for purchasing outstanding senior notes and general corporate purposes, including refinancing debt and repaying borrowings. The offering is expected to close on March 2, 2021, pending customary conditions.
Fidelity National Information Services (FIS) announced plans for a multi-tranche offering of senior notes in U.S. dollars. The net proceeds will first be used to purchase certain outstanding senior notes through cash tender offers. Remaining funds are earmarked for general corporate purposes, potentially refinancing debt maturities or repaying borrowings. FIS may temporarily invest unallocated funds in investment-grade securities or money-market accounts. J.P. Morgan, Barclays, Goldman Sachs, Citigroup, and U.S. Bancorp are joint book-running managers for this offering.
Fidelity National Information Services (FIS) is initiating tender offers for its outstanding senior notes. The offers include:
- Any and all outstanding notes totaling approximately €500 million and $700 million.
- Up to $500 million in repurchases of selected notes, including 4.250% Senior Notes due 2028.
The Expiration Dates for the offers are March 2, 2021, for the Any and All Tender Offer and March 22, 2021, for the Maximum Tender Offer. The Total Consideration for accepted Securities will be determined based on a fixed spread plus the applicable yield to maturity.
FIS (NYSE: FIS) will present at several upcoming financial conferences, including the KBW Fintech Payments Conference on February 25, 2021, at 1:00 PM EST, the Evercore ISI Payments & Fintech Innovators Forum on March 4, 2021, at 3:30 PM EST, and the Wolfe Research Virtual Fintech Forum on March 9, 2021, at 11:20 AM EST.
Live audio webcasts and replays will be available on the Investor Relations section of FIS's website. FIS is a global leader in financial technology, enhancing payment, banking, and investment services.
FIS (NYSE: FIS) is calling for submissions for the 2021 Impact Awards, recognizing innovative use of their technology by clients to enhance services and drive business results. For each winning entry, FIS will donate $10,000 to a charity of the winner's choice, contributing to nearly $400,000 donated since the program's inception. Eligible participants include banks, credit unions, and for the first time, merchants served by FIS from the U.S., U.K., Germany, and France. Submissions close on April 14, with winners recognized at a virtual event later this year.
FIS has opened applications for the 2021 FIS Fintech Accelerator program, aimed at aiding high-potential growth-stage fintech startups. In collaboration with The Venture Center and Arkansas, the program is now in its sixth year and emphasizes inclusivity, welcoming startups run by women and minorities. Ten selected companies will receive monetary investments and the chance to showcase their innovations at the 2021 FIS Demo Day. The virtual program will run from June 7, following a preparatory four-week incubator, and aims to address the increasing demand for digital financial solutions due to the pandemic.
FIS (NYSE:FIS) reported its fourth quarter 2020 results, revealing a consolidated revenue decrease of 1% to $3,316 million, primarily due to COVID-19-related consumer spending trends. Net earnings for the quarter were $103 million, translating to $0.16 per diluted share. Positive adjustments included a 60 basis point increase in adjusted EBITDA margin to 45.2%, attributed to cost synergies from the Worldpay acquisition. For full-year 2020, revenue increased 21% to $12,552 million, largely from the Worldpay acquisition. However, net earnings were down to $158 million, with organic revenue decreasing by 1%.
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