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.
FIS has been selected by the National Rural Utilities Cooperative Finance Corporation (CFC) to enhance its loan origination and management platform. This partnership aims to consolidate CFC's existing loans systems using FIS' Commercial Lending Suite, which includes solutions for Commercial Loan Origination and Commercial Loan Servicing (ACBS). CFC, a nonprofit organization, provides financing to electric cooperatives across the U.S. This collaboration is set to streamline CFC's lending processes and improve service delivery to its members.
FIS has announced that its Chairman, President, and CEO, Gary Norcross, has been awarded the 2020 Corporate Citizenship Award from the Committee for Economic Development. This award recognizes leadership in corporate responsibility, reflecting FIS's commitment to societal issues such as economic growth and sustainability. Norcross is one of six corporate leaders honored at the virtual event. The award acknowledges FIS’s ongoing initiatives to enhance business practices positively impacting communities worldwide.
FIS has partnered with Brazilian fintech Afinz to provide processing services for its private-label credit card portfolio. Afinz, formerly Sorocred, aims to enhance its operations and support growth by outsourcing card processing to FIS. The migration to FIS's advanced credit card processing platform was completed in early September, improving operational efficiency. This long-term agreement also includes services for a new co-branded credit card with Visa, indicating Afinz's commitment to expand its offerings in the Brazilian market.
FIS announced a quarterly dividend of $0.35 per common share, payable on December 28, 2020, to shareholders on record as of December 14, 2020. This action reflects FIS's commitment to returning value to shareholders while maintaining a robust financial position in the financial services technology sector.
FIS has added Walgreens to its Premium Payback network, enabling customers to redeem credit card rewards in real-time for in-store purchases. The integration allows Walgreens shoppers to utilize loyalty points during transactions, enhancing customer value. This service comes amid a growing list of participating merchants, including Paypal and Shell, and is supported by over 7,000 card loyalty programs, representing approximately 37 million eligible cardholders. The initiative is designed to drive customer loyalty and shopping frequency at Walgreens.
FIS has expanded its operations in Latin America by acquiring domestic card scheme licenses in Argentina. This move allows local merchants to process payments in-country using Worldpay’s extensive merchant solutions. As the largest global acquirer in Argentina, Worldpay will capitalize on the rapid growth of eCommerce, projected to double by 2023, especially in mobile sales. This expansion enhances international market access for Argentine consumers and positions FIS favorably in a rapidly evolving digital payment landscape.
FIS recently held its fifth annual Demo Day, where ten fintech startups showcased their innovations to potential investors and leaders. This year marked a shift to an online format due to the pandemic, and the traditional 12-week program was extended by six weeks for enhanced mentoring. TrustStamp gained recognition as the 'Audience Choice' for its identity verification technology. Governor Asa Hutchinson and FIS CEO Gary Norcross announced the program's continuation into 2021, highlighting its role in fostering fintech growth in Arkansas.
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FIS will announce its third quarter 2020 financial results on October 29, 2020, before the market opens. A live webcast for the earnings conference call will begin at 9:00 a.m. EST on the same day and will be available for replay afterwards. FIS, a leader in financial services technology, is dedicated to enhancing how the world pays, banks, and invests. The company operates globally with over 55,000 employees, utilizing data-driven insights to deliver superior customer experiences.
New research by FIS reveals a significant acceleration in the adoption of real-time payments amid the COVID-19 pandemic. Key findings from the 2020 Flavors of Fast report show remarkable growth in real-time payment transactions globally, with countries like Bahrain and Ghana seeing increases over 400%. The US has over 130 financial institutions implementing such systems, reflecting a five-fold growth since 2019. Additionally, the report indicates a shift towards broader capabilities beyond instant payments, including cross-border transactions and business payments.