American Banker: What the FIS-Worldpay deal means for banks
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18 March 2019
The bank software and payment technology provider FIS announced Monday its agreement to acquire the payments company Worldpay for $35 billion. What will the impact be on FIS’ U.S. bank customers?
“FIS and Worldpay executives talked about synergies in offering innovations such as ‘loyalty-as-currency’ solutions, enhanced fraud management, B-to-B and other solutions,” said Zil Bareisis, senior analyst at Celent. “Also, as open banking and faster payments grow, the ability to offer end-to-end solutions from merchants to account funding irrespective of payment rails will be increasingly important.”
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Industry or Business Focus
Banking, Retail Banking