Fidelity National Information Services Inc., or FIS, announced a $13.5 billion agreement April 17 to buy the credit processing business of Global Payments Inc.
At the same time, Jacksonville-based FIS will sell its 45% stake in payments processing company Worldpay to Global Payments for $6.6 billion.
FIS had sold 55% of Worldpay to private equity firm GTCR in February 2024. Atlanta-based Global Payments also is buying GTCR’s majority interest in Worldpay.
FIS said Global Payments Issuer Solutions processes more than 40 billion transactions annually with clients in 75 countries.
That business produced $2.5 billion in revenue last year, according to Global Payments. Financial technology company FIS had $10.1 billion in 2024 revenue.
Stephanie Ferris
“The acquisition of Issuer Solutions is a strategic and accretive transaction that will expand FIS’ payment product suite and deepen our relationships with financial institutions and corporate clients,” FIS Chief Executive Stephanie Ferris said in a news release.
“Issuer Solutions’ globally scaled credit processing capabilities are highly complementary to FIS’ established debit processing capabilities, strengthening our broader banking and capital markets offering,” she said.
FIS said the net purchase price is $12 billion and the expected net present value of tax assets makes the total value of the deal $13.5 billion.
The company will fund the acquisition through a combination of $8 billion in new borrowings and proceeds from the sale of its stake in Worldpay.
“We are pleased to fully monetize our Worldpay stake at an attractive valuation,” Ferris said.
“The transaction enhances FIS’ financial profile and replaces our non-cash generating minority stake in Worldpay with a growing stream of recurring high-margin revenues and cash flows.”
FIS said the deal is expected to be completed in the first half of 2026.
“The acquisition of Worldpay and divestiture of Issuer Solutions further will sharpen our strategic focus and simplify Global Payments as a pure play merchant solutions business with significantly expanded capabilities, extensive scale, greater market access and an enhanced financial profile,” Global Payments CEO Cameron Bready said in a news release.
