Fidelity National Information Services
Corporate brand
UnclaimedA global financial-technology company providing banking, payments, capital-markets, and wealth-management infrastructure.
Last updated August 21, 2026
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Overview
Fidelity National Information Services, commonly known as FIS, is a United States-based financial-technology company whose platforms support the operating infrastructure of banks, credit unions, investment firms, merchants, and other financial-services organizations. Its business has historically covered core banking systems, transaction processing, payment services, card and issuer processing, wealth-management technology, capital-markets software, risk and compliance tools, and digital banking capabilities. Rather than operating primarily as a consumer-facing financial brand, FIS generally supplies the technology and processing layer used by financial institutions and enterprises. The company traces its origins to Systematics, founded in Little Rock in 1968. Systematics became associated with ALLTEL Information Services, where its financial-services activities were developed as a major banking-technology operation. Fidelity National Financial acquired the division in 2003 and renamed it Fidelity Information Services, later shortened to FIS. The company expanded through a long series of acquisitions, including Certegy, eFunds, Metavante, SunGard, and Worldpay. These transactions broadened FIS from a provider of bank-processing software into a diversified financial-infrastructure group spanning institutional finance, retail banking, payments, and merchant services. The 2006 combination with Certegy and the 2009 acquisition of Metavante strengthened FIS's position in payments, banking software, and related processing. The purchase of SunGard in 2015 added substantial capital-markets, investment-management, and enterprise-software capabilities. In 2019, FIS acquired Worldpay in a transaction reported at approximately $43 billion. Worldpay materially increased FIS's merchant-acquiring and global payments scale and made the combined company one of the largest payment-processing businesses worldwide. FIS subsequently reassessed the structure of its payments portfolio. Discussions concerning a proposed combination with Global Payments were halted in 2020. Under pressure from activist investors and amid strategic concerns surrounding the merchant business, FIS announced in 2023 that it would separate Worldpay. It agreed to sell a majority stake in Worldpay Merchant Solutions to GTCR, with the transaction completed in February 2024. FIS retained commercial relationships with Worldpay while concentrating more directly on its banking, capital-markets, and related financial-technology activities. The company serves clients in many countries and processes very large volumes of financial transactions, although exact operating metrics vary by reporting period. Its product portfolio includes core banking applications such as Profile, payment and card-processing systems, digital banking tools, wealth and retirement platforms, and software for investment banking and capital markets. FIS is therefore best understood as business-to-business financial infrastructure: its technology is often embedded in the services that customers receive from banks, payment providers, and investment organizations. FIS remains publicly traded on the New York Stock Exchange under the symbol FIS. Its history reflects the consolidation of financial-technology providers, in which specialized banking, payments, and capital-markets businesses were combined into broader platforms. At the same time, the Worldpay divestiture demonstrated the limits of a highly diversified model and the continuing importance of strategic focus, operating efficiency, and separation of merchant acquiring from bank-technology services.
History
FIS began in 1968 as Systematics, a Little Rock-based provider of data-processing and software services for financial institutions. Its early business focused on the growing need for banks to automate account processing, transaction records, and other back-office functions. Systematics later became part of ALLTEL Information Services, where its financial-services activities continued to develop as a specialized banking-technology division. In 2003, Fidelity National Financial acquired the ALLTEL financial-services division and renamed it Fidelity Information Services. The transaction established the corporate foundation of the modern FIS brand. During the following years, FIS used acquisitions to extend its capabilities across banking, payments, wealth management, and financial software. Its purchases included WebTone Technologies, Sanchez Computer Associates, Aurum Technology, BankWare, InterCept, and Kordoba. The 2006 merger with Certegy added important payment and consumer-finance processing operations, while the acquisition of eFunds in 2007 expanded prepaid, electronic-payment, and related technology services. FIS acquired Metavante in 2009, strengthening its position in core banking, payment processing, and financial-institution software. It also purchased Capco in 2010, adding consulting and technology services for financial institutions. Further transactions during the 2010s included Pronet Solutions, mFoundry, Reliance Trust Company, Clear2Pay, and other specialized businesses. The acquisition of SunGard in 2015 was a major expansion into capital-markets, investment-management, asset-servicing, and enterprise financial software. The most consequential transaction in the company's history was the 2019 acquisition of Worldpay. The deal brought a large merchant-acquiring and payment-processing operation into FIS and created a group with extensive reach across both financial institutions and merchants. The combination increased FIS's scale, but it also created a more complex portfolio with different operating models and strategic priorities. In 2020, FIS and Global Payments explored a proposed combination, but discussions ended without a transaction. FIS later faced pressure from activist investors to improve performance and reconsider the structure of its merchant business. In February 2023, the company announced that it would spin off or separate Worldpay Merchant Solutions. In July 2023, it agreed to sell a 55 percent interest in Worldpay to GTCR. The transaction was completed on February 1, 2024, leaving FIS with commercial agreements and a strategic go-to-market relationship with Worldpay while returning the company to a more focused financial-institution technology profile. FIS's product history includes both proprietary applications and infrastructure used by financial institutions at large scale. Profile, based on the GT.M transaction-processing database environment maintained by FIS, is one example of its core banking technology. Other activities have included digital banking, issuer processing, payment networks and services, wealth-management platforms, capital-markets systems, and compliance and risk tools. The company has also experienced operational and security controversies. In 2007, a data theft involving Certegy Check Services exposed millions of consumer records and resulted in litigation. In 2011, an attack involving stolen prepaid cards led to substantial unauthorized ATM withdrawals from a client-related program. These incidents illustrate the security and privacy risks inherent in processing sensitive financial information. In 2025, FIS reported a power outage associated with technical disruption at multiple banking clients, underscoring the dependence of financial institutions on resilient technology infrastructure. Today, FIS is a publicly traded financial-technology company headquartered in Jacksonville, Florida. Its identity is primarily enterprise-facing: it supplies the systems, processing capacity, and software that help financial institutions manage accounts, payments, investments, and regulatory obligations. Its post-Worldpay strategy places greater emphasis on banking, capital markets, wealth, and related institutional technology while maintaining commercial links with the separately controlled Worldpay business.
- 2024
Majority Worldpay stake is sold to GTCR
[1]FIS completes the sale of a majority stake in Worldpay Merchant Solutions while retaining commercial relationships.
- 2023
Worldpay separation is announced
[1]FIS announces plans to separate its merchant business and refocus on financial-institution technology.
- 2019
Worldpay is acquired
[1]FIS acquires Worldpay in a transaction reported at approximately $43 billion, becoming a major global payments and merchant-processing group.
- 2015
SunGard is acquired
[1]The approximately $9.1 billion acquisition expands FIS into capital markets, investment management, and financial enterprise software.
- 2009
Metavante is acquired
[1]FIS acquires Metavante in a stock transaction valued at approximately $2.94 billion, strengthening banking software and processing.
- 2007
eFunds is acquired
[1]The approximately $1.8 billion cash acquisition adds prepaid, electronic-payment, and related processing capabilities.
- 2006
Combination with Certegy
[1]FIS combines with Certegy, broadening its presence in payment and financial-processing services.
- 2003
Fidelity National Financial acquires the financial-services division of ALLTEL
[1]The division is acquired for approximately $1.05 billion and renamed Fidelity Information Services.
- 1968
Systematics is founded
[1]Systematics is established in Little Rock as a financial data-processing and banking-technology company.
Products and positioning
Enterprise financial-technology infrastructure provider for banks, credit unions, investment firms, merchants, and other financial institutions.
Core banking
FIS Profile
Profile is a core banking application used to support account administration, transaction processing, and related banking operations. It is associated with the GT.M transaction-processing database environment maintained by FIS and reflects the company's long-standing role in providing foundational systems rather than only customer-facing applications.
Banking software
FIS Core Banking Platforms
FIS's core banking portfolio provides systems for deposit accounts, lending, payments, customer records, transaction processing, and operational workflows. These platforms are designed for banks and credit unions that require high-volume, integrated processing across branches, digital channels, and back-office functions.
Payments
FIS Payment Processing
FIS payment services support transaction routing, card and issuer processing, electronic payments, and related operational functions. The business historically included merchant services through Worldpay, although the majority Worldpay merchant operation was separated from FIS in 2024.
Wealth management
FIS Wealth and Investment Technology
This group covers platforms and services for wealth managers, investment firms, asset managers, and institutional financial organizations. Capabilities may include portfolio administration, reporting, account servicing, trading support, and technology for investment operations.
Capital markets
FIS Capital Markets Solutions
FIS provides software and processing services for investment banking, trading, securities operations, treasury, risk, and other capital-markets activities. The portfolio was materially expanded through the acquisition of SunGard and other specialist technology businesses.
Controversies
2011
eFunds prepaid-card ATM attack
Hackers used 22 stolen prepaid cards associated with one FIS client to withdraw approximately $13 million from ATMs. The incident involved FIS's eFunds Prepaid Solutions operations.
2007
Certegy consumer-record theft
A worker connected with a Certegy Check Services subsidiary stole consumer records containing financial and payment information. Public estimates rose from roughly 2.3 million to approximately 8.5 million records, and a class-action lawsuit was filed against Certegy and FIS.
Brand decisions
2023
Separate the Worldpay merchant businessStrategyBackground
Activist-investor pressure and concerns about the complexity and performance of the combined portfolio encouraged FIS to reconsider its merchant-services structure.
Action taken
FIS announced that it would spin off or otherwise separate Worldpay Merchant Solutions.
Aftermath
FIS agreed to sell a majority stake to GTCR and completed the transaction in February 2024, retaining commercial links with Worldpay.
2020
End proposed Global Payments combinationM&ABackground
FIS and Global Payments explored a combination that would have created a very large financial-technology and payments enterprise.
Action taken
The companies halted merger discussions in December 2020.
Aftermath
FIS continued operating independently and later pursued a separation of Worldpay Merchant Solutions.
2019
Acquire WorldpayM&ABackground
FIS sought to expand from bank and institutional technology into large-scale merchant acquiring and global payments.
Action taken
FIS acquired Worldpay in a transaction reported at approximately $43 billion.
Aftermath
The combination substantially increased FIS's payments scale but later led to strategic reconsideration and the separation of the merchant business.
Recent events
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