What to Expect from FIS? Worldpay Deal Is the Beginning!

Tuesday, April 16th, 2019

Fidelity National Information Services Inc. (FIS) has recently entered into a $35.5-billion deal to acquire Worldpay Inc. This has been the biggest deal ever in the international payments space. It came after Fiserv Inc.’s agreement in January 2019 to pay $22 billion for First Data Corp. If you want to know more about the Worldpay deal and discover a unique payment expert, just read below.

Mergers and Acquisitions in Payments

The recent mergers in the payments field are just the beginning. Let’s see what Gilles Ubaghs, a senior analyst at Aite Group, a leading independent research and advisory firm, says in this concern. Well, Ubghas thinks that, beyond any doubt, such major payment deals help these players to provide automation in corporate payments.

Nowadays, check processing is responsible for over half of B2B transactions. Data by FIS speaks of the complexity of business payments that usually have to do with thousands of suppliers for the majority of companies, which could be streamlined with the help of dashboards, APIs, and digital faster payments.

FIS is focused on the software behind payments for retail and banking and is going to rely on open development and advocacy aimed at faster payments via the ACH rails to improve digital B2B. What’s more, FIS is working on its business payments strategy through API.

Overall, switching to digital payments will accelerate the creation of larger amounts of data, thus bringing a positive impact on the argument for B2B automation.

The reality is that the biggest payments companies such as Worldpay, Chase Paymentech, and First Data, account for nearly $1 trillion annually each. Their Dutch rival Adyen NV, which is a fast-froing firm, helps customers handle transfers in multiple currencies and payment types as compared to the competitors in the space.

Worldpay Deal and Not Only

Increasingly, corporates and smaller businesses are looking for more ways to boost data integration and efficiency across their back office systems. Here, payment processing is a key factor for that, as Ubaghs mentions. Ubaghs further notes that a one-stop-shop scenario from the big players with a growing interest in cloud delivery will be quite appropriate for this.

In reality, consumer shopping preferences go on changing. What they’re looking for is to put their own touch on products, cut wait times, and avoid trips to stores. Given all these changes in the industry, it’s too important to never fall behind. For this, you need to use the latest payment processing solutions in the industry.

This can easily be done if you work with a true payment expert like Best Payment Providers in the UK that’s dedicated to helping merchants find the best merchant services by providing the most honest snapshot of payment processors at the time of writing. By the way, consultation and advice are free.

On a side note, Cache Creek Industries and Rockmont Capital Partners are going to acquire Automated Business Power. The latter is making communication and power systems for the military sector.

To sum up, dealmaking is speeding up. As payments companies are acquiring their rivals to gain market share, investors are wondering which companies might be the next. So, work only with a reputable payments comparison company to get the best for your business.