The FIS-Worldpay Merger: Creating a Global Powerhouse in the Payments Industry

The Payments industry consisted of acquirers/processors, card networks, issuers, gateways, and independent selling organizations/member service providers (ISOs/MSPs). Citi, Worldpay, Adyen, FIS, Fiserv, and FDC were the key players in the Payments industry ecosystem and they provided a variety of products and services to financial institutions and other businesses (Refer to Exhibit I). These included biller solutions point of sale (POS) platform, eCommerce services, loan processing system, ATM solutions, credit risk management system, network solutions, portfolio management, and trading solutions...