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What the FIS-Worldpay deal means for banks

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, which is headquartered in Jacksonville, Fla., provides retail and institutional banking, payments, asset and wealth management, risk and compliance, and outsourcing solutions in 130 countries.

Worldpay is a U.K.-based merchant acquirer that provides payment technology to merchants, businesses and financial institutions around the world, with a focus on e-commerce and omnicommerce.

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