FIS, a global financial technology company, has completed its acquisition of Global Payments’ Issuer Solutions business, formerly known as TSYS, for an enterprise value of $13.5 billion. The net purchase price, inclusive of $1.5 billion in net present value of tax assets, totaled $12 billion. This strategic move sees the acquired offerings, recognized as the world’s largest issuing business, integrated into the FIS® Total Issuing™ Solutions portfolio.
Simultaneously with the acquisition, FIS finalized the sale of its remaining minority stake in Worldpay back to Global Payments. The completion of the acquisition occurred ahead of schedule.
Stephanie Ferris, Chief Executive Officer and President of FIS, stated, “We are pleased to have closed this strategic acquisition ahead of schedule, enabling us to start 2026 in a strong position to deliver greater value to our financial institution and corporate clients. We’re looking forward to capitalizing on the unique opportunities this acquisition brings to our Banking and Payments business and building momentum through the year.”
The integration is expected to offer significant value to both clients and investors. FIS Total Issuing Solutions holds a leadership position in global credit processing, serving clients in over 75 countries and processing more than 40 billion transactions annually. The portfolio maintains commercial partnerships with over 150 financial institutions and corporates.
This acquisition grants FIS access to a comprehensive data set across consumer and commercial card portfolios, facilitating a data intelligence engine. This scale provides the data richness and processing power necessary to train and deploy AI models for business value, including a new offering recently showcased by FIS.
Furthermore, the combined portfolio is highly complementary to FIS’ existing banking and payments business. It enhances FIS’ offerings with a strong product suite in credit processing, fraud prevention, loyalty programs, and other value-added services. This complements FIS’ current portfolio, which includes debit processing, network services, payments processing, loyalty solutions, and accounts payable and accounts receivable banking services, creating an end-to-end solution for financial institutions and corporations.
The acquisition is projected to significantly expand the market opportunity for FIS’ Banking segment by enabling access to a global issuer market estimated at $28 billion. Financially, it is expected to strengthen FIS’ profile, generating an additional $500 million in incremental Adjusted Free Cash Flow by 2026 and $700 million by 2028, alongside robust revenue and cost synergies.
FIS is a financial technology company headquartered in Jacksonville, Florida, providing solutions to financial institutions, businesses, and developers globally. The company focuses on advancing payment, banking, and investment processes for its clients. FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index.
