FIS, one of the largest payments and software providers to financial institutions, is reinvigorating its acquisition strategy with a $1 billion budget focused on smaller, complementary assets to enhance its banking and capital markets operations, with any unused funds potentially being returned to shareholders. This follows the sale of its majority stake in Worldpay to GTCR (FIS still retains a 45% share of Worldpay). Additionally, FIS is ramping up its Premium Payback loyalty program, enabling customers to use rewards points at points of sale, as part of a broader push to strengthen loyalty solutions for its bank clients.
FIS Restarts Its M&A Engine, Looks for Worldpay Stake for a Payoff
