Fintech company FIS (NYSE:FIS) today announced the completion of its acquisition of Global Payments’ Issuer Solutions business, formerly known as TSYS, for an enterprise value of $13.5 billion, or a net purchase price of $12 billion including $1.5 billion of net present value of tax assets.

Offerings from this asset, the world’s largest issuing business, will now go to market under the FIS® Total Issuing™ Solutions portfolio brand.

FIS simultaneously completed the sale of its remaining minority stake in Worldpay to Global Payments.

“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,” said Stephanie Ferris, Chief Executive Officer and President of FIS. “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.”

With this acquisition, FIS now processes the most comprehensive data set across consumer and commercial card portfolios, creating a data intelligence engine that few in financial services can match. This scale provides the data richness and processing power required to train and deploy AI models that deliver genuine business value, including a new offering FIS showcased today in a separate announcement.

In addition, this portfolio:

• Is highly complementary to FIS’ banking and payments business by adding a strong product suite in credit processing, fraud, loyalty and other value-added services to FIS’ portfolio of debit processing, network services, payments processing, loyalty solutions and accounts payable and accounts receivable banking services, creating a best-in-class end-to-end offering for financial institutions and corporates.
• Significantly expands market opportunity for FIS’ Banking segment by enabling FIS to tap into a global issuer market opportunity of $28 billion.
• Strengthens FIS’ financial profile including generating an expected additional $500 million in incremental Adjusted Free Cash Flow in 2026 and $700 million by 2028.
• Delivers robust revenue and cost synergies.