FIS to Buy Clear2Pay

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

FIS, a banking technology and consulting company, has agreed to buy Clear2Pay, a payment processor, for approximately $493 million.

The acquisition is expected to close in the fourth quarter. It would expand FIS' payment offerings and strengthen its presence in Europe, FIS said in a Sept. 3 press release.

"This strategic acquisition demonstrates our commitment to delivering the technologies and assets that will enable our clients, especially large and global institutions, to realize a truly modern payments environment," said Gary Norcross, president and chief executive of FIS, in the release.

FIS' other payments-related acquisitions include its 2013 purchase of mFoundry and its 2009 purchase of Metavante. FIS is based in Jacksonville, Fla. Clear2Pay has its headquarters in Brussels, Belgium.

JOIN THE DISCUSSION

SEE MORE IN

'Dodd-Frank Is Like the TSA': Comments of the Week
American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and from our social media platforms.

(Image: iStock)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.