John Adams is executive editor of payments for American Banker.
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Given the size of the deal — which includes about $9 billion of Worldpay’s debt on top of a $34 billion bid — the pressure’s on to build a global powerhouse that can counter other major fintech mergers announced in the past weeks. FIS must also emerge as a nimble rival to the startups that threaten the old order.
By John AdamsMarch 18 -
The information you need to start your day, from PaymentsSource and around the Web. Today: FIS agrees to Worldpay deal; E-commerce sites hit with malware; Apple launches ad campaign; Reporter demos payment chip.
By John AdamsMarch 18 -
The financial services technology company FIS has agreed to buy Worldpay. The deal is valued at $43 billion and will allow FIS to counter the transaction processing scale Fiserv received when it acquired First Data this year. The merger price is based on a $34 billion bid plus $9 billion of Worldpay's debt.
By John AdamsMarch 18 -
Our annual Most Influential Women in Payments feature, now in its seventh year, highlights the women who are creating change and opportunities in the payments industry. For the first time, the editors of PaymentsSource have also recognized one woman for lifetime achievement.
By Daniel WolfeMarch 12 -
First Data’s transformation over the past few years has involved much more than transaction automation, and has relied heavily on the creativity and ingenuity of executives such as Mia Shernoff.
By John AdamsMarch 12 -
A good way to gauge the future is to watch where technology money goes, and that makes Janet Bannister one of fintech’s best barometers.
By John AdamsMarch 12 -
Kikelomo Lawal, chief legal officer and corporate secretary for Interac Corp., has helped to drive a seismic shift in how Interac works, which means an evolution of how payments happen for Canadians.
By John AdamsMarch 12 -
Women are being driven from high-technology jobs by lingering male-dominated culture, and Christine Lee is calling on colleagues with high-profile positions to take responsibility for changing that.
By John AdamsMarch 12 -
Jenifer Swallow has been here before, feeling the excitement of being in in an industry that was about to change commerce forever.
By John AdamsMarch 12 -
Whenever Facebook adds something that more closely ties its network to shopping, service or payments, it has an immediate ripple effect. And Marketplace is becoming a major part of Facebook’s influence.
By John AdamsMarch 12