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The tech company has taken World Wire, its blockchain-based cross-border payments network, live in 72 countries.

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.

An initiative by Visa and Lloyds doesn't go far enough and is counterintuitive to the card network's move to reduce cash, argues Mark Horwedel, a strategic consultant to CMSPI.

Gene Novello will take over at the Crown Point, Ind.-based institution when Mike Hussey retires later this year.

Policymakers should continue to simplify requirements, so that banks and regulators alike can focus on the most important measures of stability.

Mastercard Inc. is concerned that India’s strict data localization rules could compromise its ability to detect frauds and money laundering in the domestic payments system.

The $35 billion deal could create "a global payments giant"; with the number of community banks dropping as low as 5,477, it may be time for new ones.

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.

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.

Revised legislation would exclude credit unions from Community Reinvestment Act requirements, but could make the National Credit Union Administration the de facto enforcer of how CUs meet the needs of underserved markets.