FIS Completes Acquisition of Global Payments Issuer Solutions Business
FIS (Fidelity National Information Services) completed its strategic acquisition of Global Payments' issuer solutions business in January 2026. The issuer solutions unit provides card issuing, processing, and related technology services that underpin banking and fintech card programs. By absorbing this business, FIS consolidates its position as a leading provider of the core infrastructure that banks and BaaS platforms depend on for card issuance and payment processing.
The acquisition reshapes the competitive landscape for issuer processing, a critical layer in the embedded finance stack. Banks and fintechs that rely on Global Payments' issuer processing will transition to FIS's platform ecosystem. Financial terms were not disclosed in the available sources.
The deal reflects ongoing consolidation among infrastructure providers that serve the broader BaaS and embedded finance ecosystem.
- Consolidation of issuer processing infrastructure reduces options for banks and fintechs selecting BaaS card issuance partners
- FIS strengthens its dominance in core banking and card processing, potentially increasing pricing power over embedded finance platforms