FIS

FIS Completes Acquisition of Global Payments Issuer Solutions Business

FIS completed its strategic acquisition of Global Payments' issuer solutions business in January 2026. The deal strengthens FIS's card issuing and payment processing infrastructure. This consolidation in the issuer processing space has significant implications for banks and fintechs relying on these platforms for card issuance and BaaS capabilities.

Thread Bank Selects Finxact from Fiserv for Embedded Banking

Thread Bank chose Finxact from Fiserv as its core banking platform to power embedded banking strategies for community banks. The API-first platform will be integrated with Infinant's Interlace Platform for a modern embedded and core banking experience alongside payment processing.

U.S. Bank and Fiserv Partner on Digital Credit Card Solution

U.S. Bank's Elan Financial Services and Fiserv announced a sponsor bank partnership integrating Elan's credit card program into Fiserv's Credit Choice platform. The solution combines credit and debit card capabilities for over 100 Fiserv financial institution clients. Rollout begins summer 2025 with full portfolio conversion expected by year-end.

FIS Launches Cloud-Native Money Movement Hub for U.S. Banks

FIS launched its Money Movement Hub on May 1, 2025, a cloud-native payments platform with universal APIs designed for U.S. banks. The hub unifies money movement, fraud controls, and scalable integrations into a single platform. It aims to modernize bank payments infrastructure and enable faster fintech and third-party integrations.

Fiserv Becomes First MALPB to Process Card Transactions in the U.S.

Fiserv's Merchant Acquirer Limited Purpose Bank (MALPB), chartered by the Georgia Department of Banking and Finance, processed its first card-based transactions around April 30, 2025. The charter was originally approved on September 27, 2024, with a permit to begin business issued on April 11, 2025. This is the first MALPB charter to process card-based payments in the U.S., enabling direct merchant acquiring without deposit-taking.

Fiserv Expands AppMarket and Launches Fintech Hub in Kansas

Fiserv expanded its AppMarket, a digital marketplace connecting banks with fintech apps via APIs, and launched a new fintech hub in Kansas. The platform enables hyper-personalized banking, faster payments, and API-based data control for financial institutions. This positions Fiserv as a leading API-powered banking infrastructure provider.

Fiserv Closes Acquisition of Payfare to Enhance Embedded Finance

Fiserv completed its acquisition of Payfare on March 3, 2025, to strengthen its embedded finance capabilities. Payfare specializes in instant payout and earned wage access solutions for gig economy workers. The deal expands Fiserv's ability to offer embedded payroll and payment solutions to enterprise clients and platforms.

BMO Launches BMO Sync Embedded Banking Platform for Businesses

BMO launched BMO Sync, an embedded banking solution enabling businesses to integrate banking capabilities directly into their workflows. Built in partnership with FISPAN, the platform aims to streamline financial operations for business clients. The launch positions BMO to compete in the growing embedded finance market.

Fiserv Delivers Embedded Banking to DoorDash via Crimson Program

Fiserv partnered with DoorDash to power the Crimson Program, embedding banking and financial services for Dashers directly within the DoorDash platform. Built on Fiserv's Finxact core banking platform, the program streamlines payments and commerce experiences for gig workers. This represents a significant embedded finance deployment in the gig economy sector.

Zūm Rails Partners with Fiserv to Expand Embedded Payments into US

Canadian fintech Zūm Rails partnered with Fiserv to expand its embedded payments platform into the US market. The partnership enables embedded AP/AR and payment processing for US businesses via Fiserv's infrastructure, with plans to add future BaaS capabilities such as debit cards. This marks Zūm Rails' entry into the US embedded finance market.

Fiserv Wins Conditional Georgia Bank Charter for Payments Processing

Fiserv received conditional approval for a merchant acquirer limited purpose bank charter from the Georgia Department of Banking and Finance. The payments processor applied in January 2024 and can now pursue direct card network access. Full implementation is expected in 2025 pending satisfaction of unspecified conditions.

FIS Enables Neural Payments P2P Solution via NYCE Debit Rails

FIS enabled Neural Payments' peer-to-peer payment solution within digital banking apps using its NYCE debit network rails. The integration allows consumers to send P2P transfers via debit cards, mobile wallets, FedNow, or RTP without needing third-party apps. This embeds real-time payment capabilities directly into banks' existing digital experiences.

FIS Launches Atelio Embedded Finance Platform for Banks and Non-Financial Companies

FIS unveiled Atelio, a fintech platform providing building blocks for financial institutions and non-financial companies to embed financial services. The platform enables deposit collection, money movement, card issuance, invoicing, fraud prevention, and cash flow forecasting. KeyBank, College Ave, and RoyalPay Inc. were announced as lighthouse clients at launch.

TD Bank Partners with SideDrawer for Integrated Digital File Sharing

TD Bank Group partnered with SideDrawer to integrate file and data sharing capabilities into its customer digital experiences. The agreement builds on TD's prior fintech collaborations including Plug and Play and FISPAN for embedded banking. This partnership enhances TD's digital service offering for customers.

Fiserv Applies for Special-Purpose Merchant Acquirer Bank Charter in Georgia

Fiserv applied for a merchant acquirer limited purpose bank (MALPB) charter in Georgia, USA. If approved, the charter would allow Fiserv to process card transactions directly without relying on a partner bank. Approval was expected in the first half of 2024, representing a significant shift in the payments value chain.

FIS Acquires BaaS Startup Bond to Bolster Embedded Finance

FIS completed the acquisition of Bond, a Banking-as-a-Service startup founded in 2019, for an undisclosed sum. Bond had previously raised $42 million in total funding and was valued at $182 million during its 2020 Series A. FIS described the deal as a strategic move to close a gap in its embedded finance capabilities. The acquisition brings experienced BaaS professionals into FIS's organization.

Fiserv Partners with Central Payments to Deliver BaaS Issuing for Fintechs

Fiserv partnered with Central Payments to provide issuing capabilities, a BaaS platform, and access to sponsor banks for fintechs and financial institutions. The partnership enables fintechs to launch card and payment programs more efficiently. Central Payments contributes its sponsor bank network and issuing expertise. The deal strengthens Fiserv's position in the BaaS infrastructure market.

BMO Partners with FISPAN to Embed Banking in ERP Systems

BMO announced a partnership with FISPAN to integrate BMO Online Banking for Business directly into clients' ERP and accounting systems. The integration enables real-time account access, payments, and automatic reconciliation without leaving business applications. This reflects BMO's broader open banking and embedded finance strategy for commercial clients.

FIS Unveils Worldpay for Platforms Enabling Embedded Payments for SaaS Providers

FIS announced Worldpay for Platforms, a new solution combining merchant services, banking, and embedded payments for SMB-focused software providers. Built on the Payrix acquisition, the platform enables SaaS companies to embed commerce and financial services into their offerings. The launch targets the growing demand for embedded finance among vertical SaaS platforms.

Prime Trust Raises Over $100M Series B for Crypto Infrastructure

Prime Trust, a financial infrastructure provider for fintech and digital asset innovators, raised over $100 million in Series B funding. Investors included FIS, Fin Capital, Mercato Partners, and Kraken Ventures. The company planned to expand into wealth management and Web 3 products.

FIS and Treasury Prime Launch Embedded Finance Program for Banks and Fintechs

FIS partnered with Treasury Prime to launch an API-based embedded finance program enabling small and mid-sized banks to offer digital banking services to fintechs. Grasshopper Bank was the first adopter, using the platform to serve fintechs, SMBs, and venture firms. The program connects banks to Treasury Prime's network of 70+ fintech clients while leveraging FIS's core banking systems.

TD Bank and FISPAN Embed Commercial Banking into ERP Software

TD Bank announced a collaboration with fintech FISPAN to embed its commercial banking products directly into ERP and accounting software. The integration covers payments, reporting, and reconciliation for business clients. A pilot rollout began with a full launch planned for summer 2022.

FIS Unveils Banking-as-a-Service Hub for Embedded Finance

FIS launched its BaaS Hub on April 12, 2022, an API-enabled platform allowing banks, credit unions, and fintechs to deliver embedded finance solutions including deposit banking, financial wellness, and money movement. The platform supports a pay-as-you-grow model targeting the embedded finance market projected to reach $230 billion in revenue by 2025.

FIS Launches 2022 Fintech Accelerator Focused on BaaS and Embedded Finance

FIS announced its 2022 Fintech Accelerator program on March 3, 2022, with embedded finance and Banking-as-a-Service among its core focus areas. The 16-week program selects ten startups for monetary investment and access to FIS's network of over 100 financial institutions. The initiative prioritizes companies with existing customers and recurring revenue, with a focus on diversity.

Fiserv Acquires Cloud Core Banking Platform Finxact for $650M

Fiserv announced the acquisition of Finxact, a cloud-based core banking software provider, for approximately $650 million. Finxact served banks including FirstBank and Woodforest National Bank. The deal strengthens Fiserv's ability to offer modern core banking infrastructure to financial institutions and fintechs.

Western Union Launches White Label Digital Partner for FIs and Fintechs

Western Union launched its White Label Digital Partner technology, enabling banks and fintechs to offer branded international money transfers through their own interfaces. The solution connects to over 200 countries and 130 currencies. It won the 2021 FinTech Breakthrough Award for Consumer Payments Innovation.

Transact Bank Selects Fiserv Precision Core for Payments and Card Issuing

Denver-based Transact Bank selected Fiserv's Precision core banking platform on July 30, 2020, to support its new focus on domestic and cross-border payment processing and card issuing services. The partnership provides Transact Bank with modern core infrastructure to enable BaaS-style payment and card programs. This positions Transact Bank as a potential partner bank for fintechs requiring payment and card issuing capabilities.

Flutterwave Raises $35M Series B for African Payments Infrastructure

Nigerian payments infrastructure company Flutterwave raised $35M in Series B funding led by Greycroft and eVentures, with participation from Visa, Green Visor Capital, and others. The round supports Flutterwave's API-based payments platform enabling businesses to embed payment processing across Africa.

Gateway First Bank Acquired Farmers Exchange Bank to Form Full-Service Bank

Gateway First Bank (formerly a mortgage company) completed its acquisition of Farmers Exchange Bank, creating a full-service chartered bank with $1.2 billion in assets and five banking centers in Oklahoma. The acquisition enabled Gateway's transition to a chartered bank, positioning it as one of Oklahoma's largest banks by assets. The combined entity planned core system migration to FIS and a new loan origination partner rollout in summer 2019.

Fiserv Acquires First Data in $22 Billion Fintech Megadeal

Fiserv announced the acquisition of First Data for $22 billion, creating one of the largest fintech consolidations in payments and financial services. The deal integrates First Data's e-commerce payments capabilities with Fiserv's banking solutions for merchants and financial institutions. The combined entity aims to compete against embedded finance disruptors like PayPal, Stripe, and Square.

FIS Makes Minority Investment in Banking Software Firm Zenmonics

Fidelity National Information Services (FIS) made an undisclosed minority investment in Zenmonics, a software company specializing in digital banking channel solutions for financial institutions. The investment strengthens FIS's capabilities in digitizing banking services and supports Zenmonics' growth in financial institution modernization.

Starling Bank Expands Banking-as-a-Service via Open APIs

Starling Bank announced the expansion of its Banking-as-a-Service offering around PayExpo 2018, opening APIs for white-label banking, debit cards, and payments. The BaaS platform enables fintechs to access banking infrastructure without obtaining their own banking license. Early partners include Instarem and FIS Global.

Unity Bank Selects Finastra Total Lending Solution in US

Unity Bank, a US community bank, selected Finastra's Total Lending solution for commercial, consumer, and agricultural lending. The platform integrates with Unity Bank's existing Fiserv core banking system. The deal aims to streamline lending processes across multiple loan categories.

Citizens Bank Launches Citizens Access Digital Platform Powered by FIS

Citizens Bank launched Citizens Access, a direct-to-consumer digital banking platform built on FIS technology and hosted entirely in the cloud. The platform offers high-interest savings accounts and CDs with no fees. It attracted over $1 billion in new deposits within its first 90 days, with an average account size exceeding $70,000.

Fiserv Launches White-Label Developer Portal for Open Banking Compliance

Fiserv introduced a white-label developer portal enabling banks to engage third-party providers under open banking regulations. The portal includes tools like FinKit for authentication and consent management. This positions Fiserv as an infrastructure provider helping banks comply with PSD2 and open banking mandates while enabling fintech partnerships.