Search Results for "FIS"
22 results for "FIS"
Deals 20
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.
Stripe Receives Georgia Limited-Purpose Bank Charter Approval
Stripe received approval from the Georgia Department of Banking and Finance for a Merchant Acquirer Limited-Purpose Bank (MALPB) charter. This enables Stripe to process Visa and Mastercard transactions directly without a sponsor bank. It is only the third such charter granted, following Fiserv and Shift4.
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.
Alpha Modus Partners with Synctera for BaaS Infrastructure
Alpha Modus Financial Services entered into an agreement with Synctera to provide banking-as-a-service infrastructure for its Alpha Cash platform. The deal supports sponsor banking relationships and compliance frameworks. The partnership was disclosed in Alpha Modus Holdings' 10-K annual report for the fiscal year ended December 31, 2023.
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.