FIS Mulling New Worldpay Path? And Other Digital Transactions News briefs from 7/3/23
Digital Transactions News staff
July 3, 2023
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
- Payments-processing giant FIS Inc. is reportedly looking into selling a majority stake in its Worldpay unit to private-equity firms at a valuation of $15 billion. The news indicates a change in strategy at FIS, which announced in February it intended to spin off Worldpay as a publicly held company some time during the coming year. FIS paid $43 billion in 2019 to acquire the processing platform.
- Payments-technology firm Verifone Inc. unveiled a new logo and a redesigned global Web site.
- The Canada-based processor Nuvei Corp. launched a partnership with CNBS Software, a provider of e-commerce and accounts-receivable technology, to offer its services to CNBS clients.
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