FIS, a provider of banking and payments technology solutions, has completed its acquisition of Belgium-based payments technology firm Clear2Pay.
Established in 2001, Clear2Pay is a provider of payments technologies and services for secure, timely and streamlined payments processing.
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FIS said that the deal will further strengthen its global payments portfolio, bringing new corporate payment solutions and services, inclusive of high-value and cross-currency corporate payments, payments managed services, and payments processing utilities.
Gary Norcross, president and chief operating officer of FIS, said: "This acquisition is another example of FIS’ commitment to delivering a truly modern payments environment to our clients, particularly large and global financial institutions.
"With this acquisition, we further expand the technologies and assets that our clients need to simplify payment operations, reduce costs and provide better customer experiences."
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