FIS has completed its previously announced acquisition of Global Payments’ Issuer Solutions business, formerly known as TSYS, in a transaction valuing the unit at $13.5bn.

Concurrently, FIS has divested its remaining minority interest in Worldpay to Global Payments.

After incorporating the net present value of approximately $1.5bn in tax assets, the net purchase price for Issuer Solutions stands at about $12bn. 

The fintech firm will bring the acquired platform and services to market under the FIS Total Issuing Solutions portfolio brand.

FIS president and CEO Stephanie Ferris said: “We are pleased to have closed this strategic acquisition ahead of schedule, enabling us to start 2026 in a strong position to deliver greater value to our financial institution and corporate clients.

“We’re looking forward to capitalising on the unique opportunities this acquisition brings to our Banking and Payments business and building momentum through the year.”

According to FIS, the FIS Total Issuing Solutions portfolio now constitutes one of the largest global credit issuing and processing platforms, serving clients in over 75 countries. The platform processes more than 40 billion transactions annually and supports commercial relationships with over 150 financial institutions and corporate clients.

FIS stated that the combination significantly broadens its data coverage across consumer and commercial card portfolios.

The Issuer Solutions business adds credit processing, fraud management, loyalty services and other value-added issuer capabilities to FIS’ existing offering. These services sit alongside FIS’ current strengths in debit processing, network services, payments processing, loyalty solutions, and accounts payable and accounts receivable banking services.

The company expects the deal to materially increase its addressable market, including access to an estimated $28bn global issuer opportunity for its Banking segment.

FIS also indicated that the transaction is expected to enhance its financial profile by increasing the share of higher‑margin, recurring revenue. The company is targeting incremental adjusted free cash flow of roughly $500m in the current year and about $700m by 2028 related to the acquisition.

Alongside, FIS launched its first solution to support agentic commerce. The new offering is designed to enable banks to conduct commerce with AI agents and card networks in a secure environment.

FIS said the agentic commerce capabilities are intended to help its banking clients remain top‑of‑wallet with cardholders while supporting enhanced fraud protection.

The company is working with Mastercard and Visa to roll out these agentic commerce features, enabling banks to participate in AI‑mediated commerce at scale.