S&P 500 Component
|Headquarters||Jacksonville, Florida, U.S.|
Gary A. Norcross |
(Chairman, President & CEO)
|Products||Banking Technology, Payment Technology, Processing Services, Information Based services|
|Revenue||$9.2 billion USD (2016)|
|$1.064 1,076.3 billion USD (2013)|
|$825.0 million USD (2013)|
Number of employees
Fidelity National Information Services Inc., better known by the abbreviation FIS, is an international provider of financial services technology and outsourcing services. Headquartered in Jacksonville, Florida, FIS employs 52,000 people worldwide. FIS provides payment processing and banking software, services and outsourcing of the associated technology. FIS has over 20,000 clients in more than 130 countries. FIS was ranked the #1 Financial Technology company on the FinTech100 in 2013 and 2014.
FIS has a portfolio of products for the financial services sector, including both retail and investment banking.
FIS with the acquisition of SunGard, has launched a Derivatives Utility in 2015 to transform Derivatives Clearing BSPT processing world-wide. This will guide derivatives clearing for futures commission merchants to save on total cost of ownership (TCO), and the ability to allow a large focus of the operations processing to FIS, freeing each merchant to focus on each of their clients. Allowing futures merchants to reduce operational risk. Beginning with Barclays[better source needed] in 2015, Credit Suisse in 2016, and Wedbush Securities one of the largest capitalized non-bank futures commission merchants in the United States, will move its operations processing and technology management to the FIS Derivatives Utility in 2018.
Throughout its history FIS has made many acquisitions
On July 3, 2007, Certegy Check Services, part of FIS, announced that a worker at one of its subsidiaries stole 2.3 million consumer records containing credit card, bank account, and other personal information. This estimate was later increased to 8.5 million consumer records. The next month, a law firm filed a class-action lawsuit against CCS and parent company FIS based on the privacy breach; the firm claims that, since CCS provides check-verification services to many major U.S. stores, "consumers do not choose to use the services of these companies but rather are forced to do so".
In August 2011, Florida based eFunds Prepaid Solutions, part of FIS, was the victim of a sophisticated cyberattack that saw hackers steal $13 million from ATMs using 22 stolen prepaid cards belonging to a single client of FIS.