Worldpay, Inc.

In 1971, Fifth Third Bank formed Midwest Payment Systems (MPS) to provide Electronic Funds Transfer (EFT) services to financial institutions. In 1977, Jeanie, the nation's first shared online ATM network was developed and implemented. In 1991, MPS expanded to offer Merchant Services. In 2000, MPS acquired Integrated Delivery Technologies, Inc. (IDTI), Cartel Network and ACI Merchant Services.[8]

In 2003, Midwest Payment Systems adopted the name Fifth Third Processing Solutions. In 2006, the company acquired Card Management Corporation (CMC) to provide a broader range of processing services. Several years later, in 2009, Fifth Third Processing Solutions spun off from Fifth Third Bancorp and was launched as a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp.[9]

By the end of 2010, the company had acquired TNB Card Services,[10] National Processing Company (NPC)[11] and certain assets of Springbok Services, Inc. Prepaid Platform.[12] In June 2011, Fifth Third Processing Solutions assumed the Vantiv name.[13]

Vantiv became a publicly traded company on March 22, 2012, listed on the NYSE under the ticker symbol "VNTV."[14]

In December 2012, Vantiv acquired privately held Litle & Co. for $361 million. Litle develops e-commerce payment processing solutions that are used by companies that accept payments for goods and services online, via phone, and via mail. Vantiv said it would integrate Litle’s technologies into its point-of-sale and e-commerce processing offerings.[15]

In April 2013, Vantiv became the first U.S. acquirer to complete MasterCard’s testing requirements to process EMV transactions for MasterCard, Maestro and Cirrus brands at both ATM and at the point-of-sale locations.[16]

In July 2013, Vantiv announced an agreement to acquire privately held Element Payment Services.[17] Element is a provider of fully integrated PCI DSS compliant payment processing solutions for merchants and business management software providers.[18]

On May 12, 2014, Vantiv confirmed a $1.65 billion acquisition of Mercury Payment Systems LLC.[19]

In November 2016, Vantiv acquired the US operations of Canadian payment processor Moneris Solutions.[20]

In July 2017, the company announced its intention to acquire British-based Worldpay for $10.4 billion.[21] Subsequent announcements have indicated that the combined entity will be named "Worldpay Inc." headquartered and listed in the United States, but internal operations will be based in the U.K.[22] The transaction was completed on 16 January 2018.[23]

In March 2019, Fidelity National Information Services, Inc. (FIS), announced a $43 billion deal to buy Worldpay, reported as the biggest deal ever in the international payments sector.[24] The acquisition closed in June 2019 and Worldpay was merged into FIS.[25]

Worldpay works with financial institutions to develop programs and tools to simplify payment strategies.[26] The company’s financial products include credit cards, ATM processing, merchant services, rewards and fraud prevention. Additionally, Worldpay assists financial institutions with pre-paid and gift cards, card personalization, debit PIN processing, cardholder eServices and more.[27]

Worldpay provides payment strategies and technologies to over 1,400 financial institutions, including more than 700 credit unions throughout the U.S., supporting over 33 million debit cards and processing more than 15.7 billion transactions each year.[28]

• • Historical business data for Worldpay, Inc.:
  • SEC filings