6th Aug 2025 14:46
(Alliance News) - The UK Conducts & Markets Authority on Wednesday invited commentary on the proposed merger of Total System Services LLC and Fidelity National Information Services Inc.
Both are financial technology firms that offer payment processing services. FIS is based in Jacksonville, Florida, and TSS in Columbus, Georgia.
Back in 2019, TSS became a subsidiary of Global Payments Inc, and FIS acquired a 45% stake in Worldpay Inc, which is jointly owned with private equity firm GTCR. In May, Global Payments said it has agreed to sell its Issuer Solutions business to FIS for USD13.5 billion, and to buy Worldpay for a net purchase price of USD22.7 billion.
The CMA is are considering an investigation into possible combination of FIS and TSS, given their already-enlarged status, and potential to diminish competition in the UK market.
Though no formal enquiry has been launched, the regulator is open to comments until August 20.
FIS shares traded up 0.1% at USD72.25 on Wednesday morning in New York, while shares in TSS's parent Global Payments rose 5.8% to USD83.02.
By Holly Munks, Alliance News reporter
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