FIS Issuer Solutions Acquisition on Track
- The planned acquisition of Global Payments' Issuer Solutions business by FIS has encountered a temporary setback due to a need to refile details with the U.K.'s Competition and...
- FIS proactively identified the need to provide additional information to the CMA during its review of the transaction.
- The CMA confirmed it rejected the initial merger notice as it lacked the required information.
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FIS Issuer Solutions Acquisition Faces UK Regulatory Delay, Remains on Track
Table of Contents
The planned acquisition of Global Payments’ Issuer Solutions business by FIS has encountered a temporary setback due to a need to refile details with the U.K.’s Competition and Markets authority (CMA).However, FIS maintains its expectation for the deal to close in the first half of 2026.
FIS proactively identified the need to provide additional information to the CMA during its review of the transaction. This resulted in the need to resubmit the UK Merger notice.
The CMA confirmed it rejected the initial merger notice as it lacked the required information. The regulator has paused its statutory timetable and will restart the formal investigation once a complete notice is received.
This acquisition is one of two major deals announced by Global payments and FIS on April 17th,signaling a period of significant activity in the fintech space.
Key Details & Timeline
| Milestone | Date | Status |
|---|---|---|
| Acquisition Announced | April 17, 2024 | Completed |
| Initial CMA Review Started | (Date not specified in source) | In Progress |
| Merger notice Rejected by CMA | October 10, 2024 | Completed |
| Refiling with CMA | Ongoing | In progress |
| Expected Transaction Close | First Half 2026 | Projected |
Further Information
- FIS press Release: FIS Provides Update on regulatory Review of Issuer Solutions Acquisition
- CMA Inquiry Page: FIS/TSYS Merger Inquiry
- PYMNTS Report: