FIS – Journey to become the world’s largest payment processing firm under policies of Gary A. Norcross

To beat a fast-evolving competitive scenario, and to run and grow several other businesses, FIS is playing a crucial role. Fidelity National Information Services i.e., FIS is a well-known firm globally. It is the ultimate companion for many merchants, capital markets, the banking sector, and many other businesses. The firm is recognizing for providing high tech solutions for businesses, including banking as well as capital markets. With dedication and expertise way, FIS has been helping to solve critical challenges that arise in business. Thus, assisting to grow the businesses faultlessly.

For the excellency and innovative approach, FIS is included in the list of Fortune 500 companies. Presently, Gary A. Norcross is serving as chairman, CEO, and president at FIS. Under his policies, the firm is focusing on driving 12-billion-dollar business on an international level. As well, the firm has become dominant in providing banking and financial software solutions. Additionally, it holds a high position in payment processing solutions as well.

FIS CEO and President – Gary A. Norcross

A president, CEO, and chairman, Gary is also a well-experienced businessman. He is recognized in the industry who helped to succussed many businesses. Before joining FIS, Gary worked at many other financial institutions. His journey in FIS has started in 1988 as an entry-level programmer. To reach the position he has today, Gary devotes his time and best efforts to the firm. Serving in many leading positions, he became president and CEO at FIS in 2018.

Role in FIS growth

Highly experienced in the financial market, Gary used a client-focused approach to grow the business of FIS. To provide the best and latest to the clients, FIS made several acquisitions under Norcross’s guidance. In 2019, the firm acquired Worldpay and became the largest payment service provider in the world. As well, the firm acquired SunGard and launched Derivatives utility for the first time. These all acquisitions are made under his policies. Apart from that, he helped to enlarge the area of business and the firm has grown to more than 55k employees all over the world.

Other Leaderships hold by Gary Norcross

Despite being a top industrial leader, Gary also holds several leading positions at many organizations. He is included in the advisory board of the dean at Sam M. Walton Schools of business, University of Arkansas. As a matter of fact, he studied business administration at the same university.  As well, Norcross is one of the board members at Guardian Life Insurance Company, America. Moreover, he is a board member of several other Schools like KIPP Impact School, Jacksonville.

About FIS

It is an American firm, offering multiple services and solutions for banking and capital markets. As well, it’s a wide range of financial products that are well-known on the international level. Started as a small financial solution provider, FIS has crossed the number of 55k employs recently. With highly expert peoples and deep research, FIS acquired a number of clients in a very short span. Currently headquartered in Jacksonville, Florida, the firm has its presence all over the world. Recently in 2019, the firm has set the record to make the largest deal in the industry. It acquired Worldpay for 35 billion dollars. Thus, making it the largest payment processing firm on the earth.

Other renowned acquisitions of FIS

Looking to the history of FIS, the firm has made dozens of acquisitions. The acquisition of Worldpay in 2019 is one of the remarkable acquisitions of FIS. In 2015, FIS has acquired SunGard and introduced Derivatives utility all over the world. This acquisition helped FIS to transform conventional BSPT processing world-wide. As well, it helped numerous merchants to focus on every client, and to reduce operational risk. Prior to that, the firm has acquired CMSI, Reliance Trust Company, and Clear2Pay in 2014.

Moreover, it has made several other acquisitions to enhance its network and improve the service. Alltel Information Services, Sanchez Computer Associates, BankWare, InterCept, and Aurum Technology are some of the acquisitions made by FIS.

Achievements and Recognitions

The firm has put immense effort to develop financial technology. Using an innovative approach, the firm is expertise in three primary sectors. One is Merchant solutions, the second is Capital market solutions, and last but most important is Banking solutions. FIS has many satisfied clients in all the sectors it is providing the service. Considering the annual business, FIS is processing 75 billion transactions approximately, having more than 20k clients all over the world.

Awards and Rankings

FIS has been honor with many reputed awards. In 2020, it was the winner of the Privateequitywire US Award 2020. As well, it received many awards this year, including the Fintech Breakthrough award 2020 for the best business lending platform. Plus, it was honored with the AltCredit fund intelligence US award 2020. FIS is also known as Best Place to work in 2020, provides equal opportunities for the LGBT community. Last year, it was named as Fortune world’s most admired company, 2019. Apart from that, the firm has named multiple awards and ranked top in many lists issued by top organizations.