Worldpay states that its focus is on innovative, secure, and reliable payment solutions that cater to the evolving needs of customers. Worldpay’s processing solutions are designed to support your business’s growth and operational efficiency. By leveraging cutting-edge technology and a deep understanding of the payments landscape, they ensure that clients can navigate the complexities of global payments with ease.
Evolution of Worldpay: Mergers, Acquisitions, and Branding Changes
Originally launched in 1971, Worldpay Inc. operated as a payment processing firm for financial institutions and service providers. Over the decades, it underwent multiple mergers and acquisitions, significantly shaping its trajectory in the financial services sector.
One of the most notable events in Worldpay’s history was its 2018 merger with Vantiv, a leading U.S.-based payment processing company. This merger positioned Worldpay as a dominant force in the industry, with enhanced capabilities and a broadened market reach. The newly merged entity assumed the Worldpay brand while integrating Vantiv’s operational strengths.
In June 2019, Fidelity National Information Services (FIS) acquired Worldpay in a massive $35 billion deal, making it the largest financial technology merger at the time. This acquisition allowed FIS to leverage Worldpay’s payment processing capabilities, further strengthening its merchant solutions division. Additionally, the Global Payments Report has been a valuable resource in analyzing market trends and consumer choices, further solidifying Worldpay’s position in the industry.
The FIS and Worldpay Separation in 2024
Despite the high expectations following the merger, FIS announced in 2023 that it would be spinning off Worldpay into a separate company. This decision was finalized in 2024, marking the official separation of Worldpay from FIS. The move was aimed at allowing both companies to focus on their core competencies: FIS on banking and capital markets technology, and Worldpay on merchant services and payment processing, transforming the way the world pays.
Worldpay Today: An Independent Entity
Now an independent entity once again, Worldpay continues to offer comprehensive payment processing services to businesses globally. The company’s solutions span traditional and wireless POS terminal services, mobile payments, digital wallets, internet payment gateways, virtual terminals, and eCommerce payment solutions.
Worldpay’s separation from FIS also allows for greater flexibility in innovation, enabling the company to focus on advancing its technology and expanding its partnerships within the payments ecosystem. The brand remains a key player in the industry, especially in a global capacity, processing billions of transactions annually across 146 countries.
”ContactUnderstanding Worldpay’s Merchant Services and Pricing
Like many payment processors, Worldpay does not publicly disclose its fees. However, according to industry research, the company typically follows a tiered pricing model, with the following estimated rates:
- Signature debit cards: 0.99% + $0.20
- Standard credit cards: 1.99% + $0.20
- Rewards credit cards: 2.60% + $0.20
- Corporate, travel cards, and keyed-in transactions: 3.30% + $0.20
Worldpay generally offers a three-year contract with early termination fees ranging from $95 to $295 per location, depending on when the contract is terminated.
What Kind of Services Does Worldpay Provide? Contactless Payments and More
As a leading payment processor, Worldpay provides various merchant services, including:
- Traditional and wireless POS terminal services
- Mobile payment solutions
- Internet payment gateways
- Virtual terminals
- eCommerce payment processing
- Digital wallet solutions
- Multichannel payment options
- B2B payment solutions
These solutions are designed to cater to businesses of all sizes, from small merchants to enterprise-level organizations.
Stax and Worldpay: A Powerful Partnership
Stax is one of the largest Independent Sales Organizations (ISOs) partnered with Worldpay. Through this partnership, Stax provides businesses with cutting-edge payment technology, cost-saving solutions, and dedicated customer support. By leveraging Worldpay’s infrastructure, Stax ensures seamless and secure payment processing for small and medium-sized businesses.
Security and Compliance
Ensuring Safe Transactions and Regulatory Adherence
At Worldpay, the security and compliance of payment processing solutions are paramount. Their systems are meticulously designed to ensure the safe and secure transmission of sensitive payment information, adhering to the highest standards of regulatory compliance. Worldpay employs advanced fraud prevention tools and techniques to detect and thwart fraudulent transactions, safeguarding merchants and their customers from potential losses.
In addition to robust fraud prevention measures, Worldpay offers a range of contactless payment solutions, including Apple Pay. These solutions provide a secure and convenient way for customers to make payments, enhancing the overall transaction experience. By prioritizing security and compliance, Worldpay ensures that every transaction is protected, giving merchants and their customers peace of mind.
Worldpay’s payment processing solutions have empowered numerous merchants around the world to achieve remarkable success. Worldpay’s processing solutions have driven success for merchants across various industries.
Final Thoughts: The Future of Worldpay Post-FIS
With its separation from FIS, Worldpay has returned to operating as a standalone payments company, allowing it to focus on growth, innovation, and enhancing its merchant services. While the transition marks a significant shift, Worldpay’s industry expertise and global presence continue to make it a formidable player in the financial services sector.
For businesses looking for a reliable payment processing provider, Worldpay remains a strong option, and its partnership with Stax ensures that merchants receive best-in-class service and support.
Quick FAQs about Worldpay Merchant Services
Q: What is Vantiv Worldpay Merchant Services by FIS?
Vantiv Worldpay Merchant Services by FIS is a payment processing service that provides solutions for financial institutions and financial service providers. It is a division of Fidelity National Information Services (FIS) after the acquisition and merger of Worldpay Inc., a company that has gone through a series of branding changes since 1971.
Q: What kind of services does Worldpay by FIS provide?
Worldpay by FIS offers a range of merchant services for both in-person and digital payments, supporting over 126 currencies. Their solutions include Traditional and Wireless POS Terminal Services, Mobile Payment Services, Internet Payment Gateways, Virtual Terminals, eCommerce Payment Solutions, Digital Wallet Solutions, Multichannel Payment Options, and B2B Payment Solutions.
Q: What are the payment processing costs and other fees associated with Worldpay by FIS?
Worldpay does not publicly disclose its fees. However, according to research from Verisave, the rates are as follows:
- Signature debit cards: 0.99% + $0.20
- Standard credit cards: 1.99% + $0.20
- Rewards credit cards: 2.60% + $0.20
- Corporate, travel cards, and keyed-in transactions: 3.30% + $0.20
Additionally, Worldpay offers a three-year standard contract and charges early termination fees if you choose to cancel early.
Q: How does Worldpay by FIS ensure payment security?
Worldpay by FIS is fully compliant with the Payment Card Industry (PCI) Data Security Standard to ensure the safety of customer card data. They also offer fraud protection, risk management, Omnishield Assure to decrease fraud liability, and point-to-point encryption for optimal security.
Q: What kind of product features and functionalities does Worldpay by FIS bring to the table?
Worldpay by FIS has various features and functionalities such as POS Integrations and Devices, Faster Cash Flow through their FastAccess Funding feature, the Ability to Scale with different products and solutions, Digital Payments and Mobile Wallets support, and Worldpay APIs for developers to create custom integrations.
Q: What are some of the other services offered by FIS?
FIS, a global financial services company, offers a wide range of services such as Point of Sale (POS) Network, Digital Payments Network, Global Payments Network, Back Office Solutions, Legal and Outreach Solutions, Credit and Collection Solutions, Treasury Solutions, and Financial Software Solutions.
Q: What is the scope and division of FIS in the financial services sector?
FIS serves over 20,000 clients and processes 75 billion transactions worth $9 trillion in annual global transactions. They have various departments including Merchant Solutions, Banking Solutions, Capital Market Solutions, and Corporate Solutions to cover different aspects of the financial services sector.
Q: How does the pricing for Vantiv Worldpay by FIS compare to other providers?
Vantiv Worldpay by FIS pricing is typically higher than many other providers due to its brand name, expansive outreach, and the range of services it offers. The quotes are given upon request, depending on your business needs and requirements. While this may not be affordable for small startups or sole proprietorships, Worldpay by FIS can be an ideal solution for those who can afford it.
