Fidelity National Information Services (FIS) reported its Q3 2023 results in early November. They were the first released by the Florida-based company classifying its Worldpay Merchant Solutions business as discontinued operations. If you’re unfamiliar with Fidelity National, its legacy business provides processing and other services to banks and financial institutions. Through the 2015 acquisition of Sungard, it also provides record-keeping and other services to investment firms. In 2019, it paid $43 billion for Worldpay, a processor of more than $2 trillion in annual merchant payments. Then …
