Where Will FIS Take Agentic Commerce Following TSYS Deal?

US-headquartered fintech FIS has completed the acquisition of Global Payments' Issuer Solutions business, formerly known as TSYS, for an enterprise value of US$13.5bn.

This comprises a net purchase price of US$12bn including US$1.5bn of net present value of tax assets.

Offerings from the asset - which is the world’s largest issuing business - will be taken to market under FIS’ Total Issuing Solutions brand.

FIS simultaneously completes the sale of its remaining minority stake in Worldpay to Global Payments.

“We are pleased to have closed this strategic acquisition ahead of schedule, enabling us to start 2026 in a strong position to deliver greater value to our financial institution and corporate clients,” says Stephanie Ferris, Chief Executive Officer and President of FIS (Fidelity Information Services). 

“We’re looking forward to capitalising on the unique opportunities this acquisition brings to our banking and payments business and building momentum through the year.”

FIS Total Issuing Solutions is one of the largest companies in credit processing, with customers in over 75 countries. The portfolio processes more than 40bn transactions each year and has commercial partnerships with over 150 financial institutions and corporates.

Building data intelligence

FIS now processes a comprehensive dataset across consumer and commercial card portfolios, creating a strong data intelligence engine. 

This scale provides the data richness and processing power required to train and deploy AI models that deliver genuine business value, the company argues.

The acquisition complements FIS’ banking and payments business by adding a product suite in credit processing, fraud, loyalty and other value-added services to FIS’ portfolio of debit processing, network services, payments processing, loyalty solutions and accounts payable and accounts receivable banking services, creating an end-to-end offering for financial institutions and corporates.

FIS adds that the deal will boost its free cash flow and deliver revenue and cost synergies. 

Agentic first

FIS has also launched its first agentic commerce solution for banks to securely conduct commerce with AI agents and card networks. 

McKinsey forecasts that agentic commerce could generate as much as US$1trn in orchestrated US retail revenue by 2030, and as much as US$3trn to US$5trn globally.

In agentic commerce transactions, FIS’ AI functions as a personal digital assistant that can source, negotiate and complete purchases or financial transactions using pre-approved payment methods on behalf of a customer. 

Through collaboration with global payment networks, AI-initiated transactions are executed within existing authorisation, authentication and dispute frameworks trusted by banks, merchants and consumers worldwide.

Financial services companies are integral to agentic commerce because they provide the infrastructure, security protocols and payment systems that allow AI agents to transact safely and seamlessly. 

As the volume of agentic payment transactions increase, this new offering helps banks to remain central to this new method of commerce by providing technologies that help them identify and authorise agent-initiated transactions and support-related compliance efforts. It will also allow banks to institute fraud protections on behalf of consumers.

Addressing fundamental technology changes

“Agentic commerce represents a next fundamental shift in how consumers interact with financial services, and our role is to ensure banks not only participate in this transformation but lead it," says Stephanie. 

"By combining our global payments scale, our newly-acquired issuing capabilities, and partnerships with industry leaders like Mastercard and Visa, we're enabling AI-powered solutions that keep our clients at the center of commerce while enhancing security, reducing friction and improving experiences for the consumers they serve,” Stephanie adds.

Visa and Mastercard are strategic partners in this launch, with Visa Intelligent Commerce and Mastercard enabling AI agents to initiate and safely conduct transactions across their networks. 

The initial use cases focus on transaction authorisation, fraud and customer servicing. 

FIS plans to work with these partners and pilot customers to deliver a set of initial use cases including transaction authorisation, fraud, loyalty and customer servicing.

Availability is scheduled by the end of March 2026.

FIS has been named the seventh company in FinTech Magazine’s Top 100 FinTech Companies list.