Clear2Pay Acquisition to Boost FIS Payments Business
Florida-based FIS, a leading provider of banking and payments technology solutions and a pioneer in consulting and outsourcing solutions, will acquire Clear2Pay, a Brussels-based payments technology firm that offers solutions for secure, timely and streamlined payments processing.
The move will provide FIS with global payments capabilities through new payments managed services and payments processing utilities, boosting its abilities to provide differentiated enterprise payments solution.
The payments domain is one of the fastest-growing segments in the financial services industry and a strategic growth and investment area for the company, said Gary Norcross, president and chief operating officer of FIS.
The acquisition shows the company’s commitment to delivering assets and technologies that encompass all customer channels, simplify payment operations, reduce costs and provide a better customer experience, he added.
Michel Akkermans, chief executive officer and chairman of Clear2Pay, commented: “The payments landscape continues to evolve to meet the next generation of customer demands. We believe the combination of these two companies will be uniquely qualified to deliver true payment systems convergence.”
With Clear2Pay’s Open Payment Framework (OPF), financial institutions are able to improve their internal payments processing efficiency and provide clients with better and faster payment services. Its client-base includes leading financial institutions in Western Europe, Asia Pacific and the US.