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  • CTO Talk with Eugene Marinelli, CTO of Blend
  • Nubank Raises $80 Million in Series D Funding

The latest from FinDEVr Silicon Valley presenters

  • Aerospike announces 100% year-over-year bookings growth.
  • NuData Security partners with Arvato Financial Solutions to combat fraud and enable a smoother customer experience.

Alumni updates

  • InComm partners with MOL Global to launch PlayStation Network prepaid products to be distributed through 7-Eleven stores in Indonesia.
  • Commerce Bank chooses Temenos to upgrade core deposit banking system.
  • Token signs memorandum of understanding (MoU) with Fidor Bank for digital payments.
  • interviews Nick Thomas, cofounder of Finicity, in the wake of his company’s latest funding round.
  • Arxan Technologies wins six industry IoT security awards.
  • TemenosMarketPlace receives the Banking Technology Readers’ Choice Award for “Best emerging/innovative technology product/service” at the Annual Banking Technology Awards.
  • InComm expands partnership with Target Australia to offer gift cards in stores and online.
  • PayPal teams up with Citibank, FIS to expand cross-channel presence.

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FIS Signs Agreement to Acquire Clear2Pay for $493 Million

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Fidelity National Information Services

Banking and payment technologies giant, FIS, announced today it has signed an agreement to acquire payment technology company, Clear2Pay for $493 million (€375 million).

Once the acquisition is complete, FIS will augment its global payment services with Clear2Pay’s technology. The Fortune 500 financial services provider anticipates that the new technology will give its larger customers a set of modern payments solutions.
Here are some quick facts on the two parties:
    • Founded 1968
    • Went public in 2001
    • Headquartered in Jacksonville, FL
    • 39,000 employees
    • Serves 14,000+ institutions in 110+ countries 
    • Founded 2001
    • Privately held company. Has raised $127 million 
    • Headquartered in Brussels, Belgium
    • 1,200 employees
    • Counts 40 of the 50 largest global financial institutions as clients
The pending acquisition, which is subject to regulatory approval and contractual closing conditions, is expected to close in the fourth quarter.
FIS last demonstrated at FinovateSpring 2013 where it debuted its mobile wallet solution.
Categories: FIS