 | |
| Formerly | Midwest Payment Systems (1971–2003) Fifth Third Processing Solutions (2003–2011) Vantiv (June 2011–January 2018), WorldPay FIS |
|---|---|
| Company type | Subsidiary |
| Industry | Financial services, Merchant services, Technology, Payment processor |
| Founded | 1971 |
| Headquarters | Cincinnati, Ohio , |
Key people | Charles Drucker (CEO) |
| Revenue | US$3.9 billion (2017)[1] |
| Owner | GTCR (55%), FIS (44%) |
Number of employees | 8,500 (2018) |
| Website | www |
Worldpay, Inc. is an American payment processing company and technology provider. In February 2024, it was separated from Fidelity National Information Services (FIS) to become an independent company once again.[2] It is majority owned by private equity firm GTCR. It is headquartered in the greater Cincinnati, Ohio area. Worldpay, Inc. (formerly Worldpay FIS and Vantiv), is the largest U.S. merchant acquirer ranked by general-purpose transaction volume.[3]
The company provides payment and technology services to merchants and financial institutions in the U.S. and processes more than 20.1 billion payment transactions and approximately $726 billion in volume annually. As of 2014, the predecessor company, Vantiv, supported approximately 400,000 merchant locations and more than 17,000 automated teller machines (ATMs) in 46 states and eight countries.[3]
The company's merchant base includes customers in vertical markets such as retail, restaurant, government, e-commerce, supermarket, drug store, business to business and consumer services. Its financial institution base includes diverse set of financial institutions, including regional banks, community banks, credit unions and regional personal identification number (PIN) debit networks.[4]
The company adopted the name "Vantiv" in June 2011 as a step towards becoming a public company. Previously a joint venture between Advent International and Fifth Third Bancorp,[5] Vantiv became a publicly traded company on March 22, 2012, listed on the NYSE under the ticker symbol "VNTV".[6] It acquired London-based Worldpay Group plc and changed its name to Worldpay, Inc. on January 16, 2018.[7]
- ^ "Annual Report 2017" (PDF). Worldpay, Inc.
- ^ "Worldpay Becomes Independent Company as GTCR Sale Closes". PYMNTS. February 1, 2024.
- ^ a b "The Nilson Report - News and Statistics for Card and Mobile Payment Executives". www.Nilson report.com.
- ^ "VNTV.N Company Search Results". Reuters.[dead link]
- ^ "Third Processing Changes Name to Vantiv".
- ^ "Vantiv Joins the Ranks of Publicly Traded Payment Processors". www.digitaltransactions.net.
- ^ "Vantiv and Worldpay Complete Combination to Form Worldpay, Inc. | Worldpay". www.worldpay.com. Retrieved 2018-01-31.
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