FIS, Worldpay Plan To Enter Into Commercial Agreements
Portfolio Pulse from Benzinga Newsdesk
FIS and Worldpay are planning to enter into commercial agreements that will allow Worldpay to continue accessing and reselling FIS products to its clients. FIS will also retain access to Worldpay's portfolio of commercial clients to resell its embedded finance offerings.
July 06, 2023 | 10:57 am
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POSITIVE IMPACT
FIS is entering into a commercial agreement with Worldpay, which will allow Worldpay to continue reselling FIS products. This could potentially increase FIS's product distribution and revenue.
The commercial agreement between FIS and Worldpay will allow Worldpay to continue reselling FIS products. This could potentially increase the distribution of FIS products and subsequently, its revenue. Therefore, this news is likely to have a positive impact on FIS's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100