Worldpay provides payment and technology services to merchants and financial institutions globally generating 40 billion transactions across 146 countries and 135 currencies.
[2] With $4.9 billion in revenue as of 2023, Worldpay ranks as one of the largest non-bank merchant acquirers in the world processing $2.2 trillion in transactions annually.
[6] In 1971, Fifth Third Bank formed Midwest Payment Systems (MPS) to provide Electronic Funds Transfer (EFT) services to financial institutions.
In 2006, the company acquired Card Management Corporation (CMC) to provide a broader range of processing services.
Previously a joint venture between Advent International and Fifth Third Bancorp,[13] Vantiv became a publicly traded company on March 22, 2012, listed on the NYSE under the ticker symbol "VNTV".
[28] In February 2023, in the wake of pressure from activist investors, FIS announced it would spin off its merchant business that consisted of Worldpay in the next 12 months.
[34] The company's financial products include credit cards, ATM processing, merchant services, rewards and fraud prevention.
[35] Worldpay provides payment strategies and technologies to over 1,400 financial institutions, including more than 700 credit unions throughout the U.S., supporting over 33 million debit cards and processing more than 15.7 billion transactions each year.