Description
Worldpay, Inc. was an American payment processing company and technology provider. In June 2019 it was acquired and merged into Fidelity National Information Services (FIS). Before its acquisition, it was headquartered in the greater Cincinnati, Ohio area. Worldpay, Inc. (formerly Vantiv), was the largest U.S. merchant acquirer ranked by general-purpose transaction volume.
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.
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.
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, Vantiv became a publicly traded company on March 22, 2012, listed on the NYSE under the ticker symbol "VNTV". It acquired London-based Worldpay Group plc and changed its name to Worldpay, Inc. on January 16, 2018.
