Fashion

Worldpay

Worldpay from FIS is known as one of the topmost global acquirers providing a one-stop entry to POS as well as eCom transaction processing, fraud/risk management, and alternative payment methods for retailers and merchants.

Fashion
Worldpay


Worldpay from FIS is known as one of the topmost global acquirers providing a one-stop entry to POS as well as eCom transaction processing, fraud/risk management, and alternative payment methods for retailers and merchants. Worldpay's omnichannel solution turns customer transactions into smarter connected experiences with the help of technological development. As part of the FIS family which is spread all around the world, you help to contribute in lifting the economy and communities by advancing the way the world pays, banks and invests. FIS always stays one step ahead of how the world is evolving and improving their strategies to power businesses, across merchants, banking as well as capital markets. This helps to outpace today's fast-changing competitive landscape in various fields and help the clients to run, grow and achieve more for their business and earn as much as profit. Worldpay has a huge amount of collection of ongoing trends and industry updates and its transactional data indicate that some industries like fashion, for example, experience a bit higher than average returns. Nearly 1 in every 5 online fashion item purchases in North America is returned back to the retailer. On the other end of the spectrum, Worldpay data show that consumer electronics have the lowest rate of return and it's only around 1 percent. In the market, there are daily surveys and research going on, so one of them is Barclaycard research. It revealed that 19% of shoppers order multiple versions of the same item or a product so that they can see the variety in products and then could make their choice when the items are delivered. 30% of shoppers deliberately over-purchase first and then return the unwanted items.

Worldpay, Inc. was an American payment processing company as well as a technology provider. In the year June 2019, it was acquired and incorporated into Fidelity National Information Services (FIS). Prior to acquisition, the headquarters of the company was in the greater Cincinnati in the Ohio area. Worldpay (formerly Vantiv), was one of the largest merchant acquirers in the U.S. ranked by general purpose transaction volume. The company provides payment and technology related services to merchants as well as to financial institutions in the U.S. region and processes more than 20.1 billion payment transactions and approximately $726 billion in volume per year. From the year 2014, the predecessor company, Vantiv, supported approximately 400,000 merchant locations. So, during this period, more than 17,000 automated teller machines (ATMs) in 46 states and eight countries were developed. The company's merchant base was huge including the customers in vertical markets such as retail, e-commerce, restaurant, drug store, supermarket and business to business. It also included the consumer services and the government. Its financial institution base includes a diverse set of financial institutions including various banks in the process. This included regional banks, community banks, credit unions and regional personal identification number (PIN) debit networks. 

Worldpay helps the market by providing payment strategies as well as the technologies to over 1,400 financial institutions which includes more than 700 credit unions throughout the United States which supports over 33 million debit cards and processing more than 15.7 billion transactions annually.  

  • Details:
  • Category: Fashion
  • Company: Worldpay
  • Established: 1971
  • Location: Brown County United States

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