What is Worldpay? Worldpay Review

Company Introduction

Worldpay was originally a subsidiary of NatWest Bank in the UK. After the merger of National Westminster Bank and Royal Bank of Scotland, Worldpay became independent in 2009. On August 6, 2010, Advent International and Bain Capital agreed to acquire Worldpay for 2.025 billion pounds, and it went public in 2015. On January 16, 2018, Vantiv was renamed Worldpay, Inc.

Business Scope

Worldpay processes more than 40 billion transactions annually through more than 300 payment types in 146 countries and 126 currencies. The company's growth strategy includes expansion into high-growth markets, verticals and customer segments, including global e-commerce, integrated payments and B2B.

Worldpay is more than just a payment tool. It also provides solutions covering all elements of the payment chain, including acquiring, gateways, risk management, local payments, funds management, mobile payments, and a range of services such as analysis and optimization.

Worldpay supports a variety of credit cards, such as MasterCard, Visa, Visa Purchasing, Visa Delta, Visa Electron, JCB, Maestro. Worldpay is also a commonly used online payment method in the UK.

Products and Services

1. Online bank card payment

Get a single payment solution, simple acquiring, and a business partner who will help you continuously improve your bottom line.

2. Gateway Service

Worldpay's fast and secure online portal provides efficient and flexible payment services for your global e-commerce payment needs.

3. Alternative payment methods

We can help you navigate the complexities and challenges of global markets, allowing you to offer your customers different payment methods.

4. Fraud and risk management

The fraud landscape is constantly evolving. Comprehensive fraud protection is the only way to keep up with the changing threats.

develop

In 2003, Midwest Payment Systems adopted the name Fifth Third Processing Solutions.

In 2006, the company acquired Card Management Corporation (CMC) to provide a broader range of processing services. In 2009, Fifth Third Processing Solutions was spun off from Fifth Third Bancorp and formed as a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp.

As of late 2010, the company had acquired TNB Card Services, National Processing Corporation (NPC)[11] and certain assets of the Springbok Services, Inc. prepaid platform.

In June 2011, Fifth Third Processing Solutions adopted the Vantiv name.

On March 22, 2012, Vantiv became a public company, listed on the New York Stock Exchange under the ticker symbol "VNTV."

In June 2013, Worldpay launched Worldpay Zinc, a mobile card processing terminal that connects to smartphones.

In September 2013, Worldpay revealed that it had acquired US payment processing company Century Payments.

In November 2013, RBS said it had sold its remaining stake of around 20 percent in Worldpay to the payment processing company's majority shareholders, private equity firms Advent International and Bain Capital.

In May 2014, Worldpay officially entered the Chinese market and established long-term cooperative relationships with domestic payment institutions such as Alipay and China UnionPay.

In July 2017, Vantiv announced its intention to acquire Worldpay for $10.4 billion. Subsequent announcements indicated that the combined entity would be named "Worldpay" and would be headquartered and listed in the United States, but internal operations would be based in the United Kingdom.

In August 2017, Vantiv announced that it would acquire Worldpay. In January 2018, Vantiv Inc., a U.S. payment processing and technology provider, completed its acquisition of payment technology solutions company Worldpay Group.

In 2018, Worldpay has become the world's largest acquiring bank, providing payment processing services in 126 currencies in 146 countries.