FIS has completed its $13.5billion acquisition of Global Payments’ Issuer Solutions business (formerly TSYS), a deal it has immediately leveraged to launch a new “agentic commerce” offering for banks.
The fintech giant confirmed the close of the transaction on 12 January 2026, positioning the integration as a catalyst for its new AI-driven capabilities.
Leading the agentic commerce shift
Following the acquisition, FIS unveiled its new agentic commerce solution, designed to allow banks to safely conduct transactions mediated by AI agents. This emerging form of commerce involves AI acting as a personal digital assistant—sourcing, negotiating, and completing purchases on a consumer’s behalf.
FIS cites McKinsey forecasts predicting that agentic commerce could generate up to $1trillion in orchestrated US retail revenue by 2030, and potentially $3trillion to $5trillion globally.
The new offering aims to keep banks “top of wallet” by ensuring they remain central to this transactional flow. The system allows financial institutions to use “Know Your Agent” (KYA) data to securely authorize AI-initiated payments, enhancing fraud protection while reducing chargebacks and false declines.
Stephanie Ferris, CEO and president of FIS, commented: “FIS has spent decades helping financial institutions navigate technological inflection points. Agentic commerce represents a next fundamental shift in how consumers interact with financial services, and our role is to ensure banks not only participate in this transformation but lead it.”
Network collaboration
To bring this to market, FIS has partnered with major card networks. Visa and Mastercard are key strategic partners in the launch, enabling AI agents to initiate transactions across their existing authorization and dispute frameworks.
Initial use cases for the technology will focus on transaction authorization, fraud prevention, and customer servicing, with the offering expected to be available to all FIS issuing bank clients by the end of Q1 2026.
