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Op risk data: FIS pays the price for Worldpay synergy slip-up

Also: Liberty Mutual rings up record age bias case; Nationwide’s fraud failings. Data by ORX News

Fidelity National Information Services building and sign in Tampa, Florida
Credit: Alamy/JHVEPhoto

Fidelity National Information Services sustained December’s largest loss when it paid $210 million to settle a shareholder lawsuit that says it publicly misrepresented the success of its acquisition of payment processor Worldpay. FIS had repeatedly claimed its revenue synergies were exceeding internal targets, based on cross-selling of FIS and Worldpay products, and its statements contained

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