Fidelity National Information Services Acquires AssetExchange
JACKSONVILLE, Fla. -- Fidelity National Information Services has acquired AssetExchange. Terms of the deal were not disclosed.
AssetExchange is a credit card brokerage and advisory firm that has been very active in the credit union space in recent years as more and more credit unions have sold off their portfolios.
FIS became a bigger player in cards for credit unions after it acquired Certegy in 2005. FIS is also in the credit union core processing realm. It purchased Aurum Technology in 2004, which gave it a presence in the community bank and credit union core processing space