Global Payments Inc. is a provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management.
History
Global Payments' former parent company, National Data Corporation, was founded in 1967. Today, the company services both virtual and "brick-and-mortar" merchants. Global Payments is a member of the S&P MidCap 400 Index and has been an independent, publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol "GPN" since 2001. The Company has offices located throughout the United States, Canada, United Kingdom, Europe, Spain, Russia and the Asia-Pacific region to serve consumers, organizations, financial institutions and government agencies that use Global Payments' acquiring, processing and Internet services. Global Payments Inc. currently processes approximately five billion transactions per year and serves over one and a half million merchant locations through their electronic information network. Global Payments has obtained the necessary licenses to start operating in Malta EU, after it bought the acquiring business from HSBC Bank in Malta for approx EUR11m. On 12MAY14 the official business name was changed from HSBC Merchant Services to Global Payments Malta.
The Company provides processing solutions for:
- Credit and debit cards, Electronic Benefits Transfer (EBT), purchasing cards, prepaid gift and loyalty cards and stored value cards
- Terminal management and point-of-sale support services
- Electronic check conversion, check guarantee, verification and recovery services
- Emerging payments
- Business-to-Business payments
Headquartered in Atlanta, Georgia, Global Payments' product and service lines include acquiring front-end network, point-of-sale applications, merchant processing support and terminal management services, as well as Internet-based solutions for payment processing and storefront support.
Jeffrey S. Sloan is currently CEO of Global Payments Inc.
Global Credit Card Processing Video
Jeff S. Sloan Bio
Jeffrey S. Sloan is the Chief Executive Officer and a member of the Board of Directors of Global Payments Inc. (NYSE:GPN), one of the largest worldwide providers of payment technology solutions. He is a decisive leader with deep industry knowledge and over 20 years of experience in financial services and technology. Mr. Sloan joined Global Payments as President in 2010 and became Chief Executive Officer in 2013. Prior to joining Global Payments, Mr. Sloan was a partner and the worldwide head of the Financial Technology Group in New York for Goldman, Sachs & Co. He pioneered the development of the firm's payments practice in investment banking, where he led many of the landmark transactions in payments over nearly two decades.
He earned dual BA and BS degrees from The Wharton School of the University of Pennsylvania in 1989 (summa cum laude) and a JD from New York University School of Law in 1992 (magna cum laude). Mr. Sloan and his wife, Victoria, have three children and live in Atlanta, Georgia.
Mr. Sloan serves on the Executive Committees and the Boards of Directors of Pace Academy (Trustee), Camp Twin Lakes, the Metro Atlanta Chamber of Commerce and the Electronic Transactions Association. He is a Board Member of Fleetcor Technologies, Inc. Mr. Sloan also serves on the Undergraduate Executive Board of The Wharton School of the University of Pennsylvania.
Awards and Recognition
MPE Award for Emerging Payment Award for Global Payments innovating Wi-Fil solution. MPE Award for Data Information Award for Global Payments approach to the Annual Customer Survey.
Acquisitions
Accelerated Payment Technologies (APT) - In October of 2012, Global Payments Inc. reported they closed the acquisition of Accelerated Payment Technologies (APT) from Boston-based Great Hill Partners for $413 million in cash. At the time, APT provides payment services and technology for small- to medium-sized merchants producing some $8 billion in annual card volume. APT serves the dental, medical, pharmacy, specialty retail, automotive and veterinary markets.
Ezi Holdings Pty Ltd (Ezidebit) - In October of 2014, Global Payments Inc. announced the completion of its purchase of Ezi Holdings Pty Ltd (Ezidebit), an integrated payments company based in Brisbane, Australia. The transaction was valued at $268 million. The purchase was funded by a combination of cash on hand and borrowings on the company's revolving credit facility.
Bank of the Philippine Islands (BPI) - Global Payments Inc. and Bank of the Philippine Islands (BPI) announced in December of 2015 an agreement to form a joint venture to provide merchant acquiring and payment services in the Philippines. BPI is the largest bank in the Philippines based on market capitalization with more than 800 branches. The bank has operated a merchant acquiring business for over 27 years.
Payment Processing, Inc. (PayPros) - Global Payments Inc. announced in early January, 2015, their acquisition of Payment Processing, Inc. (PayPros) for $420 million. At the time of acquisition, PayPros was a provider of payment services for 58,000 small-to-medium sized merchants in the United States and delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies, Inc.
Realex Payments (Realex) - In March of 2015, Global Payments Inc. acquired one of Europe's largest and fastest growing payment gateways providing a range of technology services for businesses selling online - Realex Payments. Under the terms of the agreement, the transaction is valued at EUR115 million. Global Payments funded the acquisition through available liquidity. Prior to the acquisition, Realex Payments provided a range of payment technology services for businesses selling online and processing payments valued in excess of EUR28 billion per annum on behalf of 12,500 retailers throughout Europe with clients in 30 countries.
Fidelity National Information Services (NYSE: FIS) - In June of 2015, Global Payments Inc. closed its deal to acquire Fidelity National Information Services' (NYSE: FIS) gaming assets from Certegy Check Services Inc. for an undisclosed amount. The FIS business includes 260 gaming client locations and provides a suite of gaming industry services.
Security breach
The company was hit with a security breach in March 2012 affecting anywhere from 50,000 to 10 million credit card holders.
Global Payments Inc. announced on Friday, March 30, 2012, that it identified and self-reported unauthorized access into its processing system. The company believes that the affected portion of its processing system is confined to North America and less than 1,500,000 card numbers may have been exported. The investigation to date has revealed that Track 2 card data may have been stolen, but that cardholder names, addresses and social security numbers were not obtained by the criminals. Based on the forensic analysis to date, network monitoring and additional security measures, the company believes that this incident is contained.
In a letter to possibly affected card holders, Global Payments writes "This data may have included your name, social security number and the business bank account number designated for the deposit of merchant processing proceeds." This statement by the company directly contradicts their attempts at damage control reported in the LA Times. Affected card holders are informed "We have provided additional information at www.2012infosecurityupdate.com"
Competition
Merchant services is a competitive industry especially when it comes to credit card processing. Among the thousands of firms offering merchant services in the United States a few have been more dominant than others.
- First Data - Founded in 1969, First Data currently employs 33,000 workers and has become one of the USA's largest payment processors, specializing in credit card processing, ATM processing and electronic check acceptance.
- Vantiv - Founded in 1971 as Midwest Payment Systems (MPS) and renamed Fifth Third Processing Solutions (FTPS) in 2003, Vantiv, Inc. got formed in 2009 when Fifth Third Processing Solutions spun off from Fifth Third Bancorp and was launched as a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp.
Are You Looking for Products
Here some products related to "Global Payments".
Spam Nation: The Inside S..
PayAnywhere - Accept Cred..
iZotope, Inc. Iris Audio ..
Apple MacBook Pro MD313LL..
Get these at Amazon.com* amzn.to is official short URL for Amazon.com, provided by Bitly
Source of the article : here
EmoticonEmoticon