Under terms of the arrangement, Total System Services shareholders will receive 0.8101 shares of Global Payments for every share. Given these uncertainties, you should not place any reliance on these forward-looking statements. Global Payments completed its merger with TSYS in September 2019, “creating the worldwide leader in payments technology,” CEO Jeff Sloan said … Global Payments Inc. (NYSE: GPN) is a leading pure play payments technology company delivering innovative software and services to our customers globally. Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, successfully closed a new senior unsecured $2 billion term loan and an unsecured $3 billion revolving credit facility on July 9, 2019 in connection with its previously announced merger with Total System Services, Inc. (TSYS). AGREEMENT AND PLAN OF MERGER, dated as of May 27, 2019 (this “Agreement”), by and between Total System Services, Inc., a Georgia corporation (“TSYS”), and Global Payments Inc., a Georgia corporation (“Global Payments”). article Global Payments to acquire TSYS in $21.5B merger. Global Payments was uniquely positioned to provide this comprehensive solution, which reflects the powerful combination of highly complementary capabilities brought together by our merger with TSYS. Cameron Bready will serve as President and Chief Operating Officer and will oversee the company’s worldwide merchant solutions businesses across North America, Europe, Asia Pacific and Latin America along with worldwide operations, risk management, product and real estate; Paul Todd will become Senior Executive Vice President and Chief Financial Officer and be responsible for all global financial operations including finance, treasury, accounting and tax, as well as investor relations and internal audit; Guido Sacchi will continue as Senior Executive Vice President and Chief Information Officer with responsibility for IT and digital business strategies, worldwide technology infrastructure management, application development and support, information security, project portfolio management, platform integration and artificial intelligence; David Green will serve as Senior Executive Vice President and General Counsel and Corporate Secretary, with responsibility for all of the company’s legal matters worldwide, as well as regulatory and data privacy compliance; Gaylon Jowers will continue as Senior Executive Vice President and President of Issuer Solutions and is responsible for the strategic direction, growth and performance of the Issuer Solutions business segment; Kelley Knutson will remain Senior Executive Vice President and President of NetSpend and is responsible for the strategic direction, growth and performance of the Consumer Solutions business segment; and. ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, announced today that it has completed its merger with TSYS, forming the premier pure play payments technology company with extensive scale and unmatched global reach. Winnie Smith 770.829.8478 Josh Whipple will serve as Senior Executive Vice President and Chief Strategy and Risk Officer and be responsible for worldwide mergers & acquisitions, strategic planning and enterprise risk. Global Payment (GPN) closed a new senior unsecured $2B term loan and an unsecured $3B revolving credit facility on July 9 in connection with its previously announced merger with Total System Services, TSYS,(TSS). (4) On 27 May 2019, Global Payments entered into an agreement and plan of merger with TSYS pursuant to which TSYS will merge with and into Global Payments, with Global Payments being the surviving entity (the “Transaction”). Certain of the matters discussed in this communication which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The information you need to start your day, from PaymentsSource and around the Web: Industry consolidation TSYS and Global Payments have announced a merger deal of about $21.5 billion, the third M&A deal in the financial/fintech industry of more than $20 billion this year, and the latest in a series of deals of all sizes. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Our technologies, services and employee expertise enable us to provide a broad range of solutions that allow our customers to operate their businesses more efficiently across a variety of channels in many markets around the world. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Conference Call Global Payments' management will host a live audio webcast today, August 3, 2020, at 8:00 a.m. On May 28, 2019, Global Payments announced a $21.5 billion merger with TSYS. In January, Fiserv announced a $22 billion deal to acquire First Data Corp. Global Payments Completes Merger with TSYS, Creating Preeminent Technology-Enabled Payments Company ATLANTA–(BUSINESS WIRE)–Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, announced today that it has completed its merger with TSYS, forming the premier pure play payments technology company … Atlanta-based Global Payments and Columbus, Ga.-based TSYS on May 28 announced a "merger of equals" to create one of the country's largest fintech companies. After FIS & Worldpay, and Fiserv and First Data, this was the third instalment in the story of the mega-mergers in the payments industry of 2019. Payment processing as a standalone industry is already gone, as the FIS-Worldpay and Fiserv-First Data deals attest. FIS’s deal for Worldpay, which closed in July 2019, expanded its merchant business and brought it into more countries. After submitting your request, you will receive an activation email to the requested email address. Net income attributable to Global Payments also reflects the removal of $34.3 million in charges from interest expense associated with the financing of the merger with TSYS. September 18, 2019. Other directors include five from Global Payments’ Board – William Jacobs, Robert Baldwin, Jr., John Bruno, Ruth Ann Marshall and William Plummer; and five from TSYS’ Board – Kriss Cloninger III (lead independent director), Thaddeus Arroyo, Joia Johnson, Connie McDaniel and John Turner. The Journal said a $70 billion merger of FIS and Global Payments would have been the largest deal of any business in 2020. Certain of the matters discussed in this communication which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In September 2019 it completed a $22 billion acquisition of Total Systems Services Inc., or TSYS. Headquartered in Georgia with over 24,000 employees worldwide, Global Payments is a member of the S&P 500 with worldwide reach spanning over 100 countries throughout North America, Europe, Asia Pacific and Latin America. Any forward-looking statements speak only as of the date of this communication or as of the date they were made, and Global Payments does not undertake any obligation to update forward-looking statements. Columbus-based TSYS will merge with Global Payments in a deal valued at nearly $21.5 billion. 30 May 2019. Global Payments Direct, Inc is a registered ISO of Wells Fargo Bank, N.A., Concord, CA. Annualized, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. Global Payment Source appears to hire independent sales agents and has received multiple complaints about its sales practices. Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, announced today that it has completed its merger with TSYS, forming the premier pure play payments technology company with extensive scale and unmatched global reach. In addition to factors previously disclosed in Global Payments’ reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: difficulties and delays in integrating the TSYS and Global Payments businesses, including with respect to implementing systems to prevent a material security breach of any internal systems or to successfully manage credit and fraud risks in business units; failing to fully realize anticipated cost savings and other anticipated benefits of the merger with TSYS when expected or at all; failing to comply with the applicable requirements of Visa, Mastercard or other payment networks or card schemes or changes in those requirements; the ability of Global Payments to retain and hire key personnel; the business, economic and political conditions in the markets in which Global Payments operate; the impact of new or changes in current laws, regulations, credit card association rules or other industry standards, including privacy and cybersecurity laws and regulations; and events beyond Global Payments’ control, such as acts of terrorism. (1) The comparison of combined adjusted net revenue includes TSYS results for Q1 2019, which are not included in the Global Payments GAAP results. Words such as “believes,” “anticipates,” “expects,” “intends,” “targeted,” “estimates,” “forecasts,” “projects,” “plans,” “may,” “could,” “should,” “would,” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Select a City. Payment technology company Global Payments Inc said on Tuesday it would buy peer Total System Services Inc (TSYS) for about $21.5 billion in stock, adding scale in a … Global Payments has also been expanding. Global Payments's purchase of TSYS closed in September 2019 and was meant to expand its e-commerce presence in the U.S. and boost market share. ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, announced today that it has completed its merger with TSYS, forming the premier pure play payments technology company with extensive scale and unmatched global … PDF Format (opens in new window) PDF 27 KB. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Global Payments operates, and assumptions made by and beliefs of Global Payments management, involve uncertainties that could significantly affect the financial condition, results of operations, business plans and the future performance of Global Payments. Sep 18, 2019. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Rob Ward 706.641.6739 (1) The comparison of combined adjusted net revenue includes TSYS results for Q1 2019, which are not included in the Global Payments GAAP results. Its largest deal to date would have been the reported merger with FIS_(company), estimated around US$70 billion, but which fell apart at the last minute in December 2020. The combined company, Global Payments Inc., provides innovative payments and software solutions to approximately 3.5 million predominantly small to mid-sized merchant locations, services over 1,300 financial institutions across more than 100 countries and enables digital interactions with over 600 million cardholders globally. Following the news that Global Payments is merging with TSYS for $22bn, Bhavika Shah, Payments Analyst at GlobalData, a leading data and analytics company, offers her comments: If you experience any issues with this process, please contact us for further assistance. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to projections of revenue, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; statements of plans and objectives of Global Payments or its management or Board of Directors, including those relating to products or services; and statements of future economic performance — are forward-looking statements. "We are delighted to announce the completion of this landmark transaction, creating significant opportunities for our customers, partners, employees and shareholders worldwide," said Jeff Sloan, Chief Executive Officer of Global Payments. Troy Woods is Chairman of the Board and Jeff Sloan is also a Board member. For more information, visit www.globalpaymentsinc.com and follow Global Payments on Twitter (@globalpayments), LinkedIn and Facebook. Winnie Smith 770.829.8478 ATLANTA -- (BUSINESS WIRE)--Sep. 18, 2019-- Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, … M.9452 • GLOBAL PAYMENTS / TSYS SECTION 1.2 Description of the concentration On 27 May 2019, Global Payments Inc. (“Global Payments”) and Total System Services, Inc. (“TSYS”) entered into an agreement and plan of merger pursuant to which TSYS will merge with and into Global Payments, with Global Payments being the surviving entity (the Putting weeks of speculation to bed, Global Payments and TSYS made it official, announcing a $21.5 billion merger of the two payments companies. Under the terms of the merger agreement, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS common stock, representing an equity value for TSYS of approximately $21.5 billion. Global Payments agreed to buy TSYS in a deal valued at $21.5 billion. The S&P 500 SPX, +0.05% has gained 13% and the Dow Jones Industrial Average DJIA, +0.47% has … Global Payments’ purchase of TSYS is the latest merger of large payment technology companies — and by no means the last. Our technologies, services and employee expertise enable us to provide a broad range of solutions that allow our customers to operate their businesses more efficiently across a variety of channels in many markets around the world. "This industry defining partnership dovetails with our technology-enabled strategy and fortifies Global Payments’ leadership position in integrated payments, owned software, and omnichannel solutions across the most attractive markets globally. ET to discuss financial results and business highlights. Global Payments merger with TSYS reflects globalisation trend in the payments industry, says GlobalData. The Investor Relations website contains information about Global Payments Inc.'s business for stockholders, potential investors, and financial analysts. Given these uncertainties, you should not place any reliance on these forward-looking statements. For example, Global Payments and TSYS can use technology acquired from the earlier Heartland deal to sell lending and payroll services to merchants, a popular play for fintechs such as Square that Global Payments and TSYS can augment via a network of 1,300 financial institution clients. In a $21.5 billion all-stock deal, Global Payments Inc., a global provider of payment processing technology and software solutions, merged with TSYS (Total System Services) to form a pure-play payments company using the name Global Payments, the largest merger of payment technology companies to date. Global Payments completed its merger with TSYS in September 2019, “creating the worldwide leader in payments technology,” CEO Jeff Sloan … By providing your email address below, you are providing consent to Global Payments Inc. to send you the requested Investor Email Alert updates. You must click the activation link in order to complete your subscription. Months later, Global Payments did a roughly $22 billion deal for Total Systems Services Inc., which was better known as TSYS. Today we're excited to announce the close of our merger with Total System Services (TSYS). Troy Woods is Chairman of the Board and Jeff Sloan is also a Board member. Then FIS struck a $35 billion deal for Worldpay Inc., the largest payments deal to date. investor.relations@globalpay.com, Media Contact: Global Payments and TSYS at a glance. Other directors include five from Global Payments’ Board – William Jacobs, Robert Baldwin, Jr., John Bruno, Ruth Ann Marshall and William Plummer; and five from TSYS’ Board – Kriss Cloninger III (lead independent director), Thaddeus Arroyo, Joia Johnson, Connie McDaniel and John Turner. The deal, announced last week , was all stock and billed as a “merger of equals” by TSYS officials. media.relations@globalpay.com. In January, Fiserv announced a $22 billion deal to acquire First Data Corp. You can sign up for additional alert options at any time. Our new partnership creates the leading worldwide pure-play payments technology company. At TSYS, we're unlocking payment possibilities and can say with confidence that we’re the industry's leading choice for payment solutions — all under one roof. ET to discuss the transaction. David Green, Global Payments Inc. Green led Global Payments' merger with TSYS in 2019. Columbus-based TSYS will merge with Global Payments in a deal valued at nearly $21.5 billion. Small business will be a particular target. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. TSYS is especially strong in digital P2P payments and B2B payments via its NetSpend unit. In addition to factors previously disclosed in Global Payments’ reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: difficulties and delays in integrating the TSYS and Global Payments businesses, including with respect to implementing systems to prevent a material security breach of any internal systems or to successfully manage credit and fraud risks in business units; failing to fully realize anticipated cost savings and other anticipated benefits of the merger with TSYS when expected or at all; failing to comply with the applicable requirements of Visa, Mastercard or other payment networks or card schemes or changes in those requirements; the ability of Global Payments to retain and hire key personnel; the business, economic and political conditions in the markets in which Global Payments operate; the impact of new or changes in current laws, regulations, credit card association rules or other industry standards, including privacy and cybersecurity laws and regulations; and events beyond Global Payments’ control, such as acts of terrorism. In 2018, Global Payments completed acquisition of AdvancedMD. After completion of this mega-merger deal, Global Payments’ shareholders will own 52% of the combined company, while TSYS investors will own 48%. Global with its OpenEdge unit has developed a strong foothold in integrated payments, the business of weaving payments flows into business-management software for particular merchant verticals. Global Payments Inc. (NYSE: GPN) is a leading pure play payments technology company delivering innovative software and services to our customers globally. Conference Call and Webcast Global Payments and TSYS will host a conference call today, May 28, 2019 at 8:00 a.m. Global Payments declined to comment, while Total System Services did not respond to a request for comment. Investor Contact: Global Payments will own 52 percent of the combined company, while TSYS … Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, announced today that it has completed its merger with TSYS, forming the premier pure play payments technology company with extensive scale and unmatched global reach. View Now. The deal values TSYS at … TSYS bought small business solution payment company iMobile3 last year and merchant payment company TransFirst in 2016. Fidelity National Information Services Inc. and Global Payments Inc. recently held unsuccessful talks for a merger deal that could have been valued at … FIS’s deal for Worldpay, which closed in July 2019, expanded its merchant business and brought it into more countries. Months later, Global Payments did a roughly $22 billion deal for Total Systems Services Inc., which was better known as TSYS. After the proposed Transaction is completed, the separate corporate existence of TSYS will terminate When the first rumours about the Global Payments / TSYS deal came out on the bank holiday Monday, it was obvious that this would need to be deal we had to cover in this month’s newsletter. The deal, announced last week , was all stock and billed as a “merger of equals” by TSYS officials. Under terms of the arrangement, Total System Services shareholders will receive 0.8101 shares of Global Payments for every share. In addition to Jeff Sloan, Chief Executive Officer, the Global Payments executive leadership team will be comprised of the following individuals who will further strengthen our worldwide businesses as we capitalize on our strategy: Global Payments also announced today the members of its new Board of Directors, effective immediately. Global Payments' Board of Directors approved a dividend of $0.195 per share payable September 24, 2020 to shareholders of record as of September 10, 2020. Global Payments shares have gained 46% in 2019 to date, while TSYS has gained 47%. For a more detailed discussion of these factors, also see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Global Payments’ most recent annual reports on Form 10-K for the year ended December 31, 2018, quarterly reports on Form 10-Q for the periods ended March 31, 2019 and June 30, 2019, and any material updates to these factors contained in any of Global Payments’ other filings. 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