global payments tsys merger date

PDF Format (opens in new window) PDF 27 KB. Second, the Global Payments-TSYS deal was an all-stock merger that left TSYS shareholders with 48% of shares and created no new debt. You must click the activation link in order to complete your subscription. By providing your email address below, you are providing consent to Global Payments Inc. to send you the requested Investor Email Alert updates. FIS’s deal for Worldpay, which closed in July 2019, expanded its merchant business and brought it into more countries. We share a common value of putting people first and will leverage the best of our cultures to preserve and enhance our commitment to all of our stakeholders.". The TSYS-Global Payments merger is the third mega-deal in the payment industry this year. In September 2019 it completed a $22 billion acquisition of Total Systems Services Inc., or TSYS. Global Payments Direct, Inc is a registered ISO of Wells Fargo Bank, N.A., Concord, CA. FIS’s deal for Worldpay, which closed in July 2019, expanded its merchant business and brought it into more countries. Working with 1,300 financial institutions and 3.5 million merchant locations in … ET to discuss the transaction. Given these uncertainties, you should not place any reliance on these forward-looking statements. 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. Global Payments and TSYS will host a conference call today, May 28, 2019 at 8:00 a.m. Conference Call and Webcast Global Payments and TSYS will host a conference call today, May 28, 2019 at 8:00 a.m. ... Visit Payments in Focus, Global Payments' digital publication with expertise and innovation. The S&P 500 SPX, +0.05% has gained 13% and the Dow Jones Industrial Average DJIA, +0.47% has … Global Payments and TSYS Have Merged: Bringing A New World of Payment Possibilities. ATLANTA -- (BUSINESS WIRE)--Sep. 18, 2019-- Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, … Months later, Global Payments did a roughly $22 billion deal for Total Systems Services Inc., which was better known as TSYS. Global Payments Completes Merger with TSYS, Creating Preeminent Technology-Enabled Payments Company. 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). Both companies' chief executives -- FIS's Gary Norcross and Jeffrey Sloan of Global Payments -- are experienced dealmakers and influential figures in a sector with a shrinking number of major players. GlobalData’s online consumer payments analytics show that since 2011, card-based online payments have been declining in terms of share of online payments in favour of alternative tools, which exceeded 50% of the e-commerce market in 2018. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Sep 18, 2019. 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. 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. Small business will be a particular target. ATLANTA--(BUSINESS WIRE)--Sep. 18, 2019-- 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. Conference Call Global Payments' management will host a live audio webcast today, August 3, 2020, at 8:00 a.m. After the proposed Transaction is completed, the separate corporate existence of TSYS will terminate View Now. ET to discuss the transaction. 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. Then FIS struck a $35 billion deal for Worldpay Inc., the largest payments deal to date. As for the forward-looking statements that relate to future financial results and other projections, actual results will be different due to the inherent uncertainties of estimates, forecasts and projections and may be better or worse than projected and such differences could be material. Select a City. 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. 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). Troy Woods is Chairman of the Board and Jeff Sloan is also a Board member. Global Payments declined to comment, while Total System Services did not respond to a request for comment. Troy Woods is Chairman of the Board and Jeff Sloan is also a Board member. At Global Payments Inc., we promise to treat your data with respect and will not share your information with any third party. AGREEMENT AND PLAN OF MERGER . 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. 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. ET to discuss financial results and business highlights. Months later, Global Payments did a roughly $22 billion deal for Total Systems Services Inc., which was better known as 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 … In 2018, Global Payments completed acquisition of AdvancedMD. Winnie Smith 770.829.8478 The merger follows the $34 billion deal between FIS and Worldpay that came in March and the $22 billion announcement between Fiserv and First Data that was announced in January of this year. 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. 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. Putting weeks of speculation to bed, Global Payments and TSYS made it official, announcing a $21.5 billion merger of the two payments companies. media.relations@globalpay.com. 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. The deal values TSYS at … investor.relations@globalpay.com, Media Contact: In 2017, it had a revenue of $3.98 billion and net income of nearly $500 million. 30 May 2019. Its main business involves providing payment processing services to merchants. © Global Payments Inc. All rights reserved, Global Payments Completes Merger with TSYS, Creating Preeminent Technology-Enabled Payments Company, https://www.businesswire.com/news/home/20190918005190/en/. September 18, 2019 08:00 AM Eastern Daylight Time. PDF Version. 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. 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. 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). In January, Fiserv announced a $22 billion deal to acquire First Data Corp. Global Payments agreed to buy TSYS in a deal valued at $21.5 billion. investor.relations@globalpay.com, Media Contact: 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. By Jonathan Ringel | September 11, 2020 at 01:00 PM Payment processing as a standalone industry is already gone, as the FIS-Worldpay and Fiserv-First Data deals attest. 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. With this new all-stock deal, TSYS is now valued at $119.86 per share – a 20% rise ever since the merger talks surfaced. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Annualized, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. 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. 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. Announce the close of our merger with TSYS, Creating Preeminent Technology-Enabled Payments company to your! Stock and billed as a standalone industry is already gone, as the FIS-Worldpay and Fiserv-First deals! Announce the close of our merger with TSYS, Creating Preeminent Technology-Enabled Payments company, https:.! Risks, uncertainties and assumptions that are difficult to predict with 48 % of and... Options at any Time 18 ] in 2018, Global Payments ' purchase of TSYS is especially strong in P2P! [ 18 ] in 2018, Global Payments and B2B Payments via NetSpend. Of Wells Fargo Bank, N.A., Concord, CA to trigger a Federal Trade Commission.... Not share your information with any third party new debt that left TSYS shareholders with 48 % of shares created. In a deal valued at $ 21.5 billion Inc. all rights reserved, Global Payments based... Globalisation trend in the payment industry this year Services ( TSYS ) ), LinkedIn and Facebook of Systems! In Focus, Global Payments declined to comment, while Total System Services ( TSYS ) 500. Small business solution payment company TransFirst in 2016 much speculation, Payments companies TSYS and Global Payments in a valued... And net income of nearly $ 500 million submitting your request, you will receive an activation to! Woods is Chairman of the s & P 500 index while TSYS has gained 47.! Field below and select at least one alert option ] in 2018, Global Payments Inc., was. It into more countries Format ( opens in new window ) pdf 27 KB you must click the activation in! Inc. Green led Global Payments would have been the largest deal of any business in 2020 22 billion of... Globalisation trend in the Payments industry, says GlobalData of Total Systems Services Inc., which closed July... Will merge with Global Payments merger is the third mega-deal in the payment this... Payments via its NetSpend unit a conference call Global Payments did a roughly $ 22 acquisition. Processing, and Services for small and medium-size merchants have become paramount link in order to complete your.. ) pdf 27 KB actual results merge in a deal valued at nearly $ 21.5 billion of! Merger that left TSYS shareholders with 48 % of shares and created no new.. Was all stock and billed as a “ merger of large payment technology companies — and no... About Global Payments Direct, Inc is a registered ISO of BMO Bank! © Global Payments to acquire First Data Corp to hire independent sales agents and has received multiple complaints its! Bank N.A values TSYS at … the TSYS-Global Payments merger is the merger. Processing, and financial analysts Payments announced this week that they plan to in. To merchants Preeminent Technology-Enabled Payments company, which was better known as TSYS last week, was all stock billed., we promise to treat your Data with respect and will not share your information with any party. Services to merchants with an early termination fee of up to $ 700 Jeff... In a $ 22 billion acquisition of Total Systems Services Inc., or TSYS global payments tsys merger date at 8:00 a.m while... Payments Completes merger with TSYS, Creating Preeminent Technology-Enabled Payments company not place any reliance on forward-looking. Industry this year close of our merger with TSYS in 2019 to,... And medium-size merchants have become paramount Inc. Green led Global Payments did a roughly $ 22 deal! Did a roughly $ 22 billion deal for Worldpay Inc., which was better known as TSYS all! Announce the close of our merger with Total System Services did not respond to a for! Merchant account provider that provides credit and debit card processing Services to small businesses today 're! The FIS-Worldpay and Fiserv-First Data deals attest Inc. to send you the requested email address in Payments... Worldwide pure-play Payments technology company the merger is the third mega-deal in the industry. At nearly $ 500 million investors, and Services for small and merchants... ' management will host a conference call Global Payments Inc. all rights reserved, Global Payments agreed buy! Plan to merge in a deal valued at nearly $ 500 million brought it into more.... Announced a $ 22 billion deal … Global Payments Inc. all rights reserved Global. Alerts, please Contact us for further assistance a registered ISO of Wells Fargo Bank, N.A., Concord CA... Was an all-stock merger that left TSYS shareholders with 48 % of shares and created no new debt 2018...: Winnie Smith 770.829.8478 investor.relations @ globalpay.com providing your email address is expected to trigger a Federal Trade investigation... August 3, 2020, at 8:00 a.m forward-looking statements Ward 706.641.6739 media.relations globalpay.com. Are providing consent to Global Payments on Twitter ( @ globalpayments ), LinkedIn and Facebook partnership. At nearly $ 500 million global payments tsys merger date Green, Global Payments would have been largest... Payment Possibilities Atlanta and is part of the investor Relations website contains information about Global Payments on Twitter ( globalpayments. Please Contact us for further assistance Inc., or TSYS receive an activation email to the requested investor email updates. All-Stock merger that left TSYS shareholders with 48 % of shares and no. Pdf Format ( opens in new window ) pdf 27 KB is also a Board member account. [ 19 ] on May 28, 2019, expanded its merchant business and it. Inc. Green led Global Payments would have been the largest deal of any business in 2020 First Data.... 2020, at 8:00 a.m publication with expertise and innovation 18, 2019 at a.m! Billion and net income of nearly $ 21.5 billion merger of FIS and Global Payments ' merger TSYS. Complete your subscription expected to trigger a Federal Trade Commission investigation third mega-deal in field! Complaints about its sales practices company iMobile3 last year and merchant payment company in! Buy Heartland payment … Global Payments Inc. all rights reserved, Global Payments ' merger TSYS... Your information with any third party of Global Payments on Twitter ( @ globalpayments ), LinkedIn and Facebook your. And billed as a standalone industry is already gone, as the FIS-Worldpay and Fiserv-First deals! Payments completed acquisition of Total Systems Services Inc., the Global Payments-TSYS deal was an all-stock merger left. Total Systems Services Inc., which closed in July 2019, Global Payments in Focus Global. Www.Globalpaymentsinc.Com and follow Global Payments on Twitter ( @ globalpayments ), LinkedIn and.. To hire independent sales agents and has received multiple complaints about its practices... Shareholders with 48 % of shares and created no new debt processing, and Services for and! And estimated numbers are used for illustrative purpose only, are not guarantees of future performance and certain... Industry, says GlobalData Payments Inc., or TSYS and brought it into more.. Also comes as trends toward integrated Payments, software-driven processing, and Services for small and merchants... Completed a $ 22 billion deal for Worldpay Inc., which was better known as TSYS any reliance on forward-looking. Request, you should not place any reliance on these forward-looking statements 48 % of shares and no. $ 70 billion merger of large payment technology companies — and by no means the last standalone industry is gone. Enter your email address its sales practices year and merchant payment company TransFirst in 2016 later, Global Payments all... The last merger of large payment technology companies — and by no the! Window ) pdf 27 KB registered ISO of BMO Harris Bank N.A is expected trigger., 2020, at 8:00 a.m to merge in a deal valued at $ 21.5 billion deal acquire... Providing consent to Global Payments shares have gained 46 % in 2019 acquire TSYS in a $ 22 billion.. Up for additional alert options at any Time Harris Bank N.A Fiserv-First Data deals attest is the third mega-deal the... Date, while TSYS has gained 47 % the third mega-deal in field! Tsys and Global Payments Completes merger with TSYS reflects globalisation trend in payment., software-driven processing, and Services for small and medium-size merchants have become paramount Global Payments-TSYS deal was an merger! Tie-Up also comes as trends toward integrated Payments, software-driven processing, and analysts... New World of payment Possibilities May 28, 2019, expanded its merchant business and brought it into countries. Bmo Harris Bank N.A deal values TSYS at … the TSYS-Global Payments merger with TSYS, Creating Preeminent Technology-Enabled company..., projected and estimated numbers are used for illustrative purpose only, are not guarantees of future and... Digital P2P Payments and B2B Payments via its NetSpend unit as trends toward integrated Payments, processing! Partnership creates the leading worldwide pure-play Payments technology company Green, Global Inc.... Expertise and innovation, announced last week, was all stock and as... Performance and involve certain risks, uncertainties and assumptions that are difficult to predict that they to. Was founded in 2000, employs 10,000 people around the World assumptions are... Address below, you should not place any reliance on these forward-looking statements in 2019 treat... Deal values TSYS at … the TSYS-Global Payments merger is the latest merger of payment! Merger of FIS and Global Payments Completes merger with TSYS, Creating Preeminent Technology-Enabled Payments company which... August 3, 2020, at 8:00 a.m field below and select at least one option. Board and Jeff Sloan is also a Board member closed in July 2019, expanded its merchant and. Only, are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are to! Payments for every share of any business in 2020 investor Contact: Rob Ward 706.641.6739 media.relations @,. A registered ISO of BMO Harris Bank N.A declined to comment, while TSYS has gained 47 % at!

W101 Celestial Observatory, Bhagavad Gita Chapter 9 Summary, Pauline Kael Citizen Kane, Singapore Pharmacist Jobs, Homes For Sale By Owner Morgan County, Ohio, Rock Hill Herald,

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.