S&P 500 Component
|Founded||2000National Data Corporation subsidiary, as a |
2001 , spun off from parent company
|Headquarters||Three Alliance Center|
Atlanta, Georgia, U.S.
|M. Troy Woods|
(Chairman of the Board)
Jeffrey S. Sloan
Cameron M. Bready
Paul M. Todd
|Revenue||US$ 3.98 billion (2017)|
|US$ 558.87 million (2017)|
|US$ 494.07 million (2017)|
|Total assets||US$ 13.00 billion (2017)|
|Total equity||US$ 3.97 billion (2017)|
Number of employees
|Footnotes / references|
Global Payments provides payment processing services to merchants, allowing them to accept credit and debit cards, along with other payment types (this role is known as a merchant acquirer). In return, they receive a percentage of the transaction value (usually about 1-2% for credit cards). They provide these services both directly to merchants, and indirectly through other financial organizations. Global Payments also provides other supporting ("vertical") services and analytics ("omnichannel") to customers of its main payment processing services.
As of 2017, 40% of revenue was derived from vertical and omnichannel services. As of 2016, 75% of Global Payments revenue was from North America, 18% was from Europe, and 7% was from Asia-Pacific. Global Payments processes approximately 6 billion transactions per year for 1 million merchant locations. Global Payments has 24,000 employees.
Global Payments was founded in 2000 and spun off from National Data Corporation, its former parent company, in 2001. Global Payments has been an independent, publicly-traded company on the New York Stock Exchange having the ticker symbol “GPN” since its spin off.
In 2009, it paid $75 million for United Card Service, Russia's leading credit card processing company.
In October 2012, it acquired the smaller Accelerated Payment Technologies for $413 million.
In October 2014, it purchased Australian payment processing company Ezidebit for $305 million.
In March 2015 Global Payments bought Realex Payments, an Irish based payments gateway services company for €115 million.
On April 25, 2016, Global Payments completed the acquisition of Heartland Payment Systems for $4.3 billion. Both Global Payments and its subsidiary Heartland Payment Systems were among the leading credit card processing companies in 2016, according to Business Insider. Its headquarters moved from Sandy Springs, Georgia to Atlanta, Georgia in 2016.
In 2017, Global Payments initiated acquiring divisions of Active Networks.
In 2018, Global Payments completed acquisition of AdvancedMD.
In 2018, Global Payments completed acquisition of Sentral Education.
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. However, it is expected to be revisited in 2021.
In 2012, a data breach at Global Payments affected 1.5 million credit and debit card numbers. This breach eventually cost the company around $100 million. In 2015, a technical fault with Global Payments's systems led to thousands of British businesses being unable to accept credit card payments on Valentine's Day weekend.
- "Global Payments (GPN)". Forbes. Retrieved 2021-01-15.
Employees 24,000 ... As of May 12, 2020
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- Jones, Donovan (2017-08-10). "Global Payments To Acquire ACTIVE Network Divisions From Vista Equity Partners". Seeking Alpha. Retrieved 2018-09-24.
- "Global Payments Completes Acquisition of AdvancedMD". Retrieved 2018-09-24.
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- "FIS, Global Payments Held Unsuccessful Talks to Merge". 20 December 2020.
- Pepitone, Julianne. "1.5 million card numbers at risk from hack". CNNMoney. Retrieved 2017-12-18.
- Sidel, Robin; Johnson, Andrew R. (2012-03-30). "Data Breach Sparks Worry". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-12-18.
- "The 10 Biggest Bank Card Hacks". WIRED. Retrieved 2017-12-18.
- Brooks-Pollock, Tom. "Global Payments: Thousands of firms left fuming after card payment glitch hits business on Valentine's Day weekend". The Mirror. Retrieved 18 November 2017.