Talk:Global Payments
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S&P 500 missing article
[edit]This is one of only 4 companies in the S&P 500 that does not have an article (and the *only* company not first added in 2017).
- It is now one of only 2 companies without an article. There have been articles about Global Payments in the NYT, the Washington Post, the Wall Street Journal, WIRED, CNN, many other sources Mparrault (talk) 05:35, 18 December 2017 (UTC)
How to Review this Article
[edit]I will admit that this article has a chequered past. Previous versions of this article have been deleted/CSDed, and in fact the name of the company has been blocked in the article namespace (see Global Payments). The current version of the article has had some copyright issues as well, although these have been cleared up.
Despite the history, IMO, this article should easily meet the threshold for inclusion in Wikipedia. In terms of significance, Global Payments is the only company in the S&P 500 not to have its own article, which should qualify it for an article on its own (what sort of encyclopedia has an article about all 500 items in a category except one? It is like listing all countries except Seychelles). It has revenues in the billions, and around 10,000 employees. In terms of sources, as I said above, there have been articles about Global Payments in numerous national newspapers, including the New York Times and the Wall Street Journal.
I would ask the AfC reviewer to look at this article with an open mind, and ignore the history. - Mparrault (talk) 17:53, 13 January 2018 (UTC)
- Yeah I did take a look and did note that. Galobtter (pingó mió) 17:57, 13 January 2018 (UTC)
no need for duplications of both content and references
[edit](copied from from User Talk:Mparrault)
Please read the History of Edit Summaries at Global Payments and self-revert. Ping me at Talk:Global Payments if you want to discuss further. X1\ (talk) 19:40, 19 October 2018 (UTC) Got impatient. X1\ (talk) 21:29, 19 October 2018 (UTC)
- (moved from User Talk:X1\) Hi X1, I have reverted your deletion of content for this article. I realize most of your changes were re-organizing the article, but some content got deleted. Please stop reverting me. -Mparrault (talk) 14:03, 20 October 2018 (UTC)
- See Edit Summaries in View History. X1\ (talk) 19:41, 20 October 2018 (UTC)
- (moved from User Talk:Mparrault) Please detail exactly what was deleted at Talk:Global Payments#no need for duplications of both content and references. X1\ (talk) 19:47, 20 October 2018 (UTC)
- What was deleted was exactly the 1102 bytes which I restored in my original October 16th edit. X1, could you detail what was duplicated? -Mparrault (talk) 14:48, 24 October 2018 (UTC)
- @Mparrault: As has been documented in my edit summaries, and can be seen in the edits, and as I have previously stated: nothing was deleted, only added. You have detailed exactly nothing. Your byte count does not explain the situation, only what amount you duplicated:
- What was deleted was exactly the 1102 bytes which I restored in my original October 16th edit. X1, could you detail what was duplicated? -Mparrault (talk) 14:48, 24 October 2018 (UTC)
- As of 2017, 40% of revenue was derived from vertical and omnichannel services.[1]
- As of 2016, 75% of Global Payments revenue was from North America, 18% was from Europe, and 7% was from Asia-Pacific.[2]
- Both Global Payments and its subsidiary Heartland Payment Systems were among the leading credit card processing companies in 2016, according to Business Insider.[3]
- An RFC will be my next step, if you don't self-revert. X1\ (talk) 23:47, 24 October 2018 (UTC)
- OK, I've found where the material was duplicated, and I've deleted it. Sorry for the hassle. X1\, it would have been helpful if you had indicated earlier where the material was duplicated (which you never actually did), not just that it had been duplicated. -Mparrault (talk) 13:05, 25 October 2018 (UTC)
- On the other hand, I really should have used auto-search for the content earlier (I only manually searched before now). -Mparrault (talk) 13:18, 25 October 2018 (UTC)
- OK, I've found where the material was duplicated, and I've deleted it. Sorry for the hassle. X1\, it would have been helpful if you had indicated earlier where the material was duplicated (which you never actually did), not just that it had been duplicated. -Mparrault (talk) 13:05, 25 October 2018 (UTC)
- An RFC will be my next step, if you don't self-revert. X1\ (talk) 23:47, 24 October 2018 (UTC)
History section mass deletion
[edit]History
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.[4]
In 2011, Global Payments's United Card Service bought Alfa-Bank's credit card processing unit.[4]
In October 2012, it acquired the smaller Accelerated Payment Technologies for $413 million.[5]
In October 2014, it purchased Australian payment processing company Ezidebit for $305 million.[6]
In January 2015, it bought Payment Processing (also known as PayPros), a California company, for $420 million.[7]
On April 25, 2016, Global Payments completed the acquisition of Heartland Payment Systems[4] for $4.3 billion.[8] Both Global Payments and its subsidiary Heartland Payment Systems were among the leading credit card processing companies in 2016, according to Business Insider.[9] Its headquarters moved from Sandy Springs, Georgia to Atlanta, Georgia in 2016.[10]
In 2017, Global Payments initiated acquiring divisions of Active Networks.[11]
In 2018, Global Payments completed acquisition of AdvancedMD.[12]
In 2018, Global Payments completed acquisition of Sentral Education.[13]
On May 28, 2019, Global Payments announced a $21.5 billion merger with TSYS. The merger is expected to trigger a Federal Trade Commission investigation.[14]
X1\ (talk) 23:22, 26 September 2019 (UTC)
References
- ^ Cochrane, Matthew. "Global Payments' Successful Two-Pronged Strategy". Motley Fool. Retrieved 18 November 2017.
{{cite web}}
: Cite has empty unknown parameter:|dead-url=
(help) - ^ "Global Payments 2016 Annual Report". Global Payments. Retrieved 18 November 2017.
- ^ Meola, Andrew. "These are the leading credit card processing companies". Business Insider. Retrieved 18 November 2017.
- ^ a b c Dexter Filkins. "Was There a Connection Between a Russian Bank and the Trump Campaign? A team of computer scientists sifted through records of unusual Web traffic in search of answers". NewYorker.com. Retrieved 12 October 2018.
- ^ CNBC (2012-10-02). "Global Payments closes on APT acquisition". CNBC. Retrieved 2017-12-31.
- ^ Passmore, Daryl (2014-10-10). "Easy way to becoming a multimillionaire". The Courier-Mail. Retrieved 2017-12-31.
{{cite news}}
: Cite has empty unknown parameter:|dead-url=
(help) - ^ Whiteman, Lou (2014-01-24). "Global Payments Swipes Smaller Rival". TheStreet. Retrieved 2017-12-31.
- ^ Merced, Michael J. de la (2015-12-15). "Global Payments to Buy Heartland Payment for $4.3 Billion". The New York Times. ISSN 0362-4331. Retrieved 2017-12-31.
- ^ Meola, Andrew. "These are the leading credit card processing companies". Business Insider. Retrieved 18 November 2017.
- ^ Ibata, David (2016-07-06). "Global Payments moving HQ to Atlanta from Sandy Springs". The Atlanta Journal-Constitution. Retrieved 2017-12-19.
{{cite web}}
: Cite has empty unknown parameter:|dead-url=
(help) - ^ 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.
- ^ "Private Equity Hotshots and Deals". Retrieved 2018-12-28.
- ^ "Global Payment Merger with Total System".
Edit Request
[edit]![]() | This edit request by an editor with a conflict of interest was declined. |
NOTE: I am proposing this edit for FleishmanHillard on behalf of Global Payments I am a paid editor and aware of the COI guidelines. I am submitting this edit request to propose edits that would correct out-of-date information and add further information about the company. I’ve provided an overview of proposed edits below. Thanks for your time and consideration. Taylorcanderson (talk) 04:51, 1 October 2020 (UTC)
Business
- First paragraph of business section: Propose adding more detailed information about the work of Global Payments, as well as adding a sentence on TSYS, their issuer solutions business. Updated changes would appear as follows (additions/changes in bold):
Global Payments offers payment technology and software solutions to merchants, issuers and consumers. [1]. They are the country’s fifth biggest merchant acquirer, helping businesses accept traditional payment methods, such as credit, debit cards, as well as newer payment options such as digital [2] and contactless payments. [3]. They provide payments 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. Through TSYS, their issuer solutions business, they help banks manage their credit and debit card portfolios, for everything from card authorizations to detecting fraud and calculating rewards [4].
- Second paragraph of business section: Propose adding up-to-date and specific information on the location of Global Payments operations, as well as up-to-date financial performance information from this year. Updated changes would appear as follows (additions/changes in bold):
Operating in more than 100 countries [5], Global Payments reported total revenue of $3.6 billion for the first half of 2020 [6] and serves 3.5 million merchants as well as 1,300 financial institutions [7]. Global Payments processes more than 50 billion transactions annually [8]
- Third paragraph of business section: Propose adding the most recent reported revenue information. Updated changes would appear as follows (additions/changes in bold):
As of the end of 2019, 64% of the company’s revenue was derived from Merchant Solutions, roughly 25% from Issuer Solutions, and 11% from the Business and Consumer Solutions segment, which operates as NetSpend [9]. 80% of Global Payments Merchant Solutions revenue was from North America [10], 15% was from Europe (p 8 of Feb 2020 earnings), and 5% was from Asia (p 8 of Feb 2020 earnings) [11].Our Asian merchant business, which accounts for roughly 5% of segment revenue, continued to deliver double-digit constant-currency growth excluding Hong Kong.
- Fourth paragraph of business section: Propose adding up-to-date employee numbers post-merge with Total System Services. Updated changes would appear as follows (additions/changes in bold):
After merging with Total System Services (TSYS) in 2019, Global Payments has nearly 24,000 employees worldwide. [12]
It is a Fortune 1000 company.
History
- Propose updating the details of acquisitions and adding missing acquisitions, as well as the location of Global Payments headquarters. Updated changes would appear as follows (additions/changes in bold):
Global Payments was founded in 2000 and spun off from National Data Corporation, its former parent company, in 2001.[citation needed] 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 2011, Global Payments' United Card Service bought Alfa-Bank's credit card processing unit.
In October 2012, it acquired the smaller Accelerated Payment Technologies for $413 million.
In October 2014, it purchased Australian payment processing company Ezidebit for $268 million. [13]
In March 2014, Global Payments bought Payment Processing, Inc. (Paypros), a California company, for $420 million[14].
On June 2, 2015, Global Payments finalized the acquisition of FIS gaming business [15].
On April 25, 2016, Global Payments completed the acquisition of Heartland Payment Systems[8] for $4.3 billion.[12] Both Global Payments and its subsidiary Heartland Payment Systems were among the leading credit card processing companies in 2016, according to Business Insider.[13] Global Payments moved its headquarters to Atlanta in 2016 [16].
Global Payments completed its acquisition of ACTIVE Network in Sept. 2017 [17].
In 2018, Global Payments completed its acquisition of AdvancedMD.
In 2018, Global Payments completed its acquisition of Sentral Education.
In 2018, Global Payments acquired SICOM Systems for $415 million from LLR Partners [18].
On May 28, 2019, Global Payments announced a $21.5 billion merger with TSYS. On June 26, the merger cleared FTC investigation. The deal officially closed on September 18, 2019 [19] [20].
Taylorcanderson (talk) 04:51, 1 October 2020 (UTC)
- Hi Taylorcanderson. I'll look through these edits and sources and provide some feedback. At first glance, most look doable. --FeldBum (talk) 17:49, 1 October 2020 (UTC)
- Going through these one by one.
- "Solutions" is very marketing speak and doesn't really explain anything to readers. Is it software? Service? Both? I can infer from the WSJ article that the acquisition offered them more than just "insight" into consumer and issuer markets. How about "Global Payments provides payment technology and services to merchants, issuers and consumers"
- I don't see fifth-largest in either https://www.digitaltransactions.net/global-payments-shows-glimmers-of-optimism-in-the-face-of-covid-19-lockdowns/ or https://www.zacks.com/stock/news/729065/millennials-payandgo-trend-to-push-these-5-stocks-higher. Did I miss something in those sources or look at the wrong ones?
- Can you confirm that the Bloomberg article mentions rewards and fraud?
- I'd rewrite as "Global Payments operates in more than 100 countries and serves 3.5 million merchants as well as 1,300 financial institutions. In the first half of 2020, the company reported total revenue of $3.6 billion. Global Payments processes more than 50 billion transactions annually."
- I'll keep adding to this response --FeldBum (talk) 13:24, 7 October 2020 (UTC)
- Taylorcanderson Since it's been a few months and your account has been inactive since posting this request, I'm setting the
|answered=
parameter (right at the top of this paragraph) to yes in order to remove this from the requested edit queue. Feel free to change it to|answered=no
should you ever return to address the points raised. AngryHarpytalk 13:00, 11 January 2021 (UTC)
- Taylorcanderson Since it's been a few months and your account has been inactive since posting this request, I'm setting the
- Going through these one by one.
Not done for now: Hello, I share the same concerns as the editor before me.
- Seeking Alpha is generally considered an unreliable source, can you provide a different source.
- Your claim of "they are the country's fifth-biggest merchant..." is not only vague (which country), but not supported by the source cited.
- The specificity of some of these are very WP:PROMO like when the sentence can be significantly condensed.
- The history section also seems promotional,n, not just your additions, but the whole section. Why are these acquisitions significant.
Cheers, Heart (talk) 06:15, 20 June 2021 (UTC)
Clarification on Edit Request
[edit]@FeldBum: @AngryHarpy: Thank you both for your responses and apologies for the delayed response on my end. We’ve answered the questions outlined and made updates to the copy and references per FeldBum’s feedback below. Thank you for your consideration! Taylorcanderson (talk) 18:15, 14 January 2021 (UTC)
- Change the first sentence in business section to FeldBum’s suggested language
Global Payments provides payment technology and services to merchants, issuers and consumers. [21]
- Add source to back up fifth largest claim in second sentence of first paragraph of business section
They are the country’s fifth biggest merchant acquirer[22], helping businesses accept traditional payment methods, such as credit, debit cards, as well as newer payment options such as digital [23] and contactless payments. [24]
- Add source to back up “rewards and fraud” claim in last sentence of first paragraph in business section
Total System Services (TSYS), their issuer solutions business, they help banks manage their credit and debit card portfolios, for everything from card authorizations to detecting fraud and calculating rewards. [25] [26]
- Change sentence in second paragraph of business section to FeldBum’s suggested language
Global Payments operates in more than 100 countries and serves 3.5 million merchants as well as 1,300 financial institutions. [27] [28] In the first half of 2020, the company reported total revenue of $3.6 billion[29]. Global Payments processes more than 50 billion transactions annually. [30]
References
- ^ "Companies Boost Capabilities Through Mergers and Acquisitions". The Wall Street Journal. Retrieved September 29, 2020.
created two-sided platforms servicing both merchants and financial institutions
- ^ "Millennial's Pay-And-Go Trend To Push These 5 Stocks Higher". Zacks. Retrieved September 29, 2020.
provides payment technology and software solutions for card, electronic, check, and digital-based payments
- ^ "Global Payments Shows Glimmers of Optimism in the Face of Covid-19 Lockdowns". Digital Transactions. Retrieved September 29, 2020.
The company has also seen a 30% jump in contactless payments year-over-year
- ^ "Global Payments Agrees to Buy Total System Services". Bloomberg. Retrieved September 29, 2020.
Global Payments Inc. agreed to buy Total System Services Inc. in a deal valued at $21.5 billion, the payment industry's third mega-merger of the year
- ^ "Global Payments Completes TSYS Merger and other Digital Transactions News briefs from 9/18/19". Digital Transactions. Retrieved September 29, 2020.
The merged company serves 3.5 million merchant locations and 1,300 financial institutions in more than 100 countries
- ^ "How did COVID-19 affect Aflac, Global Payments and Synovus in Q2 2020? Take a look". Ledger-Enquirer. Retrieved September 29, 2020.
For the first half of 2020, Global Payments reported $3.6 billion in total revenue, up from $1.8 billion in 2019
- ^ "GPN Q2 earnings beat, ink deal with Amazon Web Services". Yahoo! Finance. Retrieved September 29, 2020.
time stamp 4:55-5:10
- ^ "Global Payments to buy TSYS for $21.5 billion in latest fintech deal". Reuters. Retrieved September 29, 2020.
After the deal Global Payments will process more than 50 billion transactions annually across the world
- ^ "Global Payments Continues To Reshape The Acquiring Landscape: Initiating Coverage With Buy". Seeking Alpha. Retrieved September 29, 2020.
GPN's business segments comprise of Merchant Solutions (64% of 2019e revenue), Issuer Solutions (25% of 2019e revenue) and Business & Consumer Solutions (11% of 2019e revenue)
- ^ "Global Payments Continues To Reshape The Acquiring Landscape: Initiating Coverage With Buy". Seeking Alpha. Retrieved September 29, 2020.
80% of GPN's Merchant Solutions business stems from North America and primarily comprises of Vertical and Integrated (13% of 2019e revenue)
- ^ "Global Payments (GPN) Q4 2019 Earnings Call Transcript". Nasdaq. Retrieved September 29, 2020.
Our merchant business in Europe, which accounts for roughly 15% of segment revenue, also posted another solid quarter, achieving high single-digit constant-currency growth.
- ^ "TSYS, Global Payments merger complete; Management team announced". WRBL. Retrieved September 29, 2020.
After four months of due diligence, the deal to merge Columbus-based TSYS and Global Payments Inc., was completed Wednesday morning, the companies announced. The new company has more than 24,000 employees.
- ^ "Ezidebit now part of Global Payments". Atlanta Business Chronicle. Retrieved September 29, 2020.
Global Payments Inc. closed its $268 million purchase of buy Brisbane, Australia-based integrated payments company Ezi Holdings Pty Ltd (Ezidebit)
- ^ "Global Payments Completes Acquisition of PayPros". Payment Source. Retrieved September 29, 2020.
Global Payments Inc. has completed its $420 million purchase of Payment Processing Inc.
- ^ "Global Payments finalises acquisition of FIS gaming business". IGaming Business. Retrieved September 29, 2020.
Payment solutions provider Global Payments has completed the acquisition of the gaming assets from Certegy Check Services, a subsidiary of Fidelity National Information Services (FIS)
- ^ "Global Payments confirmed as "Project Spinoza," will invest $220M in Atlanta and relocate headquarters to Buckhead". Atlanta Business Chronicle. Retrieved September 29, 2020.
Three Alliance Center, Tishman Speyer's 30-story office tower under construction at Lenox Road, will land the Global Payments headquarters
- ^ "Global Payments Completes Acquisition of ACTIVE Network". Global Payments. Retrieved September 29, 2020.
Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, announced today that it completed the previously announced acquisition of the communities and sports divisions of ACTIVE Network from Vista Equity Partners
- ^ "Global Payments acquiring Sicom". Fast Casual. Retrieved September 29, 2020.
Global Payments Inc., a provider of payment technology and software solutions is acquiring Sicom Systems for $415 million from LLR Partners.
- ^ "TSYS, Global Payments merger is complete. What does that mean for Columbus?". Ledger-Enquirer. Retrieved September 29, 2020.
The merger between Columbus-based electronic payments company TSYS and Atlanta-based Global Payments is complete, officials for the new venture announced Wednesday. The merger happened a little quicker than anticipated. The transaction was expected to close in the fourth quarter of 2019, said Troy Woods, TSYS' former President and CEO who now serves as Chairman of the Board for Global Payments.
- ^ "20191474: Global Payments Inc.; Total System Services, Inc". Federal Trade Commission. Retrieved September 29, 2020.
- ^ "Companies Boost Capabilities Through Mergers and Acquisitions". The Wall Street Journal. Retrieved September 29, 2020.
created two-sided platforms servicing both merchants and financial institutions
- ^ "Major Fintech Merger Speaks to Supremacy of Software in Age of Stripe, Square". Cheddar. Retrieved January 14, 2021.
Global Payments is the fifth largest merchant acquirer in the U.S., meaning it processes credit and debit card payments for merchants.
- ^ "Millennial's Pay-And-Go Trend To Push These 5 Stocks Higher". Zacks. Retrieved September 29, 2020.
provides payment technology and software solutions for card, electronic, check, and digital-based payments
- ^ "Global Payments Shows Glimmers of Optimism in the Face of Covid-19 Lockdowns". Digital Transactions. Retrieved September 29, 2020.
The company has also seen a 30% jump in contactless payments year-over-year
- ^ "Global Payments Agrees to Buy Total System Services". Bloomberg. Retrieved September 29, 2020.
Global Payments Inc. agreed to buy Total System Services Inc. in a deal valued at $21.5 billion, the payment industry's third mega-merger of the year
- ^ . Zacks title= Global Payments (GPN) Buys Total System, Adds Capabilities https://www.zacks.com/stock/news/526008/global-payments-gpn-buys-total-system-adds-capabilities title= Global Payments (GPN) Buys Total System, Adds Capabilities. Retrieved January 14, 2021.
Total System provides banks with credit and debit card portfolio management services which includes card authorization to detect fraud and calculating rewards.
{{cite news}}
: Check|url=
value (help); Missing or empty|title=
(help); Missing pipe in:|url=
(help) - ^ "Global Payments Completes TSYS Merger and other Digital Transactions News briefs from 9/18/19". Digital Transactions. Retrieved September 29, 2020.
The merged company serves 3.5 million merchant locations and 1,300 financial institutions in more than 100 countries
- ^ "GPN Q2 earnings beat, ink deal with Amazon Web Services". Yahoo! Finance. Retrieved September 29, 2020.
time stamp 4:55-5:10
- ^ "How did COVID-19 affect Aflac, Global Payments and Synovus in Q2 2020? Take a look". Ledger-Enquirer. Retrieved September 29, 2020.
For the first half of 2020, Global Payments reported $3.6 billion in total revenue, up from $1.8 billion in 2019
- ^ "Global Payments to buy TSYS for $21.5 billion in latest fintech deal". Reuters. Retrieved September 29, 2020.
After the deal Global Payments will process more than 50 billion transactions annually across the world
Updated Edit Request
[edit]![]() | This edit request by an editor with a conflict of interest has now been answered. |
NOTE: I’m proposing the following edits for FleishmanHillard on behalf of Global Payments. I am a paid editor and aware of the COI guidelines. I’m submitting the following edit request to update outdated (2017) information in the Infobox and provide sourced information for the Business section due to most information being currently unsourced and outdated. Please let me know of any questions or comments as you review. Thanks for your time and consideration. Jon Gray (talk) 21:08, 9 September 2021 (UTC)
Infobox
- Propose updating the following information in the infobox to reflect the latest figures available. Related sourcing is below as well.
Business
- Propose replacing the existing first sentence with the following (proposed revision in bold):
Global Payments provides payment technology and services to merchants, issuers and consumers.[6]
- Propose replacing the existing second sentence with the following (proposed revision in bold):
The company processes payments made through credit cards, debit cards[7]and digital and contactless payments.[8]
- Propose replacing the existing third and fourth sentences in this section with the following (proposed revision in bold):
They provide payments services both directly to merchants and indirectly through other financial organizations. Global Payments technology-enabled services also support integrated payments, e-commerce, and omni-channel services.[9][10]
- Propose adding the following info to the business section following the aforementioned revisions to the first paragraph (proposed additions in bold):
Through Total System Services (TSYS), their issuer processor business, Global Payments helps banks manage credit and debit card portfolios.[11]
Global Payments operates in more than 100 countries and serves 3.5 million merchants as well as 1,300 financial institutions.[12] The company processes more than 50 billion transactions per year.[13] After merging with TSYS in 2019, Global Payments has nearly 24,000 employees.[14]
- Propose replacing the existing second paragraph in the Business section with the following up-to-date information regarding the company’s revenue breakdowns:
In 2020, 63% of the company’s revenue was derived from Merchant Solutions [15], 26% from Issuer Solutions,[16] and 11% from the Business and Consumer Solutions segment,[17] which operates as NetSpend.[18] 80% of Global Payments Merchant Solutions revenue was from North America, 15% was from Europe, and 5% was from Asia.[19]
- Global Payments was named to the Fortune 500 list in June 2021. As such, recommend revising the final sentence of this section to read:
In June 2021, the company was named to the Fortune 500.[20]
Done. The updates to the business section were moved to a new Services and operations section in keeping with Wikipedia's layout. Any other edits were language-based. Thanks, Heartmusic678 (talk) 16:05, 13 December 2021 (UTC)
References
- ^ "Fortune 500 Global Payments". Forbes. June 2, 2021. Retrieved August 10, 2021.
Revenues ($M) 7,423.6
- ^ FORM 10-K (PDF) (Report). Global Payments. February 26, 2021. p. 32. Retrieved August 11, 2021.
Year Ended December 31, 2020, Operating Income: $893,953 (dollar amount in thousands)
- ^ FORM 10-K (PDF) (Report). Global Payments. February 26, 2021. p. 32. Retrieved August 11, 2021.
Year Ended December 31, 2020, Net Income: $605,100 (dollar amount in thousands)
- ^ FORM 10-K (PDF) (Report). Global Payments. February 26, 2021. p. 32. Retrieved August 11, 2021.
Year Ended December 31, 2020, Total assets: $44,201,545 (dollar amount in thousands)
- ^ FORM 10-K (PDF) (Report). Global Payments. February 26, 2021. p. 32. Retrieved August 11, 2021.
Year Ended December 31, 2020, Total equity: $27,487,044 (dollar amount in thousands)
- ^ "Global Payments and TSYS to combine in 'merger of equals'". Atlanta Business Chronicle. May 28, 2019. Retrieved August 10, 2021.
Combined, Global Payments and TSYS will provide payments and software services to approximately 3.5 million predominantly small to mid-sized (SMB) merchant locations and more than 1,300 financial institutions across more than 100 countries.
- ^ "Major Fintech Merger Speaks to Supremacy of Software in Age of Stripe, Square". Cheddar. May 28, 2019. Retrieved August 10, 2021.
Global Payments is the fifth largest merchant acquirer in the U.S., meaning it processes credit and debit card payments for merchants.
- ^ "Global Payments Shows Glimmers of Optimism in the Face of Covid-19 Lockdowns". DigitalTransactions.net. May 6, 2020. Retrieved August 10, 2021.
E-commerce processing is thriving as consumers stuck at home shift shopping patterns away from in-store purchases. The company's ominichannel and e-commerce processing business was up about 10% last month, Sloan reported. The company has also seen a 30% jump in contactless payments year-over-year, Sloan said, though he did not give specifics. Companies are reporting higher contactless card usage as consumers avoid touching keypads at the point of sale.
- ^ "Major Fintech Merger Speaks to Supremacy of Software in Age of Stripe, Square". Cheddar. May 28, 2019. Retrieved August 10, 2021.
Global Payments is the fifth largest merchant acquirer in the U.S., meaning it processes credit and debit card payments for merchants.
- ^ "Global Payments Shows Glimmers of Optimism in the Face of Covid-19 Lockdowns". DigitalTransactions.net. May 6, 2020. Retrieved August 10, 2021.
E-commerce processing is thriving as consumers stuck at home shift shopping patterns away from in-store purchases. The company's ominichannel and e-commerce processing business was up about 10% last month, Sloan reported. The company has also seen a 30% jump in contactless payments year-over-year, Sloan said, though he did not give specifics. Companies are reporting higher contactless card usage as consumers avoid touching keypads at the point of sale.
- ^ "Global Payments Agrees to Buy Total System Services". Bloomberg. May 27, 2019. Retrieved August 10, 2021.
Global Payments Inc. agreed to buy Total System Services Inc. in a deal valued at $21.5 billion, the payment industry's third mega-merger of the year...Total System Services is what's known as an issuer processor, meaning it helps banks manage their credit and debit card portfolios for everything from card authorizations to detecting fraud and calculating rewards.
- ^ "Global Payments Completes TSYS Merger and other Digital Transactions News briefs from 9/18/19". DigitalTransactions.net. September 18, 2019. Retrieved August 10, 2021.
The merged company serves 3.5 million merchant locations and 1,300 financial institutions in more than 100 countries.
- ^ "Global Payments to buy TSYS for $21.5 billion in latest fintech deal". Reuters. May 28, 2019. Retrieved August 10, 2021.
After the deal Global Payments will process more than 50 billion transactions annually across the world, making it one of the biggest players in integrated payment technology.
- ^ "TSYS, Global Payments merger complete; Management team announced". WRBL. September 18, 2019. Retrieved August 10, 2021.
The new company has more than 24,000 employees.
- ^ "Will Global Payments (GPN) Sustain Its Earnings Streak in Q2?". Zacks.com. July 26, 2021. Retrieved August 11, 2021.
Revenues of Global Payments' biggest operating segment, which is Merchant solutions (accounting for 63% of the company's top line), are likely to have grown as a result of higher spending.
- ^ FORM 10-K (PDF) (Report). Global Payments. February 26, 2021. p. 37. Retrieved August 11, 2021.
Year Ended December 31, 2020, Issuer Solutions: $1,981,435 (dollar amounts in thousands); 26.7% of Revenue
- ^ FORM 10-K (PDF) (Report). Global Payments. February 26, 2021. p. 37. Retrieved August 11, 2021.
Year Ended December 31, 2020, Business and Consumer Solutions: $829,505 (dollar amounts in thousands); 11.2% of Revenue
- ^ FORM 10-K (PDF) (Report). Global Payments. February 26, 2021. p. 9. Retrieved August 11, 2021.
Our Business and Consumer Solutions segment provides general purpose reloadable ("GPR") prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the underbanked and other consumers and businesses in the United States through our Netspend® and other brands.
- ^ FORM 10-K (PDF) (Report). Global Payments. February 26, 2021. p. 77. Retrieved August 11, 2021.
Merchant Solutions – Americas: $3,240,233; Europe: $614,747; Asia Pacific: $243,600
- ^ "Fortune 500: Global Payments". Fortune. June 2, 2021. Retrieved August 11, 2021.
The company provides payment technology and software services; in all, it facilitates transactions for more than 3 million businesses. Global Payments makes its debut on the Fortune 500 this year, buoyed by a stellar 2020 in which its revenue rose 51%, to $7.4 billion, as the pandemic encouraged more consumers to adopt cashless payment.
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