total system services global payments

Payment processing until recently was a predictable, stodgy business. Both companies are credit and bank processors for merchants. Dünyanın önde gelen ödeme teknolojisi şirketleri Global Payments ve Total System Services birleşme kararı aldılar. Global Payments Inc. GPN, a provider of payments technology and software solutions to customers globally, has completed its earlier announced acquisition of Total System Services, Inc. Bready said the two companies have areas where there is "significant overlap," creating opportunities to cut costs with little risk. The deal values TSYS at … Shares in Total System Services Inc. rose about 4% in premarket trading and shares of Global Payments Inc. fell by about the same. You've got disruptors coming in. The combined company will have a worldwide customer base of 3.5 million merchants, 1,300 financial institutions, and 600 million cardholders, and will facilitate approximately $50 billion of transactions per year. 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). ... ©2020 Total System Services LLC. How Carrefour Brasil Confronted Coronavirus Challenges. Today, you can walk into a small merchant ... and using your phone, can underwrite that merchant, you can offer payroll services today. Total System Services, Inc. (commonly referred to as TSYS), headquartered in Columbus, Georgia, provides payment processing services, merchant services and related payment services. Cumulative Growth of a $10,000 Investment in Stock Advisor, Global Payments Acquires Total System Services: Everything Investors Need to Know @themotleyfool #stocks $GPN $TSS $FIS $FISV $SQ, Why Global Payments Stock Fell 11.2% Last Month, Total System Services Inc (TSS) Q3 2020 Earnings Call Transcript, Total System Services Inc (TSS) Q2 2020 Earnings Call Transcript, Global Payments (GPN) Q1 2020 Earnings Call Transcript, Copyright, Trademark and Patent Information. CNBC'nin haberine göre birleşme kararı bu sabah kamuoyuna duyurulacak. All of these deals featured players in the payment processing arena, both on the merchant and financial institution side. Dünyanın önde gelen ödeme teknolojisi şirketleri Global Payments ve Total System Services birleşme kararı aldılar. Atlanta-based Global Payments, on the other hand, is the country’s fifth-biggest merchant acquirer, helping businesses handle credit- and debit-card payments. “We are going to be in a position to continue to invest in growth and not be over-burdened with debt such that we can’t innovate and invest,” Cameron Bready, Global Payments’ chief financial officer, said in an interview. Wachtell, Lipton, Rosen & Katz is providing legal advice for Global Payments, while King & Spalding is helping Total System. The deal values TSYS at approximately $21.5 billion, representing about a 20% premium to the company's value before the merger was made public. Under terms of the arrangement, Total System Services shareholders will receive 0.8101 shares of Global Payments for every share. Negotiations between the companies became more serious a couple of months ago as rivals announced their own deals in a clamor for a bigger share of the nearly $100 billion merchants spend on swipe fees each year. Those are small-ticket items each individually. Total System shares rose 6.9% to $121.24 at 10:31 a.m. in New York. If it is finalized, it will be the third-largest fintech deal of all time, according to S&P Global Market Intelligence. TSYS shareholders will own 48% of the combined company. The price tag places this as the third-largest fintech agreement ever. Working directly with merchants, both firms also provide supporting services, analytics, and payment-related services for financial firms. 28 Mayıs 2019 08:19 Haberler. Fiserv CEO Jeffery Yabuki, when talking about the new company's priorities, said: I mean, a lot of banks, especially in the community spaces, are worried about companies like Square. Global Payments ve Total System Services birleşme kararı aldılar. This combination creates more efficient payments for businesses and financial institutions by enabling faster transactions, higher authorization rates, quicker settlements and better fraud detection. 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