Our colleagues come first and our employees are the most important contributors to our success. Our new partnership creates the leading worldwide pure-play payments technology company. Together, we bring complementary payment solutions and services to better serve our customers and partners. Further, Global Payments has not identified all adjustments necessary to conform TSYS’ accounting policies and financial statement presentation to Global Payments’ policies and presentation. Our new partnership creates the leading worldwide pure-play payments technology company. by: Jeffrey S. Sloan • Wednesday, September 18, 2019. Today we’re excited to announce the close of our merger with Total System Services (TSYS). TSYS adds complementary issuing solutions to Global Payments acquiring services. We’re creating a powerful culture with the best employees, providing the best experiences for you, our customers, with the best technology, in the best markets. The company could do a "big international deal" a year from now, Ellis said. With 100% focus on payments, we bring unmatched reach and extensive scale to help you grow your business with confidence.Additionally, our portfolio of innovative products and solutions has widened, providing you with even more tools and services to accelerate your business’ performance and growth. Financial institutions will benefit from new collaborations with acquiring partners in attractive growth markets where we do business.Combined, as the leading pure-play payments technology company worldwide, we are committed to simplifying commerce so you can focus on managing and growing your business confidently.Our people are what make this all possible. From point of sale, ecommerce, mobile commerce, unified commerce, unattended retail, IoT, integrated software, payroll, paycard, prepaid, reporting, customer engagement, analytics and marketing, we have it all to fully support your business needs, whether you are a single-location business, a financial institution or a multi-location global enterprise.As a combined company, we’re bringing more of the payments value chain under one roof. Global Payments and TSYS are very proud of the strong, complementary cultures we have developed over many years. TSYS Merchant Solutions is a registered ISO/MSP of Wells Fargo Bank, N.A., Concord, CA; Synovus Bank, Columbus, GA, First National Bank of Omaha, Omaha, NE; and Deutsche Bank, New York, NY for Visa and Mastercard transactions only. by: Jeffrey S. Sloan • Wednesday, September 18, 2019. ATLANTA--(BUSINESS WIRE)--May 6, 2020-- Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced that TSYS, its Issuer Solutions business, has signed a long-term agreement with Truist Financial Corporation (NYSE: TFC), to process the bank’s consumer, commercial and small business credit card portfolios. Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.Sloan will serve as chief executive officer of the newly-formed company, with Cameron Bready named as president and chief operating officer, Paul Todd becoming senior executive vice president and chief financial officer and Guido Sacchi continuing as senior executive vice president and chief information officer.——————————Get our hottest stories delivered to your inbox.© 2020 What’s Next Media and Analytics
Analysts expect the combined company to carry on Global Payments' interest in M&A. With digital payments growing in popularity, the industry is looking to capitalize and expand its offerings, fueling a spate of mergers. The TSYS-Global Payments merger is the third mega-deal in the payment industry this year. Today we’re excited to announce the close of our merger with Total System Services (TSYS). TSYS will also expand Global Payments e-commerce presence in the U.S. and give it exposure to some of the fastest growing digital payment trends.
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