 | |
| Company type | Public |
|---|---|
| Industry | Payment processing |
| Founded | 2000, as a National Data Corporation subsidiary 2001, spun off from parent company |
| Headquarters | Three Alliance Center Atlanta, Georgia, U.S. |
Key people | Cameron M. Bready (president and CEO) Andréa Carter (CHRO) David Rumph (CFO) |
| Revenue |  US$7.4 billion (2020)[1] |
| US$893 million (2020)[2] | |
| US$605 million (2020)[3] | |
| Total assets | US$44.2 billion (2020)[4] |
| Total equity | US$27.4 billion (2020)[5] |
Number of employees | 24,000[6] (2020) |
| Subsidiaries | TSYS Heartland Payment Systems |
| Website | www.GlobalPayments.com |
| Footnotes / references [7] | |
Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers.[8] In June 2021, the company was named to the Fortune 500.[9] The company processes payments made through credit cards, debit cards,[10] and digital and contactless payments.[11]
- ^ "Fortune 500 Global Payments". Forbes. June 2, 2021. Retrieved August 10, 2021.
Revenues ($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 (GPN)". Forbes. Retrieved 2021-01-15.
Employees 24,000 ... As of May 12, 2020
- ^ "US SEC: Form 10-K Global Payments Inc". U.S. Securities and Exchange Commission. Retrieved March 1, 2018.
- ^ "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.
- ^ "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.
- ^ "Major Fintech Merger Speaks to Supremacy of Software in Age of Stripe, Square". Cheddar. May 28, 2019. Archived from the original on July 31, 2021. 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.