In addition to factors previously disclosed in Global Payments’ reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: difficulties and delays in integrating the TSYS and Global Payments businesses, including with respect to implementing systems to prevent a material security breach of any internal systems or to successfully manage credit and fraud risks in business units; failing to fully realize anticipated cost savings and other anticipated benefits of the merger with TSYS when expected or at all; failing to comply with the applicable requirements of Visa, Mastercard or other payment networks or card schemes or changes in those requirements; the ability of Global Payments to retain and hire key personnel; the business, economic and political conditions in the markets in which Global Payments operate; the impact of new or changes in current laws, regulations, credit card association rules or other industry standards, including privacy and cybersecurity laws and regulations; and events beyond Global Payments’ control, such as acts of terrorism. For example, Global Payments and TSYS can use technology acquired from the earlier Heartland deal to sell lending and payroll services to merchants, a popular play for fintechs such as Square that Global Payments and TSYS can augment via a network of 1,300 financial institution clients. Global Payments and TSYS will host a conference call today, May 28, 2019 at 8:00 a.m. Atlanta-based Global Payments and Columbus, Ga.-based TSYS on May 28 announced a "merger of equals" to create one of the country's largest fintech companies. ... Visit Payments in Focus, Global Payments' digital publication with expertise and innovation. "This industry defining partnership dovetails with our technology-enabled strategy and fortifies Global Payments’ leadership position in integrated payments, owned software, and omnichannel solutions across the most attractive markets globally. The Journal said a $70 billion merger of FIS and Global Payments would have been the largest deal of any business in 2020. Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payments technology and software solutions, announced today that it has completed its merger with TSYS, forming the premier pure play payments technology company with extensive scale and unmatched global reach. Global Payments Completes Merger with TSYS, Creating Preeminent Technology-Enabled Payments Company. Global Payment (GPN) closed a new senior unsecured $2B term loan and an unsecured $3B revolving credit facility on July 9 in connection with its previously announced merger with Total System Services, TSYS,(TSS). As for the forward-looking statements that relate to future financial results and other projections, actual results will be different due to the inherent uncertainties of estimates, forecasts and projections and may be better or worse than projected and such differences could be material. Global Payments, TSYS merge in $21.5 billion deal as fintech, payments market evolves to be software driven. Global Payments Inc. (NYSE: GPN) is a leading pure play payments technology company delivering innovative software and services to our customers globally. © Global Payments Inc. All rights reserved, Global Payments Completes Merger with TSYS, Creating Preeminent Technology-Enabled Payments Company, https://www.businesswire.com/news/home/20190918005190/en/. Under the terms of the merger agreement, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS common stock, representing an equity value for TSYS of approximately $21.5 billion. ATLANTA--(BUSINESS WIRE)--Sep. 18, 2019-- Global Payments merger with TSYS reflects globalisation trend in the payments industry, says GlobalData. Certain of the matters discussed in this communication which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Josh Whipple will serve as Senior Executive Vice President and Chief Strategy and Risk Officer and be responsible for worldwide mergers & acquisitions, strategic planning and enterprise risk. AGREEMENT AND PLAN OF MERGER, dated as of May 27, 2019 (this “Agreement”), by and between Total System Services, Inc., a Georgia corporation (“TSYS”), and Global Payments Inc., a Georgia corporation (“Global Payments”). For a more detailed discussion of these factors, also see the information under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Global Payments’ most recent annual reports on Form 10-K for the year ended December 31, 2018, quarterly reports on Form 10-Q for the periods ended March 31, 2019 and June 30, 2019, and any material updates to these factors contained in any of Global Payments’ other filings. Global Payments declined to comment, while Total System Services did not respond to a request for comment. Fidelity National Information Services Inc. and Global Payments Inc. recently held unsuccessful talks for a merger deal that could have been valued at … You must click the activation link in order to complete your subscription. The TSYS-Global Payments merger is the third mega-deal in the payment industry this year. ET to discuss the transaction. Shares of Columbus, Georgia-based Total System Services, commonly known as TSYS, are up to 23% year to date, giving the company a market capitalization of $17.6 billion. Global Payments Direct, Inc is a registered ISO of BMO Harris Bank N.A. Months later, Global Payments did a roughly $22 billion deal for Total Systems Services Inc., which was better known as TSYS. Then FIS struck a $35 billion deal for Worldpay Inc., the largest payments deal to date. Global Payments has also been expanding. Annualized, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results. Investor Contact: After FIS & Worldpay, and Fiserv and First Data, this was the third instalment in the story of the mega-mergers in the payments industry of 2019. Columbus-based TSYS will merge with Global Payments in a deal valued at nearly $21.5 billion. Global Payments's purchase of TSYS closed in September 2019 and was meant to expand its e-commerce presence in the U.S. and boost market share. AGREEMENT AND PLAN OF MERGER, dated as of May 27, 2019 (this “Agreement”), by and between Total System Services, Inc., a Georgiacorporation (“TSYS”), and Global Payments Inc., a Georgia corporation (“Global Payments”). "This industry defining partnership dovetails with our technology-enabled strategy and fortifies Global Payments’ leadership position in integrated payments, owned software, and omnichannel solutions across the most attractive markets globally. Following the news that Global Payments is merging with TSYS for $22bn, Bhavika Shah, Payments Analyst at GlobalData, a leading data and analytics company, offers her comments: David Green, Global Payments Inc. Green led Global Payments' merger with TSYS in 2019. article Global Payments to acquire TSYS in $21.5B merger. Shares of Columbus, Georgia-based Total System Services, commonly known as TSYS, are up to 23% year to date, giving the … On May 28, 2019, Global Payments announced a $21.5 billion merger with TSYS. GlobalData’s online consumer payments analytics show that since 2011, card-based online payments have been declining in terms of share of online payments in favour of alternative tools, which exceeded 50% of the e-commerce market in 2018. By Jonathan Ringel | September 11, 2020 at 01:00 PM At Global Payments Inc., we promise to treat your data with respect and will not share your information with any third party. The Business Journals. Any forward-looking statements speak only as of the date of this communication or as of the date they were made, and Global Payments does not undertake any obligation to update forward-looking statements. Select a City. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Putting weeks of speculation to bed, Global Payments and TSYS made it official, announcing a $21.5 billion merger of the two payments companies. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to projections of revenue, income or loss, earnings or loss per share, the payment or nonpayment of dividends, capital structure and other financial items; statements of plans and objectives of Global Payments or its management or Board of Directors, including those relating to products or services; and statements of future economic performance — are forward-looking statements. Global Payments will own 52 percent of the combined company, while TSYS … If you experience any issues with this process, please contact us for further assistance. 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