The Merger Agreement should not be read alone, but should instead be read in conjunction with the other information regarding Global Payments, TSYS, their respective affiliates or their respective businesses, the Merger Agreement and the Merger that will be contained in, or incorporated by reference into, the Registration Statement on Form S-4 that will include a Joint … When the first rumours about the Global Payments / TSYS deal came out on the bank holiday Monday, it was obvious that this would need to be deal we had to cover in this month’s newsletter. Sep. 18, 2019- 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. Payment software and technology provider Global Payments has announced it will combine with Total System Services (TSYS) in an all-stock merger of equals at the value of $21.5 billion.. Kabbage Working Capital Loans. 6 takeaways from the Global Payments-TSYS merger. TSYS also helps banks issue credit and debit cards to … Our new partnership creates the leading worldwide pure-play payments technology company. Case M.9452 - GLOBAL PAYMENTS / TSYS Only the English text is available and authentic. Both Global Payments and TSYS have built industry-leading solutions in payments … Working with 1,300 financial institutions and 3.5 million … In 1993, TSYS ® expanded operations into Mexico and entered the Canadian market in 1994, with some of the country's largest retailers as clients. Global Payments, TSYS merge in $21.5 billion deal as fintech, payments market evolves to be software driven. Further, Global Payments has not identified all adjustments necessary to conform TSYS’ accounting policies and financial statement presentation to Global Payments’ policies and presentation. Paul served as senior EVP and chief financial officer of TSYS from 2014 until the closing of the company’s merger with Global Payments in September 2019. Conference Call Global Payments' management will host a live audio webcast today, August 3, 2020, at 8:00 a.m. Digital Payments News: Global Payments and Total System Services (TSYS) are reportedly in talks about a merger as the industry consolidation continues. In addition to traditional merchant processing, both Global Payments and TSYS … The complementary end market vertical strengths and similar distribution strategies of the two companies create opportunities to both enhance … A potential merger, joint venture, or partnership may be in the offing for Global Payments Inc. and Total System Services Inc. (TSYS). Visa Next Platform for Consumer Payment Products. Boku’s Mobile Identity Verification Service. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 16/09/2019 In electronic form on the EUR-Lex website under document number 32019M9452. The combined entity will provide payments … Global Payments Inc., an Atlanta, Georgia-based leading global provider of paytech software solutions, as per recent reports, has just agreed upon buying Total System Services (TSYS), a Columbus, Georgia-based credit card processor and merchant acquirer, in a $21.5 billion merger deal. Battle of the fintechs All six of the big buyers and sellers — FIS, Worldpay, Fiserv, First Data, TSYS and Global Payments — face disintermediation by well-funded and smaller technology companies that are attractive to … ACH Payments in the U.S.—2018. Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE Europese Commissie, DG COMP MERGER … Global Payments,, a leading provider of payment technologies and TSYS , a leading global payments provider, have entered into a definitive agreement to combine in an all-stock merger … Upon completion of the merger, Global Payments shareholders will own about 52% of the newly combined company and TSYS shareholders the remaining 48%. Global Payments completed its merger with TSYS in September 2019, “creating the worldwide leader in payments technology,” CEO Jeff Sloan said Feb. 12. Citi’s Real-Time Verification Service. Global Payments and TSYS to Merge. It had $1.28 billion in cash and cash equivalents as of March 31, according to its … Global Cards—2018. Global Payments … The two merchant-processing powerhouses have held preliminary discussions about a combination of some sort, according to a report late Thursday by Bloomberg.com.. Under the terms of the merger agreement, TSYS shareholders will receive 0.8101 Global Payments shares for each share of TSYS … 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. “The other large companies do have components of that but they are also doing mortgage services and many other things that a bank might need,” Woods said. In a statement, the two companies have said they will provide payments and software solutions to approximately 3.5 million predominantly small to mid-sized (SMB) merchants, and … IC Payments May 28, 2019 News 0. Shenzhou Anfu POS Terminal Global Payments is buying TSYS in a merger valued at $21.5 billion, marking the latest in a series of international mergers and acquisitions of payments and POS technology companies. Bora Payments for Virtual Purchasing Cards. During his time in that role, Paul directed TSYS’ … Since the merger is a stock-only deal, Global Payments' capital structure remains unchanged. The deal will also streamle how payments technology is packaged with other merchant services in the sales process, Woods said. In the back office of a community bank in 1974, we got our start in payments processing and have since become a global provider in payments for financial institutions, merchants and consumers. Look to TSYS in North America for: Payment … Payments companies Global Payments and TSYS (Total System Services) have finalized a merger deal that creates a combined pure play payments … Philip McHugh, senior executive vice president of merchant solutions at TSYS, acknowledges that TSYS can’t sit by idly as the payments industry shifts from older, hardware-based systems to software, cloud-based solutions. Prior to becoming CFO at TSYS, Paul served the company as executive vice president with responsibility for strategy, mergers and acquisitions, and product and marketing. Global Payments has inked a deal to acquire Total System Services (TSYS) in a $21.5 billion deal. Here are six takeaways from the deal. M.9452 • GLOBAL PAYMENTS / TSYS SECTION 1.2 Description of the concentration On 27 May 2019, Global Payments Inc. (“Global Payments”) and Total System Services, Inc. (“TSYS”) entered into an agreement and plan of merger pursuant to which TSYS will merge with and into Global Payments, with Global Payments being the surviving entity (the “Transaction”). Global Payments and TSYS in mega-merger Merchant acquirer Global Payments has agreed to buy issuer processor firm Total System Services (TSYS) in a $21.5 billion deal, Jane Connolly writes. The two companies confirmed the deal today (May 28) in what will be the payment industry’s third “mega-merger” of 2019. The merger of the merchant acquiring businesses of Global Payments and TSYS creates a scaled leader in small and medium sized enterprise (SME) merchant acquiring in the US with leading integrated payments capabilities. So what makes the $21.5 billion merger of Global Payments and TSYS tick, and what questions does it raise? Global Payments, a leading worldwide provider of payment technology and software solutions, agreed to acquire and merge with Total System Services, a United States credit card processor, merchant acquirer and bank credit card issuer, in a $21.5bn deal. Global Payments announced its acquisition of TSYS in a $21.5bn all-stock deal on Tuesday as the consolidation cycle sweeping through the sector continued. Global Payments' Board of Directors approved a dividend of $0.195 per share payable September 24, 2020 to shareholders of record as of September 10, 2020. The combined company, Global Payments Inc. , provides innovative payments … Global Payments (NYSE:GPN), a leading worldwide provider of payment technology and software solutions, and TSYS (NYSE:TSS), a leading global payments The deal is not subject to any financing conditions, the companies … Global Payments and Total System, known as TSYS, said the combined firm would provide payment and software services to 3.5 million merchants and … Global Payments (GPN), a leading worldwide provider of payment technology and software solutions, and TSYS (TSS), a leading global payments provider offering innovative solutions across the issuing, merchant and consumer segments, announced Tuesday that they have entered into a definitive agreement to combine in an all-stock merger of equals. In a $21.5 billion all-stock deal, Global Payments Inc., a global provider of payment processing technology and software solutions, merged with TSYS (Total System Services) to form a pure-play payments company using the name Global Payments, the largest merger of payment technology companies to date. 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… Global is known for its payments software, while TSYS has a deeper footprint in e-commerce payments. Global Payments Inc. and Total System Services Inc. have announced an agreement to merge in a deal valued at $21.5 billion. ET to discuss financial results and business highlights. On a call to discuss the TSYS merger, Global Payments executives stressed that the integration would not be prolonged, and management seemed to already have an eye toward future expansion. Second, the Global Payments-TSYS deal was an all-stock merger that left TSYS shareholders with 48% of shares and created no new debt. Together, we bring complementary payment solutions and services to better serve our customers and partners. Bloomberg , citing to people with knowledge of … Global Payments Inc. and Total System Services Inc. (TSYS) made it official Tuesday they are merging in an all-stock deal that values TSYS at $21.5 billion and will leave Global with 52% of the combined entity. The acquisition is expected to close in the fourth quarter, pending regulatory and shareholder approvals. Today we’re excited to announce the close of our merger with Total System Services (TSYS). May 28, 2019 | by David Jones.