Global Payments, Inc.

Global Payments, Inc. Overview

Company Headquarters: US

Founded: 1967

Workforce: ~25,000

Company Working: Global Payments Inc. is a payments technology company that delivers software and services. The Company operates through three segments: Merchant Solutions, Issuer Solutions and Business, and Consumer Solutions. The Merchant Solutions segment provides payments technology and software solutions to customers globally. This segment offerings include authorization, settlement and funding services, customer support, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and reporting. The Issuer Solutions segment provides solutions that enable financial institutions and other financial service providers to manage their card portfolios. The Consumer Solutions segment provides general purpose reloadable (GPR) prepaid debit and payroll cards, demand deposit accounts and other financial service solutions to the underbanked and other consumers and businesses in the United States through its Netspend and other brands.

Strategy

Global Payments Inc.'s strategy revolves around innovation, partnership, and expansion. The company continually invests in developing new products and services that enable its clients to accept and process payments securely and efficiently. The company has also embraced digital transformation, offering mobile payments, e-commerce solutions, and virtual point-of-sale technologies to meet the changing needs of its customers. The company collaborates with leading banks, technology providers, and other organizations to provide its clients with access to the latest payment processing technologies and software solutions. Global Payments has developed specific solutions to cater to the needs of the healthcare industry. The company's healthcare payment processing solutions are designed to streamline billing and payment processes, reduce administrative costs, and improve patient experiences. These solutions include patient payment portals, payment plans, and automated payment posting.

Company Snapshot

$4.91M

Revenue

25,000

Employees

1967

Founded

US

Headquarters

SWOT Analysis

Strengths

Fund settlement models
Wide geographic presence and distribution capabilities
Strong market positions
Financial performance
Fund Settlement models
Strong market position
Improved financial performance enhances growth and expansion plans

Weaknesses

Increasing trade receivables

Opportunities

Strategic agreements
New product launches
Growing payment channel in the US, the UK, Brazil, Germany, and Mexico
Acquisition of Active Network LLC
Emergence of fintech
Strategic acquisitions strengthen business operations
Growth in the market for payment channels: the US

Threats

Competition
Rapid changes in technology
Risk related to online identity and theft and hacking
Intense competition in the payments market
Rapid technological changes
Concerns related to cryptocurrencies

Key Developments

Date	Approach	Development
November 2022	Product launch	Global Payments has launched a Bank Payment, a new payment method that allows companies to give customers more payment options. This payment mechanism takes advantage of Open Banking's direct, secured access to bank accounts, laying the groundwork for future payments innovation.
June 2021	Acquisition	Global Payments Inc., acquired Zego, a real estate technology company that provides a comprehensive resident experience management software and digital commerce solutions to property managers, primarily in the United States, for cash consideration of approximately $933 million. This acquisition aligns with technology-enabled, software driven strategy and expands business into a new vertical market.
February 2021	Partnership	Global Payments Inc. and Google entered a multi-year partnership to develop revolutionary cloud-based solutions and capabilities that will enable best-in-class digital retailer customer experiences globally. Global Payments will transition its merchant purchasing technology to Google Cloud during this partnership and provides merchant acquiring services to Google in order to expand its global market reach.
December 2021	Acquisition	Global Payments Inc. completed other strategic business acquisitions for an aggregate purchase price of approximately $963million. The acquisition of MineralTree, a leading provider of accounts payable automation and B2B payments solutions, expands the company’s target addressable market and provides incremental avenues for growth in one of the most attractive technology markets. This acquisitions of the Banking merchant services business and Worldline's PayOne Austrian acquiring business deepen the company’s presence in Europe and expand the scale of distribution and technologies.

Product Offering

Global Payments, Inc.
- Online Payment Gateway
- Digital Payment

Financial Performance

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