The company expects to realize $100 million in annual synergies by cross-selling through a combined distribution network.A journalist for more than fifteen years, I am a freelance writer reporting on personal finance, entrepreneurship, investments, fintech and technology for a variety of media outlets. In January, Fiserv announced a $22 billion deal to acquire First Data Corp. With 100% focus on payments, we bring unmatched reach and extensive scale to help you grow your business with confidence.
Thanks for your patience, understanding, and help.At Global Payments Inc., we promise to treat your data with respect and will not share your information with any third party. With the intersection between personal finance and technology getting blurred, cutting through the fintech noise and getting to the bottom of the story is becoming increasingly important to readers around the globe.It marks the third mega-deal in the industry since the start of 2019 and underscores the changing nature of the marketplace.
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.And we will do this at an unprecedented scale, helping you enter new markets simply and effectively. You must click the activation link in order to complete your subscription. ATLANTA--(BUSINESS WIRE)--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. As a combined company, we're bringing more of the payments value chain under one roof. If you experience any issues with this process, please contact us for further assistance.To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Global Payments shareholders will end up owning 52 percent of the new company while Total System investors will own the rest.TSYS has made its mark in merchant-processing, which involves processing transactions for the banks that issue cards. Global Payments shareholders will get 52% of the combined company while TSYS shareholders will own 48%. With digital payments growing in popularity, the industry is looking to capitalize and expand its offerings, fueling a spate of mergers. Today we’re excited to announce the close of our merger with Total System Services (TSYS). Financial institutions will benefit from new collaborations with acquiring partners in attractive growth markets where we do business.Subscribe and get the latest insights from Global PaymentsWe lead the industry in delivering merchant, issuer and consumer payments technology solutions and services, and over the coming year will highlight new opportunities designed to benefit your business and boost your revenue. Troy Woods, Total System CEO, will become chairman of the combined company. It is also among the largest credit card processors in the U.S., with a footprint in helping banks issue cards and statements to end consumers.Get our hottest stories delivered to your inbox.Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.© 2020 What’s Next Media and Analytics The overarching goal may be to offer “one-stop shops” for any number of devices, software and services for companies that give merchants and banks the ability to offer end consumers a range of (cashless) payment choices.——————————Under deal terms, Total System Services shareholders will get 0.8101 Global Payments for each share they own. With 100% focus on payments, we bring unmatched reach and extensive scale to help you grow your business with confidence.Our people are what make this all possible. Both Global Payments and TSYS have built industry-leading solutions in payments over our combined 89 years in business. After submitting your request, you will receive an activation email to the requested email address. Both Global Payments and TSYS have built industry-leading solutions in payments over our combined 89 years in business. M&A News: Global Payments has finalized a deal to acquire TSYS for about $20 billion in an all-stock transaction, to be announced later today (May 28).