TSYS bought small business solution payment company iMobile3 last year and merchant payment company TransFirst in 2016. From point of sale, ecommerce, mobile commerce, unified commerce, unattended retail, IoT, integrated software, payroll, paycard, prepaid, reporting, customer engagement, analytics and marketing, we have it all to fully support your business needs, whether you are a single-location business, a financial institution or a multi-location global enterprise.And we will do this at an unprecedented scale, helping you enter new markets simply and effectively. With a digital shift clearly dominating post-pandemic commerce, Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.) The … With digital payments growing in popularity, the industry is looking to capitalize and expand its offerings, fueling a spate of mergers. “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,” he added. This people-centered culture is the guiding value in our combined company.
Sloan will serve as chief executive officer of the newly-formed company, with Cameron Bready named as president and chief operating officer, Paul Todd becoming senior executive vice president and chief financial officer and Guido Sacchi continuing as senior executive vice president and chief information officer.From tiny Main Street shops to the tech giants of Silicon Valley, companies are working fervently to revive and reinvent the economy. After years of covering the equities markets as a technology reporter and special contributor to the Wall Street Journal, I embarked on a freelance career providing my readers with invaluable advice on everything from investing to landing a job. We are grateful for your support and optimistic about our combined futures.As chief executive officer and a member of the board of directors of Global Payments, Jeff Sloan is a decisive leader with deep industry knowledge and over 25 years of experience in financial technology. Global Payments has inked a deal to acquire Total System Services (TSYS) in a $21.5 billion deal. In January Fiserv announced a $22 billion deal to acquire First Data Corp. Under the terms of the merger as it was announced earlier this year, TSYS shareholders will get 0.8101 Global Payments for each share they own. “In this exciting merger of equals, our new company will truly be a payments powerhouse that is perfectly poised to lead the industry in delivering merchant, issuer and consumer payments technology, solutions and service to our customers,” Woods said in prepared remarks.A journalist for more than fifteen years, I am a freelance writer reporting on personal finance, entrepreneurship, investments, fintech and technology for a variety ofA 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. Our new partnership creates the leading worldwide pure-play payments technology company.
Our new partnership creates the leading worldwide pure-play payments technology company. What does that mean for Columbus?Show full articles without "Continue Reading" button for {0} hours. Together, we bring complementary payment solutions and services to … Together, our global footprint has expanded significantly with a physical and virtual presence in more than 100 countries. The Global-TSYS Merger Responds to M&A Mania But Also Integrated Payments Trends. “We are delighted to announce the completion of this landmark transaction, creating significant opportunities for our customers, partners, employees and shareholders worldwide,” Global Payments Chief Executive Officer Jeff Sloan said in the release. The merger between Columbus-based electronic payments company TSYS and Atlanta-based Global Payments is complete, officials for the new venture announced Wednesday.“We are delighted to announce the completion of this landmark transaction, creating significant opportunities for our customers, partners, employees and shareholders worldwide,” said Jeff Sloan, Chief Executive Officer of Global Payments.The agreement, billed as an “all-stock merger of equals” valued then at $21.5 billion, wasTSYS’ former President and CEO Troy Woods now serves as Chairman of the Board for the combined company.
TSYS will also expand Global Payments e-commerce presence in the U.S. and give it exposure to some of the fastest growing digital payment trends. Together, we bring complementary payment solutions and services to better serve our customers and partners. The deal values TSYS at … Other members of the board include five members from Global Payments’ previous board and five members from TSYS’ previous board, according to the release. Global Payments is a merchant acquirer, helping small and mid-sized businesses accept and process credit and debit card payments. The TSYS-Global Payments merger is the third mega-deal in the payment industry this year. One unnamed area of Global Payment’s operations could move to Columbus, Woods previously said.TSYS common stockholders filed two separate federal lawsuits in the Middle District of Georgia in an attempt to stop the transaction, alleging TSYS violated Securities and Exchange Commission rules. Global Payments shareholders will end up owning 52 percent of the new company while TSYS investors will own the rest.Other big mergers and acquisitions this year include the