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Global Payments

Welcome to the News View for "Global Payments".

Here, on these archive pages, you'll find all of the articles on Payments News for Global Payments listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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December 17, 2014

Headline News from PaymentsNews.com - December 17, 2014

On the Web:

On the Wires:

  • ChowNow Becomes The First Online Ordering Platform To Integrate Apple Pay - "The addition of Apple Pay benefits both restaurants and their customers. Rather than manually inputting their credit card number and billing address, customers with an iPhone 6, iPhone 6 Plus, or the forthcoming Apple Watch, can complete their order simply by using their fingerprint. As a result of the added convenience and security, restaurants should see increased order volumes, and hence a more profitable to-go business."
  • ID Insight Debuts Next-Generation Address Verification - "Safe2Ship processes addresses to ensure each is a valid and legitimate delivery point, verifies the customer’s identifying information using ID Insight’s consolidated databases of billions of records, and identifies and appends the best address if the customer does not reside at the address provided."
  • A New Way to Pay with Commerce Bank Credit and Debit Cards Using Apple Pay - “Apple Pay is a significant step forward in mobile payments and we are happy to be able to offer this feature to our customers,” said Carl Bradbury, Commerce Bank director of consumer card products. “With Apple Pay, our customers will now have the option to make purchases both securely and conveniently in stores and within apps with the latest iPhones and iPads.”
  • Mint Streamlines Bill-Paying With New Mint Bills - “Mint has historically served as a rear-view mirror for personal finances, providing consumers a look back at their money,” said Barry Saik, senior vice president and general manager of Intuit’s Consumer Ecosystem Group. “Today, we’re taking a more forward-looking approach, helping people to anticipate and accomplish must-do financial tasks, such as paying bills, so they can feel confident and in control of their money.”
  • Global Payments and Bank of the Philippine Islands Form Strategic Joint Venture - "We are delighted to enter into this partnership with BPI in the Philippines, one of our fastest growing markets," said Jeff Sloan, Chief Executive Officer of Global Payments. "This joint venture highlights our strategy to drive accelerating growth by expanding direct distribution in Asia. It will also allow us to add significant merchants to our existing business in the Philippines, further leverage our technological strengths and provide superior product and service offerings to BPI customers in a highly attractive market," Sloan continued.

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

November 05, 2014

Headline News from PaymentsNews.com - November 5, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

October 31, 2014

Headline News from PaymentsNews.com - October 31, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

October 13, 2014

Headline News from PaymentsNews.com - October 13, 2014

On Twitter:

On the Web:

On the Wires:

  • Welsh, Carson, Anderson & Stowe Announces Sale of TransFirst - “We have enjoyed our close partnership with the TransFirst management team over the last several years.” said Eric J. Lee, General Partner at Welsh, Carson, Anderson & Stowe. “John Shlonsky, CEO of TransFirst, and his leadership team have done an outstanding job building the Company into a market leader. We are confident that TransFirst will continue to build on its continued successes together with Vista Equity Partners.”
  • Global Payments Completes Acquisition of Ezidebit - "Similar to the company’s OpenEdge division, Ezidebit markets its products through a network of integrated software vendors and direct channels to numerous vertical markets."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

September 25, 2014

Headline News from PaymentsNews.com - September 25, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

August 06, 2014

Headline News from PaymentsNews.com - August 6, 2014

On the Web:

  • Global Payments Signs Referral Agreement with BitPay to Offer Bitcoin Payment Acceptance - "We focus on delivering innovative products and services to our global customer base, and this relationship provides us the ability to offer our merchants an integrated digital currency payment choice," said David Mangum, President and Chief Operating Officer for Global Payments. "We are pleased to partner with BitPay to provide next-generation payment solutions to our customers."
  • New Digital Currency Aims to Unite Every Money System on Earth - Wired - "Stellar can help take digital currency beyond rather insular projects like bitcoin and litecoin, melding it with fiat currencies and extending its advantages to the average internet consumer."
  • Improved email receipts - Stripe - "We're excited to share a couple of improvements to our email receipts!"
  • Apple, Samsung Call Patent Truce Outside U.S. - "The two technology giants agreed to dismiss all patent disputes between them in courts outside the U.S., marking an easing of tensions between the bitter rivals of the smartphone wars."
  • The Slow Recovery in Consumer Spending - Liberty Street Economics Blog (Federal Reserve Bank of New York) - "In particular, it appears that households remain—almost five years after the end of the recession—wary about their future income growth and employment prospects."
  • Simon expands iBeacon program to outfit more smart malls - Mobile Commerce Daily - "Simon’s deployment of Mobiquity’s Mobi-Beacon network, already in place in 75 of its premier shopping destinations, provides a unique, opt-in opportunity for customers to engage with retailers, brands and mall apps for timely and contextually relevant personalized offers, information and real-time experiences."
  • Retailers Who Take Bitcoin Love It - Mashable - "For them, the currency is a viable, preferable alternative to credit cards that don't carry the same risk of fraud and have lower transaction fees."
  • New Strategy as Tech Giants Transform Into Conglomerates - "The goal is no longer building a business but to be in the orbit of these tech giants. Or to put it another way, to win the lottery."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

January 24, 2014

Global Payments to Acquire PayPros for $420 MM

Globalpayments logo 140pxGlobal Payments has announced an agreement to acquire Payment Processing, Inc. (PayPros). PayPros, based in California, is a provider of fully-integrated payment solutions for 58,000 small-to-medium sized merchants in the United States. PayPros delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies, Inc., a Global Payments company since October 2012.

Global Payments' President and CEO Jeffrey S. Sloan said: "Our acquisition of PayPros will expand our direct distribution, add new vertical markets, accelerate growth in our largest geography and further enhance our existing integrated solutions business with the addition of PayPros' talented team."

Chuck Smith, Founder and CEO of PayPros, added, "I am very pleased to announce this partnership with Global Payments. This transaction is the culmination of nearly two decades of hard work and vision at PayPros. I am confident that Global Payments will be a fantastic partner for our customers and employees."

Under the terms of the agreement and pending regulatory approvals and customary closing conditions, Global Payments will pay $420 million in cash to acquire PayPros, inclusive of tax assets.

October 01, 2013

Headline News from PaymentsNews.com - October 1, 2013

On the web:

  • Coming Soon? An Occupy Wall Street Debit Card - New York Times - "The idea, led by a group that includes a Cornell law professor, a former director of Deutsche Bank and a former British diplomat, is meant to serve people who do not have bank accounts, but it also aims to make Occupy a recognized financial services brand."
  • How Much Will Judge Leon's Decision Whack DDA Revenues? - Pymnts.com (David Evans) - "The only ray of sunshine here for non-exempt debit card issuers is that between an appeal, maybe the Supremes, and a new rule making it could be a while before any of these reductions hit DDA and consumer banking P&Ls."

On the wires:

  • Global Payments Names Jeffrey S. Sloan Chief Executive Officer - "Paul R. Garcia, Chairman of the Board, said, "Jeff is prepared to lead this company as its President and Chief Executive Officer. His decisive leadership and his deep experiences and knowledge across the entire business uniquely qualify him to successfully assume this role immediately. He is well respected throughout the industry and he embodies the company's core values."
  • Experian to acquire device identification leader 41st Parameter - "41st Parameter will strengthen Experian's global web fraud detection and risk-based identity authentication capabilities."
  • Leaf Closes $20 Million in Funding to Advance Open Commerce Platform and Mobile POS - "Leaf, creator of the LeafPresenterTM, a tablet specifically designed for commerce, today announced it has closed $20 million in its first round of institutional funding from Heartland Payment Systems, one of the nation’s largest payments processors and a leading provider of merchant business solutions."
  • TNS and AJB Introduce Simplified Payments for Merchants - "Large merchants across North America can now relieve the headache of operating a complex payments infrastructure while at the same time position themselves for future growth thanks to a new managed service solution from Transaction Network Services (TNS) and AJB Software (AJB)."
  • Adyen’s Global Mobile Payments Index Indicates 27 Percent Growth in Mobile Transactions in Past Four Months - "Adyen's Global Mobile Payments Index tracks the actual purchases on the platforms and can therefore also provide an insight into the monetization of mobile content by brand. iOS devices (iPhone and iPad) accounted for nearly 75% of all mobile transactions on Adyen’s platform (which equals 13.1% of all transactions, up from 11% at the end of April 2013) and Android devices were responsible for nearly 25% of mobile transactions (4.3% of all transactions, up from 3.1%)."
  • mopay Signs Global Agreement with Telefónica Digital - "Under this agreement, mopay will be granted direct access to Telefónica’s billing platform, thus connecting mopay directly to the telco’s subscriber base worldwide. Consumers using mopay can purchase digital goods and services frictionlessly in nine countries where Telefónica Services are currently available and charge the purchases to their phone bill."
  • Debit Card Swipe Fee Reform Lowered Prices - "A new economic report released today by the Merchants Payments Coalition shows that debit card swipe fee reform saved consumers and merchants billions of dollars in 2012, as anticipated by Congress when it passed debit reform legislation in 2010."

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

July 25, 2013

Headline News from PaymentsNews.com - July 26, 2013

On the web:

On the wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

April 08, 2013

July 30, 2012

April 02, 2012

Global Payments Data Breach

Globalpayments logo 140pxGlobal Payments has confirmed reports from late last week that it experienced a data breach that may have exposed 1.5 million cards.

The investigation to date has revealed that Track 2 card data may have been stolen, but that cardholder names, addresses and social security numbers were not obtained by the criminals.
The company has setup a separate website to, www.2012infosecurityupdate.com, to answer questions about the breach and its implications. In the meantime, Bank Technology News reports that Global Payments continues to sign new merchants.

October 11, 2011

Global Payments to Deploy Accertify Risk Management Solutions

Accertify logo 140pxAccertify has announced that Global Payments will offer Accertify risk management technology to its eCommerce merchants.

Through the existing Global Transport gateway, merchants will be able to easily leverage the fraud protection and data management capabilities of Accertify, enabling them to protect against card-not-present (CNP) fraud and mitigate counterfeit and identify theft risks.

June 08, 2011

January 18, 2011

Global Payments and Planet Payment Announce Multi-Currency Agreements for North America

globalpayments_logo-140px.jpgGlobal Payments and Planet Payment have announced agreements to provide multi-currency processing services. "The agreements include the offering of Global HomeCurrencyPay, an innovative multi-currency processing solution powered by Planet Payment, to Global Payments' base of ISO and merchant customers in the United States and Canada."

January 05, 2011

November 18, 2010

Global Payments and 'la Caixa' Form Merchant Acquiring Joint Venture in Spain

globalpayments_logo-140px.jpgGlobal Payments and "la Caixa," the largest retail bank in Spain, have announced they are forming a merchant acquiring and payment processing joint venture in Spain.

"la Caixa", headquartered in Barcelona, was founded over a century ago, and is the market leader in Spanish merchant acquiring with over 150,000 merchant outlets. "la Caixa" also has the largest consumer banking footprint in Spain with more than 5,000 branches, 10.5 million customers and a 21 percent market share in merchant acquiring.

September 14, 2010

Global Payments to Launch China UnionPay Card Acquiring Service in China

globalpayments_logo-140px.jpgGlobal Payments today announced that it has become the first foreign payment card processor to launch China UnionPay card acquiring service in China. The new service will be offered to merchants in partnership with Global Payments' bank partner, HSBC. While Beijing will be the first city in which merchants will be able to take advantage of the new service, it is planned to pursue an expansion of the offering in other parts of China in the future.

March 30, 2010

Jeffrey Sloan Named President of Global Payments

Global Payments has announced that Jeffrey S. Sloan, Managing Director, Partner and Global Head of the Financial Technology Group at Goldman, Sachs & Co., has been appointed the President of Global Payments Inc. Mr. Sloan has led Goldman Sachs' investment banking activities for the worldwide payments industry over the last decade. Mr. Sloan will be responsible for the Company's lines of business in North America, as well as all worldwide business development activities. He will report to Paul R. Garcia, Chairman and Chief Executive Officer and will assume his new role on June 1, 2010. READ MORE »

November 18, 2009

Global Payments Sells Money Transfer Business

Global Payments has announced that it has signed an agreement to sell its DolEx- and Europhil-branded money transfer businesses to an affiliate of Palladium Equity Partners, LLC. Under the terms of the agreement, Global Payments will receive proceeds in the range of $85 million to $110 million based on the operating performance of the business determined at the time of closing, which is subject to customary regulatory approvals including the consent to the transaction by the issuers of money transfer licenses in many of the states and countries where DolEx or Europhil currently operates.

August 06, 2009

Global Payments Launches Broadband Payments For Asia Pacific

globalpayments_logo-140px.jpgGlobal Payments Asia-Pacific Limited, a joint venture between HSBC and Global Payments, has introduced Global BroadbandPay - calling it "an Internet Protocol (IP)-based point-of-sale solution that provides merchants with fast, secure and reliable card acceptance services across the Asia-Pacific region. Merchants and processing partners no longer need to rely on slow dial-up networks or invest in expensive dedicated communication links to their card acquiring banks. Instead, this new product enables use of their existing internet connection to enjoy a "plug-and-play" experience. Global BroadbandPay is now available to merchants in Brunei, Hong Kong, Macau, the Maldives, the Philippines, Singapore and Sri Lanka." READ MORE »

June 12, 2009

Global Payments Acquires Remaining 49% Interest in U.K. Merchant Services JV

globalpayments_logo-140px.jpgGlobal Payments has announced that it has acquired the remaining 49% interest in its merchant services joint venture in the United Kingdom from HSBC Bank plc ("HSBC"). "In June 2008, Global Payments and HSBC formed a joint venture, HSBC Merchant Services, to provide payment processing services to merchants in the United Kingdom and Internet merchants globally. Under the terms of today's agreement, Global Payments will pay HSBC a total of USD$307.7 million in cash to acquire the remaining 49% ownership interest in this joint venture. In addition, HSBC will extend the current ten-year exclusive marketing alliance agreement whereby the bank provides merchant referrals and bank sponsorship to Global Payments to June 2019." READ MORE »

February 17, 2009

Global Payments Introduces Global HomeCurrencyPay in India

Global Payments Asia-Pacific Limited, a joint venture between The Hongkong and Shanghai Banking Corporation and U.S.-based Global Payments has introduced its Global HomeCurrencyPay service to merchants in India, following the earlier launch of this dynamic currency conversion service in China, Malaysia and Taiwan. READ MORE »

September 18, 2008

Mobile Payment Processing Solution for Merchants in Asia-Pacific

Global Payments Asia-Pacific Limited, a joint venture between HSBC and Global Payments, has introduced "a secure GPRS-powered mobile payment service called Global MobilePay(TM) that provides mobile card acceptance capabilities for merchants in the Asia-Pacific region. Global Payments is one of the first payment processors to launch an extensive mobile payment solution for merchants across Asia. This service is now available in Brunei, China, India, Malaysia, the Maldives, the Philippines, Singapore, Sri Lanka and Taiwan." READ MORE »

June 17, 2008

Global Payments, HSBC Form Joint Acquiring Venture in UK

Global Payments has announced a joint venture with HSBC Bank to provide payment processing services to merchants in the United Kingdom and Internet merchants globally. The new company will operate under the name HSBC Merchant Services. READ MORE »

May 01, 2008

Global Payments Supports PayPass Contactless Acceptance in Canada

Global Payments has announced that Pioneer Petroleums, one of Ontario's largest independent gasoline retailers, is now accepting MasterCard PayPass contactless card acceptance. The service, which allows consumers to pay for goods and services with the simple tap of their payment card, is available at more than 140 Pioneer locations across Ontario. READ MORE »

January 07, 2008

Global Payments Introduces New Transaction Processing Platform

Global Payments has announced the introduction of a what it is calling a "next generation payment processing platform, Global Transport," saying it "was designed with a uniform application programming interface supported by multiple communications options to simplify and speed integration to the merchant’s payment acceptance environment for debit, credit, and EBT transaction processing."

READ MORE »

November 26, 2007

Global Payments Enables Discover Network Card Acceptance for ISOs

Global Payments has announced that "it has activated the first of its Independent Sales Organizations (ISOs) relationships - EVO, Mercury Payments, North American Bankcard and Total Merchant Services - to acquire Discover Network merchants in a manner consistent with Visa's and MasterCard's acquiring programs."

READ MORE »

December 21, 2006

Global Payments Introduces Mobile POS Solution

Global Payments has announced the introduction of a Mobile POS Solution using the WAY Systems Mobile Transaction MTT 1556 Credit/Debit terminal. The company says the product "combines the security and performance of a traditional POS terminal with the ease of using a mobile phone."

READ MORE »

December 13, 2006

Treating Payments As A Business Line

TowerGroup's Colin Kerr is out with a new report titled "Where's My Payment? Using Logistics Management to Drive an Enterprise View of Payments" - saying that "now is the time for banks to shift their view of payments processing - treating it as an enterprise-wide business rather than a service function."

READ MORE »

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