Global Payments, Inc. - GPN STOCK NEWS

Global Payments Inc. (NYSE: GPN) announced that CEO Jeff Sloan will present virtually at the UBS Global TMT Conference on December 7, 2021, at 8 a.m. ET. The presentation can be accessed via a live webcast on the company's investor relations website, with a replay available post-event. Global Payments is a leading provider of payment technology and software solutions, operating in over 100 countries with nearly 24,000 employees. As a Fortune 500 company, they focus on delivering innovative services to enhance business efficiency.

Global Payments Inc. (NYSE: GPN) announced that Cameron Bready, President and COO, will present at Citi’s 2021 FinTech Conference on November 17, 2021, at 12:45 p.m. ET. Interested parties can access the live webcast via the investor relations section of the company’s website, with a replay available post-event. Global Payments, headquartered in Georgia, operates in over 100 countries and employs nearly 24,000 team members. The company is a Fortune 500 member and specializes in innovative payment technology and software solutions.

Global Payments reported record third-quarter results for 2021, achieving GAAP revenues of $2.20 billion, up from $1.92 billion in 2020. Diluted earnings per share rose to $1.01 from $0.74, with an operating margin of 18.2%. Adjusted net revenues grew 15% year-over-year to $2.00 billion, while adjusted earnings per share increased 28% to $2.18. The company closed multiple acquisitions, including MineralTree, Bankia’s merchant services, and Worldline’s PayOne assets, expanding its presence in the B2B and European markets. Full year 2021 adjusted net revenue guidance is now $7.71 billion to $7.73 billion.

Global Payments Europe (GPE) and Rubean AG have expanded Rubean's PhonePOS™ service in Hungary, enhancing small merchant payment options. The adoption by a major delivery company has led to a rapid increase in transactions, exceeding 1,000 daily within days of launch. PhonePOS™ allows merchants to accept contactless payments via Android smartphones without additional hardware, contributing to the shift toward electronic payments mandated by new legislation. Rubean expects to replicate this success in other markets, with PhonePOS™ showcased at Money2020 in Las Vegas from October 24-27.

Global Payments Inc. (NYSE: GPN) is set to release its third quarter financial results on November 2, 2021, before the market opens. A live audio webcast will be hosted by management at 8:00 a.m. EDT on the same day, accessible via the company’s investor relations page. Global Payments is a leading provider of payment technology, operating in over 100 countries with nearly 24,000 team members. The webcast will also be archived for later access.

SimpleNexus has announced the launch of Nexus Pay at the Mortgage Bankers Association Annual Convention in San Diego, scheduled for October 17-20. This new feature allows mortgage loan applicants to make payments for various charges seamlessly through the SimpleNexus app, which also provides updates on loan status and other functionalities. Powered by Global Payments (NYSE: GPN), Nexus Pay enhances transaction efficiency by allowing users to pay via credit card or ACH without needing human assistance. The demo of Nexus Pay will occur on October 19.

Global Payments Inc. (NYSE: GPN) has announced its partnership with Mercedes-Benz Stadium, becoming the official commerce technology provider. The collaboration aims to enhance fan experiences by integrating advanced digital solutions across the stadium's commerce ecosystem.

This partnership will enable efficient transaction processes and improve operational management through automation. Global Payments will also support community outreach initiatives in Westside Atlanta, with branding displayed throughout the stadium starting in 2021.

Global Payments Inc. (NYSE: GPN) and Virgin Money announced a new partnership to enhance digital payment solutions for customers. The agreement focuses on creating a connected payment offering that improves customer experiences for Virgin Money's consumers and merchants. This collaboration aims to consolidate various payment services onto a single platform.

Global Payments will serve as the exclusive merchant service provider for Virgin Money, providing advanced acquiring technologies and expanding their existing relationship.

Global Payments Inc. (NYSE: GPN) announced the acquisition of MineralTree for $500 million in cash, aimed at enhancing its B2B payments solutions. This acquisition will expand Global Payments' capabilities in accounts payable automation, allowing digitization of payment processes for thousands of customers. The deal is expected to close in Q4 2021, contingent on regulatory approvals. CEO Jeff Sloan emphasized the strategic alignment with their software offerings and recognized the growth potential in the B2B sector.