Global Pmts Inc - GPN STOCK NEWS

Global Payments (NYSE: GPN) has renewed its partnership with Barclays US Consumer Bank to enhance its payment technology and software solutions. This long-term agreement, facilitated through the TSYS Issuer Solutions segment, will allow Global Payments to offer comprehensive processing and support services for Barclays' credit card portfolios. Moreover, Barclays will implement TSYS Foresight Score, an innovative fraud detection solution utilizing machine learning. The partnership aims to drive digital innovation and customer experience while terms of the agreement remain undisclosed.

Global Payments Inc. reported strong Q1 2021 results, with GAAP revenues of $1.99 billion, up from $1.90 billion in Q1 2020. Diluted EPS rose to $0.66, compared to $0.48 last year. Adjusted net revenues increased by 5% to $1.81 billion, while adjusted EPS grew 15% to $1.82. The company announced acquisitions of Zego and Worldline’s PAYONE Austrian business, enhancing its strategic position. For 2021, they anticipate adjusted net revenues between $7.55 billion and $7.625 billion, projecting 12% to 13% growth. A dividend of $0.195 per share will be paid on June 25, 2021.

Global Payments (NYSE: GPN) announced its acquisition of Zego from Vista Equity Partners for $925 million, enhancing its software capabilities in the $6.5 billion real estate market. Zego, which serves over 7,000 property management clients and processes around $30 billion in payments annually, offers a comprehensive SaaS platform for resident experience management. The deal, expected to close by Q2 2021, aligns with Global Payments' strategy to strengthen its position in the software and payments sector amid rising digital commerce trends.

Global Payments (NYSE: GPN) will release its first quarter 2021 financial results on May 4, 2021, before the market opens. A live audio webcast discussing these results will take place at 8:00 a.m. EDT on the same day. Interested parties can access the webcast through the company's investor relations page. Global Payments, headquartered in Georgia, employs nearly 24,000 staff globally and operates in over 100 countries, providing innovative payment technology and software solutions.

Global Payments Inc. (NYSE: GPN) announced a multi-year agreement between its Issuer Solutions division, TSYS, and UMB Bank, a subsidiary of UMB Financial Corporation. TSYS will deliver processing and support services for UMB Bank's consumer and commercial credit, debit, and healthcare card portfolios. The partnership emphasizes technology, innovation, and enhancing customer experience as UMB continues to grow. The financial terms of the agreement have not been disclosed.

Global Payments Inc. (NYSE: GPN) announced that CEO Jeff Sloan will present virtually at the Wolfe Research FinTech Forum on March 10, 2021, at 1:00 p.m. ET. The event will be accessible via a live webcast from the investor relations section of the company's website, with a replay available afterward.

As a leading provider of payment technology and software solutions, Global Payments serves customers globally, employing nearly 24,000 individuals and operating in over 100 countries. For further details, visit www.globalpaymentsinc.com.

Global Payments (NYSE: GPN) announced that Paul Todd, Senior Executive Vice President & Chief Financial Officer, will speak at the KBW Fintech Payments Conference on February 25, 2021, at 8:00 a.m. ET. The presentation will be accessible through a live webcast on the company’s website, with a replay available later. Global Payments, headquartered in Georgia, employs nearly 24,000 people globally and operates in over 100 countries, providing innovative payment technology and software solutions to enhance business efficiency.

Global Payments Inc. (NYSE: GPN) reported Q4 and full-year 2020 results, showcasing resilience amid the pandemic. Q4 GAAP revenues were $1.93 billion with a diluted EPS of $0.61. Full-year GAAP revenues rose to $7.42 billion, though diluted EPS fell to $1.95. Notably, adjusted net revenues decreased slightly, while adjusted EPS rose to $6.40. The company announced a partnership with Google to enhance merchant solutions and aims for $150 million in revenue synergies and $400 million in expense synergies from its TSYS merger by September 2022. A dividend of $0.195 per share was also approved.

Global Payments and Google announced a multi-year partnership aimed at enhancing digital merchant experiences globally. Global Payments will migrate its merchant acquiring technology to Google Cloud, improving performance and efficiency. The collaboration will include co-selling opportunities, leveraging both companies' resources to drive customer acquisition across various channels. This integration will allow merchants to access a comprehensive suite of services, utilizing Google’s technologies alongside Global Payments’ offerings, supporting global business growth and innovation.