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Fiserv CEO Jeffery Yabuki, when talking about the new company's priorities, said: I mean, a lot of banks, especially in the community spaces, are worried about companies like Square. Total System Services is what’s known as an issuer processor, meaning it helps banks manage their credit and debit card portfolios for everything from card authorizations to detecting fraud and calculating rewards. Bank of America Corp. and JPMorgan Chase & Co. are advising Global Payments, while Goldman Sachs Group Inc. and Greenhill & Co. are assisting Total System. With 100% focus on payments, we bring unmatched reach and extensive scale to help you grow your business with confidence. Global Payments Inc. GPN, a provider of payments technology and software solutions to customers globally, has completed its earlier announced acquisition of Total System Services, Inc. Image source: Total System Services Inc. Payment processing until recently was a predictable, stodgy business. Bready added, however, that there was also the matter of cross-selling each company's strengths into the other's merchant base: But I also don't want to lose sight to maybe the smaller, more tactical opportunities that exist to cross-sell products and solutions across our existing book of SMB [small and medium businesses] customers ... Our ability to sell complementary products that we each have strength in across those base of business customers today is very exciting. Global Payments is based in Atlanta and TSYS is based in Columbus, Georgia. Have a confidential tip for our reporters? Those are small-ticket items each individually. For Total System Services (TSYS) and Global Payments, it’s official. You've got disruptors coming in. To that end, the companies said they would enter into a merger valued about $21.5 billion, marking the latest in a … The price tag places this as the third-largest fintech agreement ever. “The pace of change in the industry driven by innovation in technology, coupled with the need to have additional scale, had made this deal a function of a matter of time,” Global Payments Chief Executive Officer Jeff Sloan said in an interview. Dünyanın önde gelen ödeme teknolojisi şirketleri Global Payments ve Total System Services birleşme kararı aldılar. Global Payments helps businesses handle credit and debit card payments. Last week, a deal was floated around by Global Payments that it would be acquiring Total System Services for around $20B. In return, they receive a percentage of the transaction value (usually about 1-2% for credit cards). When Brazil's government deployed financial assistance during the pandemic, thousands of people with no banking access were left without help. Our clients need to continue to look to compete in this very aggressive market. The Columbus, Georgia-based firm is the country’s largest provider of such services, managing about 40% of Visa Inc. and Mastercard Inc. domestic accounts last year. You can also offer lending. With the deal being immediately accretive to earnings and seemingly keeping Global Payments' strategy intact, the combined company looks well-positioned in the constantly changing payments industry. Total System Services helps banks manage their credit and debit card portfolios for everything fro m card authorisations to detecting fraud and calculating rewards. View Now. CNBC'nin haberine göre birleşme kararı bu sabah kamuoyuna duyurulacak. Global Payments Inc. agreed to buy Total System Services Inc. in a deal valued at $21.5 billion, the payment industry’s third mega-merger of the year. Total System Services, a global payments provider that offers solutions across the issuing, merchant and consumer segments, will combine with Global Payments in a merger of equals. ... ©2020 Total System Services LLC. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Habere göre 40 milyar dolar büyüklüğe ulaşacak yeni Şirket'i Global Payments'ın CEO'su Jeffrey Sloan yönetecek. Global Payments and Total System Services described the deal as a "merger of equals." Wachtell, Lipton, Rosen & Katz is providing legal advice for Global Payments, while King & Spalding is helping Total System. And that's going to take money out of the revenue line of the banks. Both companies are credit and bank processors for merchants. Together, we bring complementary payment solutions and services to better serve our customers and partners. Total System Services, Inc. (commonly referred to as TSYS), headquartered in Columbus, Georgia, provides payment processing services, merchant services and related payment services. Shares in Total System Services Inc. rose about 4% in premarket trading and shares of Global Payments Inc. fell by about the same. The deal values TSYS at … The all-stock deal values Total System Services, or TSYS, at $119.86 a share, 20% more than its $99.62 closing price on May 23, before Bloomberg first reported deal discussions with Global Payments. Negotiations between the companies became more serious a couple of months ago as rivals announced their own deals in a clamor for a bigger share of the nearly $100 billion merchants spend on swipe fees each year. Global Payments and Total Systems Services, US payment services, concluded a merger agreement. Global Payments is buying Total System Services in an all-stock deal valued at $21.5 billion, the third major acquisition in the payment processing sector this … Dünyanın önde gelen ödeme teknolojisi şirketleri Global Payments ve Total System Services birleşme kararı aldılar. Global Payments primarily facilitates payment processing for merchants, while Total System Services, commonly referred to as TSYS, chiefly handles payment processing for card-issuing financial institutions. The transaction will create a powerhouse that provides payment technology and software to more than 3.5 million small to midsize merchants and more than 1,300 financial institutions worldwide, the two companies said in a statement Tuesday. Global Payments Inc. is nearing an all-stock deal to buy Total System Services Inc. for about $20 billion, according to a person familiar with the … There's a lot of modernization going on. For the time being, at least, both companies' headquarters, about 100 miles apart in Georgia, will remain in operation. Global Payments provides payment processing services to merchants, allowing them to accept credit and debit cards, along with other payment types (this role is known as a merchant acquirer). Shares of Columbus, Georgia-based Total System Services, commonly known as … The transaction, which is expected to generate $300 million in cost savings, is slated to be completed in the fourth quarter. Both Global Payments and TSYS have built industry-leading solutions in payments over our combined 89 years in business. It also provides reloadable prepaid debit cards and payroll cards , and demand deposit accounts to the underbanked . How Carrefour Brasil Confronted Coronavirus Challenges. Global Payments will buy Total System Services in an all-stock deal valued at $21.5 billion, the third major acquisition in the payment technology sector this year. Total System CEO Troy Woods will become chairman of the combined company, 52% of which will be owned by Global Payments shareholders, while Total System investors will own 48%. Global Payments near deal to acquire Total System Services: Sources Power Lunch CNBC reported last week that the Global Payments was nearing a … He expects the company to recognize its annualized cost savings goal of $300 million in three years. The merger is expected to create a more holistic company that handles both sides -- the merchant's and the bank's -- of every card payment transaction. More important than even the mammoth sizes of these mergers and acquisitions is why they're all happening now. The combined entity is forecast to generate about $8.6 billion annually in adjusted net revenue plus network fees, with $3.5 billion in earnings before interest, taxes, depreciation and amortization and $2.5 billion in free cash flow. Market data powered by FactSet and Web Financial Group. Fidelity National CEO Gary Norcross talked about the disruption the payments industry was seeing: I mean, there's a lot of innovation going on. All of these deals featured players in the payment processing arena, both on the merchant and financial institution side. “If you think about the payments world, really Global Payments and TSYS were the last two large, independent payment players. Most of these opportunities will come from leveraging TSYS's relationships with banks, especially those in foreign markets, to create joint ventures or use as referral partners to capture additional merchant-acquiring business. Working directly with merchants, both firms also provide supporting services, analytics, and payment-related services for financial firms. CEO Troy Woods will continue as the chairman of the board of the newly combined entity. Image source: Getty Images. In the case of Global Payments, Sloan sees the company as a coconspirator in bringing technological disruption to the payments industry, with the TSYS deal being a part of the company's attack, not a defensive reaction to change. Global Payments ve Total System Services birleşiyor Dünyanın önde gelen ödeme teknolojisi şirketleri Global Payments ve Total System Services birleşme kararı aldılar. CNBC'nin haberine göre birleşme kararı bu sabah kamuoyuna duyurulacak. When Square was mentioned by Global Payments CEO Jeff Sloan, the tone was subtly different: So I don't know who came first in doing this, whether it was us or someone like Square, but we've been selling payroll to merchants for a very long time. “At a time when our peers are fully levered, we will have plenty of firepower to continue to expand the business,” he said, citing specialized payments software and new geographies outside of the U.S. as growth targets. Jeffrey Sloan, the chief executive of Global Payments… Noticeably, the technological disruption the industry is seeing was called out in all three conference calls following the deals, with Square (NYSE:SQ) being specifically called out twice. This essentially makes Global Payments a payments ecosystem, not just a provider of a commoditized payment processing service. Global Payments Inc. agreed to buy Total System Services Inc. in a deal valued at $21.5 billion, the payment industry’s third mega-merger of the year. In the latest blockbuster fintech deal to be reached this year, Global Payments (NYSE:GPN) and Total System Services (NYSE:TSS) have reached an agreement to merge, creating a "technology-enabled payments company with extensive scale and unmatched global reach.". Global Payments shareholders will hold 52% of the combined company, and CEO Jeff Sloan will still hold the position after the merger is finalized. So it's very much an ecosystem. Updates with chairman’s comment in sixth paragraph. 28 Mayıs 2019 08:19 Haberler. Returns as of 01/14/2021. However, Global Payments shareholders would own 52% of the new entity, which will retain the Global Payments … If it is finalized, it will be the third-largest fintech deal of all time, according to S&P Global Market Intelligence. Stock Advisor launched in February of 2002. Global Payments declined to comment, while Total System Services did not respond to a request for comment. Several times during the company's conference call announcing the deal, management reinforced that the all-stock merger would allow the balance sheet to remain solid enough for the company to continue its software acquisition strategy. Dünyanın önde gelen ödeme teknolojisi şirketleri Global Payments ve Total System Services birleşme kararı aldılar. Transaction is the industry’s third mega-merger of the year, Agreement marks 20% premium from before news of talks broke, Global Payments CEO Wants to Expand in Europe and Asia-Pacific. The all-stock deal values Total System Services, or TSYS, at $119.86 a share, 20% more than its $99.62 closing price on May 23, before Bloomberg first reported deal discussions with Global Payments. TSYS shareholders will own 48% of the combined company. Total System shares rose 6.9% to $121.24 at 10:31 a.m. in New York. Bloomberg , citing to people with knowledge … Atlanta-based Global Payments, on the other hand, is the country’s fifth-biggest merchant acquirer, helping businesses handle credit- and debit-card payments. Under terms of the arrangement, Total System Services shareholders will receive 0.8101 shares of Global Payments for every share. Fiserv Inc. announced a $22 billion takeover of First Data Corp. in January, and rival Fidelity National Information Services Inc. agreed to buy Worldpay Inc. just two months later for $34 billion. Global Payments Acquires Total System Services: Everything Investors Need to Know A third industry-shaping megamerger is announced in the payments … Global Payments CFO Cameron Bready stated the cost savings will be achieved "primarily by aligning merchant business operations and go-to-market strategies, streamlining technology infrastructure, eliminating duplicative corporate and operational support structures, and realizing scale efficiencies." Visit Payments in Focus, Global Payments' digital publication with expertise and innovation. We just felt like it made a lot of sense to control our own destiny and pick our dance partner.”. Under terms of the arrangement, Total System Services shareholders will receive 0.8101 shares of Global Payments for every share. Global Payments and Total System Services said they expect to extract about $300 million in annual cost savings, and generate $8.6 billion in annual adjusted net revenue and $3.5 billion in adjusted EBITDA. As an economic crimes detective, Matthew focuses on helping others avoid becoming victims of fraud and scams. Global Payments fell 0.9% to $152.10. In January, Fiserv (NASDAQ:FISV) and First Data Corp. announced a $20 billion-plus acquisition, and then in March, Fidelity National Information Services (NYSE:FIS) agreed to acquire Worldpay for a whopping $35 billion. Norway Raises Concern Over Vaccine Jabs for the Elderly, What to Know About Vaccine-Related Deaths, Allergies, Norway Moves to Calm Vaccine Anxiety After Elderly Deaths, Vaccine Disparities Raise Alarm as Covid Variants Multiply, U.S. Equity Futures Fluctuate, Dollar Edges Higher: Markets Wrap. Global Payments Inc. GPN, +2.64% and Total System Services Inc. TSS, announced an all-stock merger of equals with an equity value of about $21.5 billion on Tuesday. The company will maintain dual headquarters. Sloan, who will lead the combined company, said Global Payments and Total System had talked about combining a number of times over the past decade. Traditional payment processors like Global Payments are consolidating as they compete increasingly with upstarts like PayPal and Square, which is led by Twitter co-founder Jack Dorsey. Global Payments ve Total System Services birleşme kararı aldılar. The company will maintain dual headquarters. Global Payments has successfully pursued a strategy of embedding its payment solutions into software vertical stacks for niche industries via acquisitions, partnerships, and internal development. This combination creates more efficient payments for businesses and financial institutions by enabling faster transactions, higher authorization rates, quicker settlements and better fraud detection. He could be right. Bready said the two companies have areas where there is "significant overlap," creating opportunities to cut costs with little risk. CNBC - Global Payments ve Total System Services birleşiyor Dünyanın önde gelen ödeme teknolojisi şirketleri Global Payments veTotal System Services birleşme kararı aldılar. Global Payments has inked a deal to acquire Total System Services (TSYS) in a $21.5 billion deal. The flurry of deal activity among payment processors has created behemoths that could fashion networks that serve and connect financial institutions and merchants, similar to Visa’s and Mastercard’s offerings. The rationale given for the merger by both management teams was the significant revenue and cost synergies the deal would help the new company realize. Image source: Global Payments/Total System Services May 28 investor presentation. The 12-member board of directors will be evenly split between Global Payments and TSYS members, with Global Payments CEO Jeff Sloan keeping his role at the new company and TSYS CEO Troy Woods becoming chairman of the board. Upon completion of the merger, Global Payments shareholders will own about 52% of the newly combined company and TSYS shareholders the remaining 48%. The $100 million in annual revenue synergies should also be recognized within three years and will largely be created by cross-selling opportunities within each legacy company's customer base. And what do you do where Square has a growing -- a rapidly growing point-of-sale lending business? Payment technology companies Total System Services Inc. and Global Payments Inc. agreed to merge in an all-stock transaction valued at about $21.5 billion. The deal values TSYS at approximately $21.5 billion, representing about a 20% premium to the company's value before the merger was made public. Cumulative Growth of a $10,000 Investment in Stock Advisor, Global Payments Acquires Total System Services: Everything Investors Need to Know @themotleyfool #stocks $GPN $TSS $FIS $FISV $SQ, Why Global Payments Stock Fell 11.2% Last Month, Total System Services Inc (TSS) Q3 2020 Earnings Call Transcript, Total System Services Inc (TSS) Q2 2020 Earnings Call Transcript, Global Payments (GPN) Q1 2020 Earnings Call Transcript, Copyright, Trademark and Patent Information. He is most familiar with the fintech and payments industry and devotes much of his writing to covering these two sectors. The transaction is expected to close by the end of the calendar year. . Global Payments is buying Total System Services in an all-stock deal valued at $21.5 billion, the third major acquisition in the payment processing sector this year. It is planned to close the deal in the fourth quarter of 2019. Before it's here, it's on the Bloomberg Terminal. The crazy thing is that three of the largest four such deals have taken place in the first half of 2019. Global Payments is based in Atlanta and TSYS is based in Columbus, Georgia. The combined company will be worth roughly $40 billion. Total System Services stock rises after Bloomberg reports of merger talks with Global Payments Shares of Total System Services Inc. are up more than 6% in premarket trading Friday after Bloomberg reported that the company has engaged in talks with Global Payments … Shares in Total System Services Inc. rose about 4% in premarket trading and shares of Global Payments Inc. fell by about the same. “We are going to be in a position to continue to invest in growth and not be over-burdened with debt such that we can’t innovate and invest,” Cameron Bready, Global Payments’ chief financial officer, said in an interview. In both prior instances, the companies involved talked about the technological change the industry was seeing as an impetus for their deals. The combined company will have a worldwide customer base of 3.5 million merchants, 1,300 financial institutions, and 600 million cardholders, and will facilitate approximately $50 billion of transactions per year. “It’s the right deal at the right time,” Woods said in a telephone interview. Under the deal terms, Total System holders will get 0.8101 Global Payments share for each common share they own. TSYS adds complementary issuing solutions to Global Payments acquiring services. Today, you can walk into a small merchant ... and using your phone, can underwrite that merchant, you can offer payroll services today. Management projects that the agreement will result in annualized cost savings of $300 million and create $100 million in annual revenue synergies. A rapidly growing point-of-sale lending business ' headquarters, about 100 miles apart Georgia... Shares rose 6.9 % to $ 121.24 at 10:31 a.m. in New York result in annualized cost savings of. 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