Today we’re excited to announce the close of our merger with Total System Services (TSYS). Our new partnership creates the leading worldwide pure-play payments technology company. Together, we bring complementary payment solutions and services to better serve our customers and partners. Both Global Payments and TSYS have built industry-leading solutions in payments over our combined 89 years in business. With 100% focus on payments, we bring unmatched reach and extensive scale to help you grow your business with confidence.
As a combined company, we’re bringing more of the payments value chain under one roof. TSYS adds complementary issuing solutions to Global Payments acquiring services. This combination creates more efficient payments for businesses and financial institutions by enabling faster transactions, higher authorization rates, quicker settlements and better fraud detection.
Additionally, our portfolio of innovative products and solutions has widened, providing you with even more tools and services to accelerate your business’ performance and growth. 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. Together, our global footprint has expanded significantly with a physical and virtual presence in more than 100 countries. Financial institutions will benefit from new collaborations with acquiring partners in attractive growth markets where we do business.
We lead the industry in delivering merchant, issuer and consumer payments technology solutions and services, and over the coming year will highlight new opportunities designed to benefit your business and boost your revenue.
Our people are what make this all possible. Global Payments and TSYS are very proud of the strong, complementary cultures we have developed over many years. Our colleagues come first and our employees are the most important contributors to our success. This people-centered culture is the guiding value in our combined company. We’re creating a powerful culture with the best employees, providing the best experiences for you, our customers, with the best technology, in the best markets.
Combined, as the leading pure-play payments technology company worldwide, we are committed to simplifying commerce so you can focus on managing and growing your business confidently.
We look forward to working with you now more closely than ever as our next chapter begins. 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. Jeff joined Global Payments as president in 2010 and became chief executive officer in 2013. View profile.