[11] Global Payments was founded in 1996 and spun off from National Data Corporation, its former parent company, in 2001.
[12] Global Payments has been an independent, publicly-traded company on the New York Stock Exchange having the ticker symbol “GPN” since its spin off.
Instead, two individuals were appointed to oversee domestic and international operations as Senior Executive Vice Presidents: Vince Lombardo and Bob Cortopassi, respectively.
[28] Starting in early 2024 and continuing into September, Global Payments began laying off staff.
[29] Just weeks before the September lay offs were announced, Global Payments reported their second quarter results.
[10][11] Through Total System Services (TSYS), its issuer processor business, Global Payments helps banks manage credit and debit card portfolios.
[31] Global Payments operates in more than 100 countries and serves 3.5 million merchants as well as 1,300 financial institutions.
Instead the company divides operations into two distinct branches: domestic "US Merchant Solutions" headed by Senior Executive Vice President Vince Lombardo and international and vertical markets headed by Senior Executive Vice President Bob Cortopassi.
[42] In 2012, a data breach at Global Payments affected 1.5 million credit and debit card numbers.
[47] To limit the number of people who could potentially join the lawsuit if it is granted class action status, Heartland also updated its terms of service in 2019 to require MySchoolBucks users to accept that they "will not be permitted to participate in the Story case as a class member.
"[47] Total System Services, Inc. (commonly referred to as TSYS), was an American financial technology company headquartered in Columbus, Georgia.
[57] In August 2012, the company announced a joint venture with Central Payment Co. LLC, a direct merchant acquirer.
In June 2014, CEO Philip W. Tomlinson retired and was replaced with M. Troy Woods, then the president and COO.
[62][63] In June 2016, the company acquired the remaining 45% stake in TSYS Managed Services EMEA from The Merchants Group Limited.
[64] In February 2017, the company's lobbying of the Republican Party was credited for a bill that would remove the Consumer Financial Protection Bureau's limits on overdraft fees.