Global Payments underwent a significant strategic evolution, primarily marked by its merger with TSYS and a subsequent rebranding of its integrated payments division.
A Major Merger and Strategic Integration
In a pivotal move for the financial technology sector, Global Payments completed a transformative merger with TSYS in September 2019. This union brought together two prominent players in payments processing and technology, significantly expanding Global Payments' reach and capabilities across merchant acquiring, issuer solutions, and integrated payments.
Following the merger, a key operational integration took place to consolidate their offerings. The Integrated channel of TSYS was strategically combined with OpenEdge, which was Global Payments' established integrated payments division. This crucial consolidation occurred during Q4 2019.
The Rebranding to Global Payments Integrated
The culmination of these strategic integrations led to a significant rebrand. As of January 2020, the combined integrated payments division began operating under the new name, Global Payments Integrated. This new entity focuses on delivering unified payment solutions, particularly for software vendors and developers looking to embed payment processing directly into their applications.
Key aspects of this transformation include:
- Consolidation of Integrated Payments: Merging TSYS's integrated channel with Global Payments' OpenEdge to create a unified and powerful integrated payments division.
- Enhanced Offerings: Providing a more robust and comprehensive platform for embedded payment solutions, designed to streamline transactions for businesses.
- Streamlined Brand Identity: Operating under a single, unified brand for integrated payment services, simplifying market perception and service delivery.
This progression can be summarized chronologically:
| Event | Date/Period | Description |
|---|---|---|
| Merger of Global Payments and TSYS | September 2019 | Global Payments acquired TSYS, combining their strengths in payment processing, merchant acquiring, and issuer solutions to form a global payments powerhouse. |
| Integration of Integrated Channels | Q4 2019 | TSYS's Integrated channel was strategically merged with Global Payments' OpenEdge, consolidating their integrated payments capabilities to create a more cohesive offering. |
| Rebrand to Global Payments Integrated | January 2020 | The consolidated integrated payments division was officially rebranded, focusing on providing seamless, embedded payment solutions for partners. For more detailed information, you can visit the Global Payments Integrated FAQ. |
This strategic realignment aims to enhance the company's offerings in the rapidly evolving integrated payments landscape, providing a more cohesive and powerful platform for businesses worldwide seeking embedded payment solutions.
