Payment Innovation Hub established in Barcelona
Known as “Mr. Computer of SAC” (the Strategic Air Command), George W. Thorpe retired as Deputy Director of Intelligence with the U.S. Air Force and transferred his computer skills to the business world as chief of corporate planning for Southern Railway in Atlanta. During this time, he conceived the idea of a specialized data processing system. In 1967, Thorpe resigned his position at Southern Railway. With the help of 10 investors – each putting in $50,000 – he formed Atlanta-based National Data Corporation.
Paul R. Garcia was named Chairman of the Board and CEO of NDC eCommerce.
A graduate of Kentucky Military Institute, Paul Garcia is still considered a pioneer and leader in the financial and payments services industry. In the 2000s he was named one of the best CEOs in America by Institutional Investor for four years in a row.
The company added over one half million card members to its VIP Preferred® Card program.
Global Payments continued to be a leader in the specialized field of Gaming. The company expanded its base of customers by increasing the speed, flexibility and information management capabilities of its products.
Global Payments acquired MUZO, a Czech Republic processing company.
The acquisition of MUZO (now Global Payments Europe) gave Global Payments the leadership role in the Czech market for credit and debit card processing as well as a state-of-the-art platform for expanding its reach into the European payments market.
GPN formed a joint venture and marketing alliance in Asia Pacific with HSBC to provide payment processing services (now Global Payments Asia Pacific).
"We are thrilled that HSBC, one of the world's most respected financial institutions, has agreed to partner with Global Payments in the Asia-Pacific region. This region has incredible growth opportunities for credit and debit card payment processing, especially in mainland China and India. This strategic transaction heralds a promising new chapter in our company's history," CEO of Global Payments, Paul R. Garcia.
We acquired Auctionpay which provided technology solutions for nonprofit organizations (now Greater Giving).
Portland-based Auctionpay was founded in 2002 and provided software and payment processing services for nonprofit fund raising events and philanthropic giving. The acquisition further supported Global Payments mission of helping nonprofits raise more money for their respective causes.
We formed HSBC Merchant Services through the purchase of the remaining 49% of the joint venture in the United Kingdom with HSBC Bank plc.
The joint venture provided payment processing services to merchants in the UK and internet merchants globally. In addition, HSBC extended the current ten-year exclusive marketing alliance agreement providing referrals and bank sponsorships.
Global Payments became the first foreign payment card processor to launch China UnionPay acquiring services in Beijing, China.
The new service was offered to merchants in partnership with Global Payments' bank partner, HSBC. With Beijing as the first city in which merchants would be able to take advantage of the new service, the partnership was planned to pursue an expansion of the offering in other parts of China in the future.
Our Global Service Center opened in Manila, Philippines to serve customers worldwide.
Global Payments established a multimillion dollar, state-of-the-art center in Mandaluyong City to provide 24/7 customer service. The office was officially inaugurated by President Benigno Aquino who welcomed the company’s investment as it aligned with his administration’s policy of job generation and would help “enable the people to cast off the shackles of poverty.”
Jeffrey S. Sloan was appointed CEO of Global Payments Inc.
Prior to joining Global Payments in 2010, Jeff Sloan spent 12 years at Goldman, Sachs & Co., serving as a partner for six years with responsibility for developing the firm's worldwide payments practice in investment banking.
The acquisitions of PayPros and Accelerated Payment Technologies (APT) formed the integrated solutions division of Global Payments which is now branded as OpenEdge. This division drives innovation through the integration of advanced payments technology, adding value to software applications and resulting in better solutions for enterprise software providers, developers and their customers.
GPN and CaixaBank hosted a Wearable FinAppsParty in Atlanta and Barcelona.
The FinAppsParty hosted talented developers, designers, programmers and creators of mobile payments apps. Judges chose the three best innovative payments applications that bridged the gap between functionality and originality in graphic image, browsing and usability for consumers and merchants.
GPN acquired Realex Payments, one of Europe's largest and fastest growing payment gateways providing a range of technology services for businesses selling online. The transaction furthered Global Payments' strategy to provide omnichannel solutions that combine gateway services, payment service provisioning and merchant acquiring across Europe.
In support of its communities around the globe, GPN held the company’s first Worldwide Day of Service.
As a Service. Driven. Commerce company, Global Payments does its utmost to be a responsible corporate citizen, and our employees demonstrate passion and enthusiasm for making a difference in the lives of others.
GPN and CaixaBank finalized a joint venture with Erste Group in Central and Eastern Europe.
CaixaBank, Spain's largest bank by market share, announced the completion of the formation of a joint venture with Erste Group Bank AG (Erste Group), a leading financial services provider in Central and Eastern Europe (CEE), to provide merchant acquiring and payment services in the Czech Republic, Slovakia and Romania. This built upon the strategic partnership established with Erste Bank in Hungary in 2014.
Global Payments completed the merger with Heartland Payment Systems, creating the leading global provider of integrated payment technology and further accelerating the trend.
"The transformative partnership with Heartland will further accelerate revenue growth, operating margin expansion and cash earnings per share growth and create the leading provider of integrated payments technology solutions worldwide," CEO Jeffrey S. Sloan, 2016.
What started out as a single business selling credit card authorization services to petroleum companies in 1967 has now transformed into a partner of choice in payment technology services. As a software-driven, technology-enabled company, our innovative payment solutions enable us to provide a broad range of products and services that allow our customers to accept all payment types across a variety of distribution channels in many markets around the world.
To mark the important 50th Anniversary milestone of our company, Global Payments held a Ribbon Cutting ceremony and celebration in Buckhead, Atlanta at our new corporate headquarters.
Georgia is the center of the payments industry, and GPN is proud to be based here - continuing to invest locally in the Atlanta Fintech community while accelerating our position as a global Fintech leader.
Among the first of its kind, the collaboration center will bring industry leaders together from around the world to develop state-of-the-art payment solutions and create new purchase experiences that align with evolving technology and market trends.
The Hub will have a multidisciplinary team comprised of experts in R&D, technology, market analysis and business development who will work to shape the payment technology needs of the future.