Further consolidation looms for payments industry
(25 May 2019 – Global) US financial technology company Global Payments, is nearing a $20 billion deal to acquire rival Total Systems Service in another blockbuster consolidation in the payments industry.
The all-stock transaction is set to be announced early next week according to the Financial Times.
Total System processes credit card payments and acts as a bank card issuer, while Global Payments allows merchants to accept various payment types and operate their businesses across a variety of distribution channels.
Subscribe