Global Payments is a leading provider of electronic transaction processing solutions for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Latin America, Europe, and the Asia Pacific region. We offer comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, check-related services, and consumer to consumer money transfers primarily from the U.S. and Spain to Latin America. The company has nearly 40 years of payment processing experience and was spun--off from our former parent company on January 31, 2001.
Merchant Services
Merchant services represents over 90% of total revenue reported in two segments: North America and International. We market our service offerings to merchants, independent sales organizations, or ISOs, and financial institutions through a variety of sales channels in the United States, Canada, Central and Eastern Europe, Russia, the U.K. and Asia Pacific. Revenue is generated on a mixture of a percent of transaction value, an amount per transaction, and other processing fees unrelated to the number of transactions or its value.
Money Transfer Segment
This segment markets under our DolEx and Europhil brand primarily to first and second generation Latin Americans living in the United States and Spain. We operate a branch-based model.
Growth Strategy
Global continues successfully execute upon its strategy which is as follows: 1) Diversify into and grow our international market presence; 2) Expand existing channels; 3) Invest in technology and people; and 4) Maximize shareholder returns. We believe that the emerging international payments markets will drive our long-term future growth. Hence, our current acquisition and investment strategy is focused in these areas as we seek opportunities to complement our organic growth.
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