Net income attributable to Global Payments also reflects the removal of a $27.3 million gain associated with the fair value of shares received from the conversion of certain Visa Inc. preferred shares and the removal of $23.1 million of equity method investment earnings from our interest in a private equity investment fund. 550 36 0000010537 00000 n In many ways, however, the context behind these top-line numbers is as remarkable as last year’s attention-grabbing result. JANUARY 2018. oin loal ayment insihts to achiee rowth at scale. As technology continues to expand at an exponential rate, changing the way we live and the way we interact with one another, industries across the board are . Global Mobile Payments Market 2020 … 0000001016 00000 n Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. 0000038966 00000 n The dynamic payments industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. The dynamic payments industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. 0000003403 00000 n The Global Risks Report 2020 Insight Report 15th Edition In partnership with Marsh & McLennan and Zurich Insurance Group. We quizzed more than 5,000 respondents across 99 territories about their experience of fraud over the past 24 months. Our research starts at global and regional levels before diving into detailed analysis of payments … Bloomberg Top 50 Companies to Watch in 2020 × Ready to Get Started? Adjustments to SG&A include share-based compensation expense of $58.0 million and acquisition and integration expenses of $160.4 million. ET to discuss financial results and business highlights. Chapter III of the Annual Economic Report 2020. … 0000038927 00000 n We are grateful to our team members for their extraordinary commitments to our customers, to each other and to the communities in which they live and work during this difficult time. Judging from the news reports, fraud seems to be everywhere. For the three months ended September 30, 2019, earnings adjustments to operating income included $191.0 million in COS and $218.4 million in SG&A expenses. https://www.businesswire.com/news/home/20201029005439/en/, Investor Contact: 0000040328 00000 n First, the report out-lines recent developments in the payments market around the world and on a regional basis. whitepaper . 0000008423 00000 n Global Payments is HSBC's preferred supplier for card processing in the UK. 0000009755 00000 n Adjustments to COS include amortization of acquired intangibles of $135.0 million and acquisition and integration expenses of $10.5 million. “We are pleased with our results for the third quarter, which demonstrate substantial ongoing improvement across our markets and significant margin expansion for each of our segments," said Jeff Sloan, Chief Executive Officer. Where they once catered to speciic demographics, the sector is now providing services across the inancial services value chain — to all demographics, in a much larger playing ield. If you experience any issues with this process, please contact us for further assistance. Global Payments Gets Truist Credit Card Processing The Total System Services (Tsys) business unit of Global Payments ... 2020 HSN Consultants, Inc. Weitere Segmente sind Alternative Financing, welches alle … 0000032432 00000 n Over the past year, industry incumbents have been responding to numerous trends and drivers by: For instance, North America and India have recentl… You can learn more about our data sources and the authors of this research in the full report. The 2020 McKinsey Global Payments Report 4 For the global payments sector, the events of 2020 have reset expectations and significantly accelerated several existing trends. See Schedules 6 and 7 for a reconciliation of each non-GAAP financial measure to the most comparable GAAP measure. Represents adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. • According to World Payments Report 2019, Anti-money laundering (AML) and counter- terrorism financing (CTF), data privacy and protection, cybersecurity, cryptocurrency, and FinTech protocols were top of mind for regulators in 2018–19. View the full release here: https://www.businesswire.com/news/home/20201029005439/en/. We asked for their predictions of how the payments world will look in 2030 across five key pillars: politics and regulation, economics, social, technology and operations. Merchant Acquirers High Growth Company. The non-GAAP financial measures reflect management's judgment of particular items, and may not be comparable to similarly titled measures reported by other companies. ***Rates apply to consumer cards only ****Contactless limit increased to £45 from 1st April 2020 The Global Payments Blog hosts insights around emerging technology and trends in the FinTech industry. Source: Global Payments Model 2020… World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. For each region, you can view data from 2017 through 2027 for transaction volume, transaction value, total revenues, revenues per transaction, and share of global revenues, as well as five-year and ten-year growth rates. For the nine months ended September 30, 2019, earnings adjustments to operating income include $513.7 million in COS and $306.9 million in SG&A expenses. %PDF-1.4 %���� McKinsey Global Payments Report revenues (historical and forecast) have been restated based on revisions to payments volumes and transactions by national authorities and transaction pricing in select countries, most notably China (around $100 billion downward); a restatement of cross-border payments … “Importantly, the immediate and significant cost actions we took in response to the pandemic drove strong adjusted operating margin expansion this quarter, and we are pleased to have delivered adjusted earnings per share growth from the prior year period. l Our bear case, “Sustained downturn”, sees policy measures unable to support the global economy, with a significant down-turn in 2020 and a slow recovery thereafter. For more about the payments market, see Global Payments 2018: Reimagining the Customer Experience. "These results validate the actions we took at the start of the pandemic to position our businesses and return to growth. 2 I ©GLOBAL PAYMENTS INC. ALL RIGHTS RESERVED. Sustainability reporting is growing, with GRI the global common language. The global real-time payment trends transforming money movement. Adjustments to COS include $942.6 million of amortization of acquired intangibles and $23.3 million of other items. “Based on progress on our integration activities, we are raising our expectations for annual run rate expense synergies from the TSYS merger to $375 million, an increase from our prior estimate of $350 million. You must click the activation link in order to complete your subscription. For the nine months ended September 30, 2020, earnings adjustments to operating income included $965.9 million in COS and $338.5 million in SG&A expenses. Introduction. This report, and the detailed technical background report it accompanies (CPMI (2020)), represent the output of Stage 2 of the three-stage process to develop a global roadmap for enhancing cross-border payments (Figure 1). Non-GAAP Information with 2019 on Combined Basis(1): The non-GAAP information for 2019 is presented on a combined basis and includes TSYS results for the three and nine months ended September 30, 2019 determined in accordance with GAAP applied by TSYS and presented with Global Payments' adjustments to revenue and operating income. Progressive regulatory changes in the digital payment landscape are expected to help in fueling the digital payment market. Adjusted operating margin is derived by dividing adjusted operating income by adjusted net revenue. All interested parties may access the audio webcast via the investor relations page of the company’s website at investors.globalpaymentsinc.com. World Payments Report 2019 In this fifteenth edition of the World Payments Report (WPR), we explore the industry’s progress toward a new ecosystem and offer navigational signposts for incumbents as they plan their journey. 0000005183 00000 n © Global Payments Inc. All rights reserved, Global Payments Reports Third Quarter 2020 Results, https://www.businesswire.com/news/home/20201029005439/en/. Final notes 15 Emerging markets – driving the payments … FinTech startups are moving out of niche use cases and are beginning to operate at scale. Payments Accept a wide range of payments … Our technologies, services and employee expertise enable us to provide a broad range of solutions that allow our customers to operate their businesses more efficiently across a variety of channels around the world. For the nine months ended September 30, 2020, earnings adjustments to operating income included $965.9 million in COS and $338.5 million in SG&A expenses. Global payments operating margin at risk by 2025 Source: Accenture Research on annual reports 100% 12.7% 68.5 4.3 14.5% Bank ayments Revenues Revenues loss Payment operating costs Cost of risk Operating margin. Global Payments Inc. (NYSE: GPN) today announced results for the third quarter ended September 30, 2020. Furthermore, according to the report, China is a global leader when it comes to mobile payment adoption. 1 Global payments revenues totaled $1.9 trillion in 2018, returning to a solid yet more sustainable growth level of 6 percent. World Payments Report 2020. 0000051568 00000 n The product is a PDF. The year 2020 moved the value of fast and contactless payments into the zeitgeist, accelerated new real-time payments use cases and overlay services like request to pay (R2P), and evolved capabilities like real-time cross-border payments. For each region, you can view data from 2017 through 2027 for transaction volume, transaction value, total revenues, revenues per transaction, and share of global revenues, as well as five-year and ten-year growth rates. Elsewhere in the technology space, internationally-known brands such as Amazon, Google and Apple are looking to monetise their enormous client reach to expand in . Adjustments to COS include $942.6 million of amortization of acquired intangibles and $23.3 million of other items. The World Payments Report 2020 from Capgemini is the leading source for data, trends and insights on global and regional non-cash payments, the key regulatory and industry initiatives (KRIIs), and today’s dynamic payments … The tax rate used in determining the tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. Management uses these non-GAAP financial measures, together with other metrics, to set goals for and measure the performance of the business and to determine incentive compensation. Excellence Award - Cybersecurity for Financial Services . Guess what: our latest global survey of fraud and economic crime suggests this isn’t far from the truth. Also, for the three months ended September 30, 2020 and September 30, 2019, includes $2.6 million and $4.0 million, respectively, to eliminate the effect of acquisition accounting fair value adjustments for software-related contract liabilities associated with acquired businesses. Net income attributable to Global Payments reflects the removal of $31.4 million in charges from interest expense associated with the financing of the merger with TSYS. We asked for their predictions of how the payments … Nilson Report newsletter is the most trusted source of global news and statistics about the payment industry. Delivers EPS Growth and Strong Margin Performance. 01 Dec 2020. We're GRI. We also remain on track to deliver at least $125 million in annual run rate revenue synergies and $400 million in additional annual run rate expense savings related to the pandemic, which is incremental to the TSYS merger cost synergies.”, Todd concluded, “The extraordinary health of our business, including our strong cash flows and investment grade balance sheet, has served us well during this period. In addition to GAAP measures, management uses these non-GAAP financial measures to focus on the factors the company believes are pertinent to the daily management of our operations. The Paypers releases the global infographic and industry mapping of key players in the Open Banking ecosystem.... Cross-Border Payments and Ecommerce Report 2020–2021 11 Dec 2020 | 1246226 | Report | Raluca Constantinescu | Online Payments These include fees related to the bridge facility the company entered into to support the merger financing, the write-off of debt issuance fees in connection with the refinancing of our credit facility and interest expense on new secured senior notes attributable to the period between issuance and merger close, net of interest income earned from these funds in escrow. RENEWABLES 2020 GLOBAL STATUS REPORT A comprehensive annual overview of the state of renewable energy. Any forward-looking statements speak only as of the date of this communication or as of the date they were made, and we undertake no obligation to update forward-looking statements, except as required by law. What Is Omnichannel? Global Payments Report 2019: Amid sustained growth, accelerating challenges demand bold actions. Learn More . 01 Global Overview; 02 Policy Landscape; 03 Market and Industry Trends; 04 Distributed Renewables for Energy Access; 05 Investment Flows; 06 Energy Systems Integration and Enabling Technologies ; 07 Energy Efficiency and Renewables; 08 Feature: Public … Power. Net income attributable to Global Payments also reflects the removal of $34.3 million in charges from interest expense associated with the financing of the merger with TSYS. For more about the payments market, see Global Payments … 3 I ©GLOBAL PAYMENTS INC. ALL RIGHTS RESERVED. Global Payments’ management will host a live audio webcast today, October 29, 2020, at 8:00 a.m. Examples of forward-looking statements include, but are not limited to, statements we make regarding the effects of the COVID-19 pandemic on our business, including estimates of the effects of the pandemic on our revenues, financial operating results and liquidity, the effects of actions taken by us in response to the pandemic, the anticipated benefits of the merger with TSYS (the “Merger’), including our future financial and operating results, the combined company’s plans, objectives, expectations and intentions, our expected financial and operating results, projected future growth of business, or completion of anticipated benefits of strategic initiatives, and other statements that are not historical facts. Einer Botschaft an den Kongress in Auftrag gegeben wurde landscape of payments in Canada die 1977 von Jimmy! 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