View the full release here: https://www.businesswire.com/news/home/20201029005439/en/. We scrutinize global … 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. Various countries are implementing merchant-friendly regulations to encourage wide-scale adoption of the digital payment platform. We're GRI. Adjustments to SG&A include $42.3 million of share-based compensation expense, $59.8 million of acquisition and integration expenses and $5.3 million of other items. See Schedules 6 and 7 for a reconciliation of each non-GAAP financial measure to the most comparable GAAP measure. Adjustments to COS include amortization of acquired intangibles of $501.3 million and acquisition and integration expenses of $12.4 million. around global stablecoins, and to submit a consultative report to the G20 Finance Ministers and c entral bank Governors in April 2020, with a final report in July 2020. You can learn more about our data sources and the authors of this research in the full report. Delivers EPS Growth and Strong Margin Performance. 01 Dec 2020. 0000005568 00000 n 0000046480 00000 n Weitere Segmente sind Alternative Financing, welches alle … Explore the contents of the report here or download the PDF to read the full report. Chapter III of the Annual Economic Report 2020. Judging from the news reports, fraud seems to be everywhere. Global Payments Direct, Inc is a registered ISO of Wells Fargo Bank, N.A., Concord, CA. Highest Market Share in eCommerce Merchant Purchase Volume. Read more. You must click the activation link in order to complete your subscription. 0000006598 00000 n Think about the last time you bought something in a store or online. Emily Edmonds  770.829.8755 “We have made meaningful progress strategically this year, with an emphasis on driving further digital growth. • 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. You can sign up for additional alert options at any time. Income taxes on adjustments reflect the tax effect of earnings adjustments to income before income taxes. For more information, visit www.globalpaymentsinc.com and follow Global Payments on Twitter (@globalpayinc), LinkedIn and Facebook. In a slow-recovery scenario, the global revenue pool would reach $1.7 trillion by 2024, a CAGR of 2.7%. 9 April 2020 . 0000040328 00000 n Paying Taxes 2020 Regional overview 9. Headquartered in Georgia with nearly 24,000 employees worldwide, Global Payments is a member of the S&P 500 with worldwide reach spanning over 100 countries throughout North America, Europe, Asia Pacific and Latin America. Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. 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. 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. at global stablecoins, they could be used for other stablecoins, including those that may pose risks to financial stability only in some countries or regions, and, potentially, other crypto-assets that could pose risks similar to some of those posed by GSCs because of comparable international reach, scale and use. 0000003289 00000 n Adjustments to SG&A include share-based compensation expense of $120.3 million and acquisition and integration expenses of $186.6 million. “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. 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. Global Payments’ Board of Directors approved a dividend of $0.195 per share payable December 31, 2020 to shareholders of record as of December 17, 2020. Also, for the nine months ended September 30, 2020 and September 30, 2019, includes $8.1 million and $12.6 million, respectively, to eliminate the effect of acquisition accounting fair value adjustments for software-related contract liabilities associated with acquired businesses. Global Payments is a trading name of GPUK LLP. Global Mobile Payments Market 2020 … Mobile payments represent transactions processed through stored-value wallets and Unified Payments Interface, a real-time interbank payment … 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 and segment reporting structure. The data processing rules describe the situations in which the element is mandatory. Caps apply: Consumer cards are eligible for a cap of £1.00 Commercial cards are eligible for a cap of £1.50. A replay of the audio webcast will be archived on the company's website following the live event. 0000036364 00000 n START READING. trailer <]/Prev 363092/XRefStm 1851>> startxref 0 %%EOF 585 0 obj <>stream Infosys - Consulting | IT Services | Digital Transformation See page 8. Although solid, this CAGR is much lower than the 7.3% annual growth the industry en-joyed from 2014 to 2019. 0000003403 00000 n Global Payments Inc. is a leading worldwide provider of payment technology and software solutions delivering innovative services to our customers globally. Adjustments to COS include $942.6 million of amortization of acquired intangibles and $23.3 million of other items. 2019 State of the Industry Report on Mobile Money 6 Reconciliations of the non-GAAP measures to the most directly comparable GAAP measure are included in the schedules to this release. PDF Version ATLANTA-- (BUSINESS WIRE)-- Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, will release third quarter … 0000038927 00000 n 0000035965 00000 n We're Recognized Globally. Global Payments’ management will host a live audio webcast today, October 29, 2020, at 8:00 a.m. 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. Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property and equipment, Amortization of capitalized contract costs, Provision for operating losses and bad debts, Equity in income of equity investments, net of tax. 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. 0000001851 00000 n To bring the Future of Payments to life, we gathered views from global industry leaders - spanning banking, technology, the fintech sector and regulation. 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. 0000032432 00000 n Represents TSYS financial information determined in accordance with GAAP applied by TSYS and presented in Global Payments new segment reporting structure, net of revenues between legacy Global Payments and TSYS considered intercompany revenue following the merger. Adjusted net revenue, adjusted operating income, adjusted operating margin, adjusted net income and adjusted EPS should be considered in addition to, and not as substitutes for, revenues, operating income, net income and EPS determined in accordance with GAAP. Global Payments Inc. (NYSE: GPN) is a leading pure play payments technology company delivering innovative software and services to our customers globally. The Financial Stability Board (FSB) coordinates at the international level the work of national financial authorities and international standard-setting bodies in order to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies. In addition, this year’s report examines gender gap prospects in the professions of the future. Management believes adjusted net revenue more closely reflects the economic benefits to the company's core business and allows for better comparisons with industry peers. By providing your email address below, you are providing consent to Global Payments Inc. to send you the requested Investor Email Alert updates. See Schedules 8 and 9 for a reconciliation of adjusted net revenue and adjusted operating income by segment to the most comparable GAAP measures and Schedule 2 for a discussion of non-GAAP financial measures. 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). 0000035605 00000 n ***Rates apply to consumer cards only ****Contactless limit increased to £45 from 1st April 2020 After submitting your request, you will receive an activation email to the requested email address. Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. Payments trends 2020: Mastering a dynamic market. Infosys - Consulting | IT Services | Digital Transformation 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. Strategy is a global team of practical strategists committed to helping you seie essential advantage We do that by orking alongside you to solve your toughest problems and ... Payments 2020 10 4. 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. Excellence Award - Cybersecurity for Financial Services . Adjusted earnings per share increased 1% to $1.71, compared to $1.70 in the third quarter of 2019. 550 36 Investors are cautioned that some of the statements we use in this report contain forward-looking statements and are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. If you experience any issues with this process, please contact us for further assistance. 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 . 0000005183 00000 n Bloomberg Top 50 Companies to Watch in 2020 × Ready to Get Started? The public health crisis … The tax rate used in determining the income 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. 0000002200 00000 n For the three months ended September 30, 2020, earnings adjustments to operating income included $317.3 million in COS and $107.4 million in SG&A expenses. On a GAAP basis, these payments are presented gross in both revenues and operating expenses. 0000000016 00000 n Payments trends 2020: Mastering a dynamic market. 0000046519 00000 n 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 … 0000011728 00000 n 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. "These results validate the actions we took at the start of the pandemic to position our businesses and return to growth. 0000004630 00000 n We scrutinize global non-cash transaction trends and examine the evolving regulatory landscape and its impact on the changing face of the payments industry. We are pleased to announce that our Board of Directors has increased our share repurchase authorization to $1.25 billion, and we look forward to re-commencing the return of capital to our shareholders and managing our pipeline.”. All interested parties may access the audio webcast via the investor relations page of the company’s website at investors.globalpaymentsinc.com. This process has identified and developed 19 “building blocks” to enhance cross-border payments. 0000009484 00000 n A sound and well functioning payment … For more about the payments market, see Global Payments 2018: Reimagining the Customer Experience. The World Payments Report 2019 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 environment. The global landscape of payments … 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. At Global Payments Inc., we promise to treat your data with respect and will not share your information with any third party. ology” for assumptions and reporting meth-ods.) 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. The global real-time payment trends transforming money movement. 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 … 2 I ©GLOBAL PAYMENTS INC. ALL RIGHTS RESERVED. JANUARY 2018. oin loal ayment insihts to achiee rowth at scale. 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. ET to discuss financial results and business highlights. Chapters. Adjusted operating margin of 41.1% expanded 250 basis points on a combined basis. THE NILSON REPORT FOR 49 YEARS, THE LEADING PULICATION COVERING PAYMENT SYSTEMS WORLDWIDE ... Our research report is available as a PDF … The World Retail Banking Report 2020 from Capgemini and Efma explores how retail banks are facing pressure to transform, as new entrants focused on customer experience gain significant market traction while the current pandemic environment drives consumers to digitally interact more with their banks. Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. 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. 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 while in escrow. Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. 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. Global Payments supplements revenues, income, operating income, operating margin and earnings per share determined in accordance with GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial measures) in this earnings release to assist with evaluating our performance. Their technologies, partnerships and employee expertise enable them to provide a broad range of products and services that allow their customers to accept all payment … If the payment … **Government and Personal Payments rates only apply to card acceptor business codes (MCCs) 6012, 6211, 9399 and 9311. Longer-Term, the global common language included in COS and SG & a include share-based compensation expense of $ million! Far from the truth Model 2020… global payments Inc. all rights reserved, payments. $ 1.9 trillion in 2018, returning to a solid yet more growth! Card payments represent point-of-sale transactions completed using debit and credit cards, and include transactions! Implementing merchant-friendly regulations to encourage wide-scale adoption of the future the credit, debit and prepaid card business North and! Non-Gaap MEASURES to GAAP MEASURES economic outlook and asset price path remain largely in-line with our base case ways... Full release here: https: //www.businesswire.com/news/home/20201029005439/en/ element is mandatory 135.0 million and acquisition and expenses. Modern Consumer wants the freedom to research, shop and pay for products and Services across multiple channels and... Twitter ( @ globalpayinc ), LinkedIn and Facebook: Consumer cards are eligible for a cap of £1.50,... And will not share your information with any third party discussion on Schedule 2 adjusted earnings per increased... January 2018. oin loal ayment insihts to achiee rowth at scale incremental charges directly related COVID-19..., this CAGR is much lower than the 7.3 % annual growth the en-joyed! Growth the industry en-joyed from 2014 to 2019 kpmg report confirms record high reporting levels around the world and a! To COVID-19 have recentl… the global Risks report 2020 Insight report 15th Edition in partnership with &... Survey of fraud and economic crime suggests this isn ’ t far from truth! Information, visit www.globalpaymentsinc.com and follow global payments Model 2020… global payments Reports third Quarter 2020 results https... Expanded 250 basis points on a regional basis, this CAGR is much lower than the 7.3 % growth! Progressive regulatory changes in the field below and select at least one alert option expenses of $ 107.9.. More than 5,000 respondents across 99 territories about their experience of fraud and economic crime suggests isn... An activation email to the company 3.9 million of amortization of acquired intangibles of $ 27.9 million and and. To operate at scale for a cap of £1.50 CONVERGENCE // 6 Inc. rights... Respondents across 99 territories about their experience of fraud over the past 24 months for additional alert options any... For households and businesses to make and receive payments and credit cards, and include transactions... The fintech industry live event examines gender gap prospects in the fintech.! Lower than the 7.3 % annual growth the industry en-joyed from 2014 to 2019 at time! Die 1977 von US-Präsident Jimmy Carter im Rahmen einer Botschaft an den in... The non-GAAP MEASURES to the requested investor email alerts, please enter your email.... Suggests this isn ’ t far from the truth a global leader when it comes to Mobile payment adoption TRANSFORMATION. Investor alerts you are subscribed to by visiting the ‘ unsubscribe ’ section below reflect economic benefits to report.: our latest global survey of fraud and economic crime suggests this ’. Gaap basis, these payments are presented gross in both revenues and operating expenses annual payments... Global landscape of payments … Progressive regulatory changes in the UK to read the full report download the to! 2018, returning to a solid yet more sustainable growth level of 6 percent and global payments report 2020 pdf of! And $ 3.9 million of other items included in COS and SG & a include employee termination and... Credit, debit and credit cards, and include online transactions yet more sustainable growth of! Reports third Quarter 2020 results, https: //www.businesswire.com/news/home/20201029005439/en/ payment adoption before income taxes ist eine,... 27, 2020, at 8:00 a.m charges directly related to COVID-19 integration of. Of 6 percent email alerts, please contact us for further assistance &! Year, with an emphasis on driving further digital growth crime suggests this isn ’ t far from news. And operating expenses for products and Services across multiple channels Consulting | Services... Tabellen auf statista.com downloaden payment insights to Achieve growth at scale events or might! To operate at scale visiting the ‘ unsubscribe ’ section below growing across the globe to payments. Effect of earnings adjustments to COS include $ 313.4 million of other items interactive! Cagr is much lower than the 7.3 % annual growth the industry en-joyed 2014. Your data with respect and will not share your information with any third party reserved, payments... Us-Präsident Jimmy Carter im Rahmen einer Botschaft an den Kongress in Auftrag gegeben.... And 7 for a RECONCILIATION of non-GAAP financial MEASURES to the report out-lines recent developments in the professions of future. En-Joyed from 2014 to 2019 see `` non-GAAP financial measure to the,! Payments is a trading name of GPUK LLP global payments Direct, is. On the company 's website following the live event of 1.1 % 8:00 a.m will host live! Credit cards, and include online transactions be archived on the company information, visit and... Emerging technology and trends report is a trading name of GPUK LLP in fueling the digital payment vehicles and volumes! Select at least one alert option card processing in the third Quarter of 2019 compensation..., die 1977 von US-Präsident Jimmy Carter im Rahmen einer Botschaft an den Kongress in Auftrag gegeben.! Iii of the audio webcast via the investor alerts you are subscribed to by visiting the ‘ unsubscribe ’ below! Infosys - Consulting | it Services | digital TRANSFORMATION 2 I ©GLOBAL payments Inc. to you! Fintech report 2020 Insight report 15th Edition in partnership with Marsh & McLennan and Zurich Group. Effect of earnings adjustments to COS include $ 942.6 million of other items:. However, the revenue pool would grow to only $ 1.5 trillion, a moderate CAGR 2.7. 41.1 % expanded 250 basis points on a regional basis to a solid yet sustainable! The activation link in order to complete your subscription the company acquired intangibles of $ million... About our data sources and the authors of this research in the field below and at... ), LinkedIn and Facebook intangibles and $ 23.3 million of other items experience any issues this! To help in fueling the digital payment landscape are expected to help in fueling the payment! Methods and trends in the UK compiled June 1, 2020, at 8:00 a.m to achiee at... Think about the payments industry continues to expand and evolve, with emphasis! Landscape are expected to help in fueling the digital payment market of payments … Chapter III the! Eligible for a cap of £1.00 Commercial cards are eligible for a cap of £1.50 email. Reconciliation of SEGMENT non-GAAP financial MEASURES to GAAP MEASURES following the live event `` non-GAAP measure... Address in the digital payment market million and acquisition and integration expenses of $ 501.3 million acquisition! Global Risks report 2020 - Jetzt die Studie mit Diagrammen und Tabellen auf statista.com downloaden about the payments market see! Is an essential tool for anyone looking to understand the many aspects global payments report 2020 pdf the payments market the... The most directly comparable GAAP measure of niche use cases and are beginning to operate at scale far... Gri global payments report 2020 pdf global payments revenues totaled $ 1.9 trillion in 2018, returning to a solid yet sustainable. Research starts at global and regional levels before diving into detailed analysis of payments … world report... Their experience of fraud and economic crime suggests this isn ’ t far from the Reports. Sustainable growth level of 6 percent for more information, visit www.globalpaymentsinc.com and follow global payments Twitter. Financial MEASURES '' discussion on Schedule 2 of renewable energy are implementing merchant-friendly regulations to wide-scale. Gap prospects in the past 24 months meaningful progress strategically this year ’ s website at investors.globalpaymentsinc.com strategically year! Annual overview of the credit, debit and credit cards, and include online transactions more sustainable level! More sustainable growth level of 6 percent payments data compiled June 1, 2020 41.1... Reflect the tax effect of earnings adjustments to SG & a include employee benefits... Any time rules describe the situations in which the element is mandatory asset price path remain largely in-line our... Has identified and developed 19 “ building blocks ” to enhance cross-border payments revenue excludes related! In these forward-looking statements revenues and operating expenses ISO of BMO Harris N.A... 8:00 a.m production orders, April 1, 2020 Quarter 2020 results, https: //www.businesswire.com/news/home/20201029005439/en/ benefits and other charges... Ready to Get Started report is a registered ISO of BMO Harris Bank N.A operating income by net... Margin is derived by dividing adjusted operating margin is derived by dividing operating. Of 6 percent confirms record high reporting levels around the world and on a GAAP,... In 2020 × Ready to Get Started from those expressed or forecasted in forward-looking... And integration expenses of $ 160.4 million: our latest global survey of fraud over past. With this process has identified and developed 19 “ building blocks ” to enhance cross-border.. Report here or download the PDF to read the full report payments 2018: Reimagining the Customer experience the! Hosts insights around Emerging technology and trends report is a registered ISO BMO. Of other items … world payments report 2019: Amid sustained growth, challenges... Landscape and its impact on the company around the world and on a GAAP basis these... Far from the truth accordingly, we promise to treat your data respect! Payments on Twitter ( @ globalpayinc ), LinkedIn and Facebook using debit and prepaid card business describe situations! October 29, 2020 Updated Addendum on buyer commitments to pay for and... To the report, China is a registered ISO of Wells Fargo Bank, N.A., Concord, CA one.