Global Payments Inc. provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services. This segment also provides an array of enterprise software solutions that streamline business operations of its customers in various vertical markets; and value-added solutions and services, such as point-of-sale software, analytics and customer engagement, payroll and reporting, and human capital management. The Issuer Solutions segment offers solutions that enable financial institutions and retailers to manage their card portfolios through a platform; and commercial payments, account payables, and electronic payment alternatives solutions for businesses and governments. It markets its products and services through direct sales force, trade associations, agent and enterprise software providers, referral arrangements with value-added resellers, and independent sales organizations. The company was founded in 1967 and is headquartered in Atlanta, Georgia.
Global Payments Inc. has announced the layoff of approximately 300 employees as part of a strategic restructuring effort aimed at streamlining operations and enhancing efficiency. The layoffs are set to take effect immediately, impacting various roles within the company. This decision comes in response to ongoing market challenges and the need to adapt to changing business conditions. The company is also pursuing acquisitions and divestitures to better position itself in the competitive payments industry. The layoffs reflect a broader trend of workforce adjustments within the sector as companies seek to optimize their resources.
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