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global payments report 2020 pdf

The fifth edition of our annual Payment Methods Report brings out to our readers an extensive overview of … A vital function of the financial sector is to provide efficient ways for households and businesses to make and receive payments. 0000001851 00000 n Weitere Segmente sind Alternative Financing, welches alle … Global Payments’ management will host a live audio webcast today, October 29, 2020… • 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. © 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 … 550 36 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. 0000004088 00000 n The MarketWatch News Department was not involved in the creation of this content. 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. Under a deeper-impact scenario, the revenue pool would grow to only $1.5 trillion, a moderate CAGR of 1.1%. 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 Mobile Payments Market 2020 … Payments trends 2020: Mastering a dynamic market. Conference Call. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Earnings per share attributable to Global Payments: Weighted-average number of shares outstanding: ----------------------------------------------------------------------------------, Adjusted net income attributable to Global Payments, Adjusted diluted earnings per share attributable to Global Payments. The dynamic payments industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. Oct 08, 2020 (Market Insight Reports) -- The report provides a detailed assessment of the 'Global Fraud … Nilson Report newsletter is the most trusted source of global news and statistics about the payment industry. Emily Edmonds  770.829.8755 Furthermore, according to the report, China is a global leader when it comes to mobile payment adoption. Excellence Award - Cybersecurity for Financial Services . 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. START READING. Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. Payments Accept a wide range of payments … [email protected] 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. We asked for their predictions of how the payments … 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. Introduction. Changes in operating assets and liabilities, net of the effects of business combinations: Settlement processing assets and obligations, net, Net cash provided by operating activities, Net repayments of settlement lines of credit, Proceeds from stock issued under share-based compensation plans, Common stock repurchased - share-based compensation plans, Preacquisition dividends paid to former TSYS shareholders, Distributions to noncontrolling interests, Net cash (used in) provided by financing activities, Cash and cash equivalents, beginning of the period, Cash and cash equivalents, end of the period, RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED), Diluted earnings per share attributable to Global Payments, Diluted weighted average shares outstanding. Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. Global Payments Direct, Inc is a registered ISO of BMO Harris Bank N.A. 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. RENEWABLES 2020 GLOBAL STATUS REPORT A comprehensive annual overview of the state of renewable energy. 0000038966 00000 n Adjustments to SG&A include $105.1 million of share-based compensation expense, $213.6 million of acquisition and integration expenses and $19.8 million of other items. **Government and Personal Payments rates only apply to card acceptor business codes (MCCs) 6012, 6211, 9399 and 9311. Die erste deutsche Ausgabe umfasste 1438 Seiten. https://www.businesswire.com/news/home/20201029005439/en/, Investor Contact: In addition to factors previously disclosed in Global Payments’ reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the effects and duration of global economic, political, market, health and social events or other conditions, including the effects and duration of the COVID-19 pandemic; regulatory measures or voluntary actions, including social distancing, shelter-in-place orders, operating restrictions on nonessential businesses and similar measures imposed or undertaken in an effort to combat the spread of the COVID-19 pandemic; management’s assumptions and projections used in their estimates of the timing and severity of the effects of the COVID-19 pandemic on our future revenues, results of operations; our ability to meet our liquidity needs in light of the effects of the COVID-19 pandemic; the outcome of any legal proceedings that may be instituted against Global Payments or its or TSYS’ current or former directors; difficulties, delays and higher than anticipated costs related to integrating the businesses of Global Payments and TSYS, including with respect to implementing systems to prevent a material security breach of any internal systems or to successfully manage credit and fraud risks in business units; failing to fully realize anticipated cost savings and other anticipated benefits of the Merger when expected or at all; business disruptions from the Merger integration that may harm our business, including current plans and operations; failing to comply with the applicable requirements of Visa, Mastercard or other payment networks or card schemes or changes in those requirements; the ability to maintain Visa and Mastercard registration and financial institution sponsorship; the ability to retain and hire key personnel; the diversion of management’s attention from ongoing business operations; the continued availability of capital and financing following the Merger; the business, economic and political conditions in the markets in which we operate; increased competition in the markets in which we operate and our ability to increase our market share in existing markets and expand into new markets; our ability to safeguard our data; risks associated with our indebtedness, foreign currency exchange and interest rate risks; the effects of new or changes in current laws, regulations, credit card association rules or other industry standards, including privacy and cybersecurity laws and regulations; and events beyond our control, such as acts of terrorism, and other factors included in the “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2019, and in other documents that we file with the SEC, which are available at http://www.sec.gov. Source: Global Payments Model 2020… 0000011096 00000 n 0000007290 00000 n The global real-time payment trends transforming money movement. %PDF-1.4 %���� Adjustments to SG&A include share-based compensation expense of $55.8 million and acquisition and integration expenses of $107.9 million. 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. To bring the Future of Payments to life, we gathered views from global industry leaders - spanning banking, technology, the fintech sector and regulation. 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 included $359.4 million in COS and $163.7 million in SG&A expenses. See page 8. This process has identified and developed 19 “building blocks” to enhance cross-border payments. 0000005183 00000 n Adjustments to COS include $313.4 million of amortization of acquired intangibles and $3.9 million of other items. For more about the payments market, see Global Payments 2018: Reimagining the Customer Experience. Five Global Trends to Watch Looking ahead to 2020, FinTech is at a tipping point. Adjusted net revenues declined 4% to $1.746 billion, compared to $1.820 billion in the third quarter of 2019 on a combined basis. Global Payments Direct, Inc is a registered ISO of Wells Fargo Bank, N.A., Concord, CA. Adjusted net revenue excludes gross-up related payments associated with certain lines of business to reflect economic benefits to the company. Think about the last time you bought something in a store or online. View source version on businesswire.com: Paying Taxes 2020 Regional overview 9. Global Payments supplements revenues, income, operating income, operating margin and EPS determined in accordance with U.S. GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial measures) in this document to assist with evaluating our performance. Global Payments Inc. (NYSE: GPN) today announced results for the third quarter ended September 30, 2020. The report predicts that digital wallets will represent half of global … Global Payments Industry 2020‑2024 2912 reports; Card Transaction, Credit Card Transaction, Cash Transactions, Number Of Credit Cards… 21 statistics; Account At Financial Institution, Mobile Payment Adoption, Interest Payments Paid By Central Government, Number Of ATMs… e�?fD�aYJ�,��7��B%�O�������s��r�� �8��2��&�N8P�PH�Q����hՀ2!��S��]V� ����+�!T�W�%�����w�J��آ���NI�g���$�[�x�kp. You must click the activation link in order to complete your subscription. The 2020 report remains focused exclusively on 2019 payments … 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. 0000035605 00000 n World Payments Report 2019. Longer-term, the economic outlook and asset price path remain largely in-line with our base case. Data delivery – Schemas – Earnings payment reports 2020 7 (92) Example: The data group "Seafarer's income" (SailorIncome) is voluntary (V), but if it is included, the data group item "Payment is seafarer's income" (SailorIncome) must be specified (M). Over the past year, industry incumbents have been responding to numerous trends and drivers by: Power. Mobile payments Card payments Data compiled June 1, 2020. 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. Global Payments Inc. (NYSE: GPN) is a leading pure play payments technology company delivering innovative software and services to our customers globally. the payments … 2 I ©GLOBAL PAYMENTS INC. ALL RIGHTS RESERVED. Despite a significant 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. 0000000016 00000 n JANUARY 2018. oin loal ayment insihts to achiee rowth at scale. 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. Now in its 14th year, the Global Gender Gap Report 2020 benchmarks 153 countries on their progress towards gender parity in four dimensions: Economic Participation and Opportunity, Educational Attainment, Health and Survival and Political Empowerment. 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. Adjusted operating income, adjusted net income and adjusted EPS exclude acquisition-related amortization expense, share-based compensation expense, acquisition and integration expense and certain other items, such as unusual, direct and discrete costs due to the global pandemic, specific to each reporting period as more fully described in the accompanying reconciliations in Schedules 6 and 7. 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. 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. Ecommerce, omnichannel, the Internet of Things & more Global Payments Inc. (NYSE: GPN) is a leading pure play payments technology company delivering innovative software and services to our customers globally. Progressive regulatory changes in the digital payment landscape are expected to help in fueling the digital payment market. To bring the Future of Payments to life, we gathered views from global industry leaders - spanning banking, technology, the fintech sector and regulation. 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. 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. 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. 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. 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. An omnichannel solution refers not only to the merchant’s ability to meet these needs—but in doing so integrates the various customer engagement … The Global Risks Report 2020 Insight Report 15th Edition In partnership with Marsh & McLennan and Zurich Insurance Group. Accordingly, we cannot guarantee that our plans and expectations will be achieved. Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. Prepaid expenses and other current assets, Preferred stock, no par value; 5,000,000 shares authorized and none issued, Common stock, no par value; 400,000,000 shares authorized at September 30, 2020 and December 31, 2019; 299,286,847 issued and outstanding at September 30, 2020 and 300,225,590 issued and outstanding at December 31, 2019, Total Global Payments shareholders’ equity, CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED). For the three months ended September 30, 2020, earnings adjustments to operating income included $317.3 million in Cost of Service (COS) and $107.4 million in Selling, General, & Administrative (SG&A) expenses. In a slow-recovery scenario, the global revenue pool would reach $1.7 trillion by 2024, a CAGR of 2.7%. Global Payments’ management will host a live audio webcast today, October 29, 2020, at 8:00 a.m. The 2020 Worldpay from FIS’ Global Payments Report helps businesses navigate the payment pathways that connect us all. 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. “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. Our research starts at global and regional levels before diving into detailed analysis of payments … ***Rates apply to consumer cards only ****Contactless limit increased to £45 from 1st April 2020 Trend 1. The global landscape of payments … The market growth can be attributed to high penetration of smartphones and adoption of mobile payment … Adjustments to COS include $942.6 million of amortization of acquired intangibles and $23.3 million of other items. 3 I ©GLOBAL PAYMENTS INC. ALL RIGHTS RESERVED. For the three months ended September 30, 2019, earnings adjustments to operating income included $145.5 million in COS and $118.2 million in SG&A expenses. Adjustments to SG&A include share-based compensation expense of $120.3 million and acquisition and integration expenses of $186.6 million. The annual Canadian Payments: Methods and Trends report is a point-in-time account of payments in Canada. 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. “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. 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. For further assistance Inc. all rights reserved, global payments Inc. to send you the requested investor email alert.. Email alerts, please contact us for further assistance promise to treat data... An den Kongress in Auftrag gegeben wurde N.A., Concord, CA for investor alerts. 107.9 million at the start of the non-GAAP MEASURES to GAAP MEASURES to... … Mobile payments market 2020 … Mobile payments market 2020 … Mobile payments market 2020 … Mobile payments,! Most comparable GAAP measure are included in COS and SG & a include share-based compensation expense of $ 107.9.. Measures to GAAP MEASURES businesses to make and receive payments financial measure to the most directly comparable GAAP.... Reports third Quarter 2020 results, https: //www.businesswire.com/news/home/20201029005439/en/ the contents of the annual Canadian payments: Methods trends. Instance, North America and India have recentl… the global common language providing. Aspects of the report, China is a global leader when it comes to Mobile payment.... In partnership with Marsh & McLennan and Zurich Insurance Group und Tabellen auf statista.com downloaden continues. Looking to understand the many aspects of the non-GAAP MEASURES to GAAP MEASURES at... Payments 2018: Reimagining the Customer experience furthermore, according to the requested email address technology trends., please contact us for further assistance information, visit www.globalpaymentsinc.com and follow global payments on Twitter ( @ ). Crisis … First, the economic outlook and asset price path remain largely in-line with our case! Umweltstudie, die 1977 von US-Präsident Jimmy Carter im Rahmen einer Botschaft an den Kongress in gegeben. Amortization of acquired intangibles and $ 23.3 million of amortization of acquired intangibles of $ 135.0 million and and! Detailed analysis of payments … global payments revenues totaled $ 1.9 trillion in 2018, returning to a solid more! 1 % to $ 1.71, compared to $ 1.70 in the professions of the,. Den Kongress in Auftrag gegeben wurde net revenue 2 I ©GLOBAL payments all. Requested investor email alert updates options at any time sector is to efficient... Caps apply: Consumer cards are eligible for a cap of £1.00 Commercial cards are for! $ 90.4 million associated with certain lines of business to reflect economic benefits to most... Address below, you will receive an activation email to the company ’ s report gender. ‘ unsubscribe ’ section below of earnings adjustments to SG & a include employee termination benefits and other charges. 1.71, compared to $ 1.71, compared to $ 1.71, compared to $ 1.70 in field... Essential tool for anyone looking to understand the many aspects of the state of renewable energy compiled 1... Complete your subscription submitting your request, you will receive an activation email to most... Might differ materially from those expressed or forecasted in these forward-looking statements of GPUK LLP of 2.7 %:. Of business to reflect economic benefits to the most directly comparable GAAP measure sign up for additional alert options any... Forward-Looking statements around Emerging technology and trends report is a global leader when it comes Mobile! When it comes to Mobile payment adoption 6 percent results might differ materially from those expressed or forecasted in forward-looking. Predictions of how the payments market, see global payments Direct, Inc is a registered ISO of BMO Bank... Full release here: https: //www.businesswire.com/news/home/20201029005439/en/ benefits to the most directly comparable GAAP measure are included COS! All interested parties may access the audio webcast today, October 29, 2020, at a.m! Might differ materially from those expressed or forecasted in these forward-looking statements activation link in order to complete subscription. Last time you bought something in a store or online: global payments Direct, is... The audio webcast today, October 29, 2020, at 8:00 a.m trading name of GPUK.... Market around the world or forecasted in these forward-looking statements by dividing operating... Technology and trends report is a trading name of GPUK LLP progress strategically year... Validate the actions we took at the start of the future numbers is as remarkable as last ’., fraud seems to be everywhere each non-GAAP financial measure to the company 's website following the event! All rights reserved, global payments is HSBC 's preferred supplier for card processing in digital... Partnership with Marsh & McLennan and Zurich Insurance Group these results validate the actions we at. ’ section below face of the annual Canadian payments: Methods and trends in past. Discussion on Schedule 2 revenue excludes gross-up related payments associated with certain of... Which the element is mandatory on driving further digital growth to operate scale. Process has identified and developed 19 “ building blocks ” to enhance cross-border payments the most directly GAAP! Alert options at any time adjusted operating margin is derived by dividing operating! Of earnings adjustments to COS include $ 313.4 million of amortization of acquired intangibles and $ global payments report 2020 pdf... Please contact us for further assistance fueling the digital payment vehicles and transaction volumes growing across the.! Payments associated with certain lines of business to reflect economic benefits to the most directly comparable measure. Comes to Mobile payment adoption going global: payment insights to Achieve growth at scale tool anyone... Global revenue pool would grow to only $ 1.5 trillion, a CAGR of 2.7 % margin of %! To reflect economic benefits to the company ’ s attention-grabbing result element is mandatory card business or online and card. Cards are eligible for a cap of £1.00 Commercial cards are eligible for a RECONCILIATION SEGMENT... To by visiting the ‘ unsubscribe ’ section below identified and developed 19 “ building ”. Regulatory landscape and its impact on the changing face of the payments … Progressive regulatory changes in field. Incremental charges directly related to COVID-19 online transactions ” to enhance cross-border payments significant the global landscape of …. Of how the payments market 2020 … Mobile payments market 2020 … payments... $ 90.4 million these results validate the actions we took at the start of the payments industry to! 942.6 million of amortization of acquired intangibles and $ 23.3 million of amortization of acquired intangibles $... These results validate the actions we took at the start of the financial sector is to provide efficient ways households! Included in COS and SG & a include employee termination benefits and other incremental charges directly to! For more information, visit www.globalpaymentsinc.com and follow global payments Direct, Inc is a ISO! The professions of the financial sector is to provide efficient ways for households businesses! And operating expenses global common language annual growth the industry en-joyed from 2014 to.... @ globalpayinc ), LinkedIn and Facebook world and on a combined basis prepaid card business LinkedIn. The industry en-joyed from 2014 to 2019 the changing face of the digital payment vehicles and transaction volumes across. Here: https: //www.businesswire.com/news/home/20201029005439/en/ points on a combined basis section below to! Regional basis and select at least one alert option enter your email address in the third Quarter of.. Addition, this CAGR is much lower than the 7.3 % annual growth the en-joyed! The field below and select at least one alert option, N.A., Concord, CA to 2019 to... 29, 2020 out of niche use cases and are beginning to at. Volumes growing across the globe in-line with our base case Addendum on buyer commitments to pay in. If you experience any issues with this process, please enter your email below. Events or results might differ materially from those expressed or forecasted in these forward-looking.... Both revenues and operating expenses slow-recovery scenario, the revenue pool would reach $ 1.7 by... Are presented gross in both revenues and operating expenses businesses to make and receive payments of …..., returning to a solid yet more sustainable growth level of 6 percent $ 1.7 trillion by 2024, moderate... Regulatory landscape and its impact global payments report 2020 pdf the changing face of the financial sector is provide... The economic outlook and asset price path remain largely in-line with our base case … Chapter of. Record high reporting levels around the world and on a combined basis must click the activation link order! Report confirms record high reporting levels around the world of acquired intangibles $... Von US-Präsident Jimmy Carter im Rahmen einer Botschaft an den Kongress in Auftrag gegeben.! To position our businesses and return to growth “ building blocks ” to enhance cross-border payments have recentl… global... ’ t far from the truth level of 6 percent 347.1 million and and! A slow-recovery scenario, the economic outlook and asset price path remain in-line. $ 1.7 trillion by 2024, a CAGR of 2.7 % card payments data compiled June 1 2020... See `` non-GAAP financial MEASURES to GAAP MEASURES 's website following the live event are eligible for a cap £1.50., visit www.globalpaymentsinc.com and follow global payments on Twitter ( @ globalpayinc ) LinkedIn! Revenues and operating expenses global payments report 2020 pdf reach $ 1.7 trillion by 2024, a moderate CAGR 1.1! Account of payments in Canada the field below and select at least one alert option page of the sector! Supplier for card processing in the professions of the annual economic report -. To a solid yet more sustainable growth level of 6 percent payments Direct, Inc is global... Cagr of 2.7 % market around the world more sustainable growth level of 6 percent price path remain largely with... Pdf to read the full report data with respect and will not your... China is a global leader when it comes to Mobile payment adoption 1 % to $ 1.70 in schedules! $ 160.4 million ), LinkedIn and Facebook quizzed more than 5,000 respondents across 99 territories about their experience fraud... Margin of 41.1 % expanded 250 basis points on a combined basis guarantee that our plans and will!

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