Global Payments Integrated (formerly OpenEdge Payments, LLC) is an American company providing financial technology services via payment processing integration. Headquartered in Lindon,

Utah Utah ( , ) is a state in the Mountain West subregion of the Western United States. Utah is a landlocked U.S. state bordered to its east by Colorado, to its northeast by Wyoming, to its north by Idaho, to its south by Arizona, and to it ...

, Global Payments Integrated is a subsidiary of

Global Payments Global Payments Inc. is an American multinational financial technology company that provides Financial transaction, payment technology and services to merchants, issuers and consumers. In June 2021, the company was named to the Fortune 500. The c ...

whose stock is a component of the

S&P 500 The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of D ...

stock market index.

Business

Global Payments Integrated provides payment processing services to

merchant A merchant is a person who trades in commodities produced by other people, especially one who trades with foreign countries. Historically, a merchant is anyone who is involved in business or trade. Merchants have operated for as long as indust ...

s, allowing them to accept credit and debit cards, along with other payment types (this role is known as a merchant acquirer). In return, they receive a percentage of the transaction value (usually about 1-2% for credit cards). They provide these services both directly to merchants, and indirectly through other financial organizations. Global Payments Integrated also develops new software for clients to better integrate with existing systems. Global Payments Integrated's parent organization is a

Fortune 1000 The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine ''Fortune''. It only includes companies which are incorporated or authorized to do business in the United States, and for ...

company.

History

In October 2012,

acquired the smaller Accelerated Payment Technologies for $413 million. In January 2015, it bought Payment Processing (also known as PayPros), a

California California is a U.S. state, state in the Western United States, located along the West Coast of the United States, Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the List of states and territori ...

company, for $420 million. Accelerated Payment Technologies and PayPros operated under the new name of OpenEdge. In 2018, Global Payments completed acquisition of AdvancedMD - a partner of OpenEdge Payments. On May 28, 2019, Global Payments announced a $21.5 billion merger with

TSYS Total System Services, Inc. (commonly referred to as TSYS), is an American financial technology company headquartered in Columbus, Georgia. In 2019, TSYS was merged into Global Payments, Global Payments Inc. TSYS is the largest third-party payment ...

. The merger is expected to trigger a Federal Trade Commission investigation. OpenEdge Payments's role in the merger is unclear at this time.

References

External links

Official website
{{Authority control Online payments Corporate spin-offs Companies listed on the New York Stock Exchange American companies established in 2014 Companies based in Utah Payment service providers Financial services companies of the United States Financial services companies established in 2014 2014 establishments in Utah