global payments report 2020 pdf
hތSmHSa>����r~�ibs�re�f3 �+�ԥfJ&$9o34EaZ�㺅ίv�DZ The 2020 Worldpay from FIS’ Global Payments Report helps businesses navigate the payment pathways that connect us all. 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. 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. whitepaper . “We delivered solid financial performance for the third quarter, enabled by the continued recovery across our markets, our attractive business mix and ongoing outstanding execution,” said Paul Todd, Senior Executive Vice President and Chief Financial Officer. Winnie Smith 770.829.8478 See Schedules 6 and 7 for a reconciliation of each non-GAAP financial measure to the most comparable GAAP measure. Over the past year, industry incumbents have been responding to numerous trends and drivers by: 0000004630 00000 n Media Contact: Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. 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. Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. 0000038966 00000 n 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. 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. 47% of companies experienced a fraud in the past 24 months. 0000003440 00000 n A replay of the audio webcast will be archived on the company's website following the live event. Sustainability reporting is growing, with GRI the global common language. 0000006598 00000 n 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 . In a slow-recovery scenario, the global revenue pool would reach $1.7 trillion by 2024, a CAGR of 2.7%. 2019 State of the Industry Report on Mobile Money 6 media.relations@globalpay.com. See page 8. Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. For more about the payments market, see Global Payments … The 2020 report remains focused exclusively on 2019 payments … Payments trends 2020: Mastering a dynamic market. Sie wurde im Jahre 1980 von der US-Regierung veröffentlicht und noch im selben Jahr von einer Gruppe von Mitarbeitern des Verlages Zweitausendeins ins Deutsche übersetzt. Enhancing Cross-border Payments . 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. Longer-term, the economic outlook and asset price path remain largely in-line with our base case. For more about the payments market, see Global Payments 2018: Reimagining the Customer Experience. For more information, visit www.globalpaymentsinc.com and follow Global Payments on Twitter (@globalpayinc), LinkedIn and Facebook. 0000051568 00000 n Adjustments to COS include $942.6 million of amortization of acquired intangibles and $23.3 million of other items. 0000022561 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 … 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. Trend 1. 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. 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. PDF Version ATLANTA-- (BUSINESS WIRE)-- Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, will release third quarter … 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 Open Banking Report 2020 follows the journey from Open Banking to Open Finance and Open Data Economy and provides key insights... Payment Methods Report 2020 – What's New in the Way People Prefer to Pay 28 Aug 2020 | 1244363 | Report | Simona Negru | Payments General. 0000007833 00000 n These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which we operate, and beliefs of and assumptions made by our management, involve risks, uncertainties and assumptions that could significantly affect the financial condition, results of operations, business plans and the future performance of Global Payments. report March 27, 2020 Updated Addendum on buyer commitments to pay for in production orders, April 1, 2020. On a GAAP basis, these payments are presented gross in both revenues and operating expenses. It is an essential tool for anyone looking to understand the many aspects of the credit, debit and prepaid card business. PDF Navigation This is an interactive PDF. 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. To bring the Future of Payments to life, we gathered views from global industry leaders - spanning banking, technology, the fintech sector and regulation. 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. 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. 0000035965 00000 n 0000010265 00000 n 9 April 2020 . JANUARY 2018. oin loal ayment insihts to achiee rowth at scale. START READING. KPMG report confirms record high reporting levels around the world. Chapters. Under a deeper-impact scenario, the revenue pool would grow to only $1.5 trillion, a moderate CAGR of 1.1%. Mobile payments represent transactions processed through stored-value wallets and Unified Payments Interface, a real-time interbank payment … 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). We quizzed more than 5,000 respondents across 99 territories about their experience of fraud over the past 24 months. 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. 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. Adjustments to COS include $313.4 million of amortization of acquired intangibles and $3.9 million of other items. “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. 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. 2 I ©GLOBAL PAYMENTS INC. ALL RIGHTS RESERVED. “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. 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. ET to discuss financial results and business highlights. A sound and well functioning payment … 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.”. 0000004088 00000 n 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… Infosys - Consulting | IT Services | Digital Transformation **Government and Personal Payments rates only apply to card acceptor business codes (MCCs) 6012, 6211, 9399 and 9311. 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. 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. 0000001016 00000 n RENEWABLES 2020 GLOBAL STATUS REPORT A comprehensive annual overview of the state of renewable energy. Think about the last time you bought something in a store or online. Adjustments to COS include $313.4 million of amortization of acquired intangibles and $3.9 million of other items. The report predicts that digital wallets will represent half of global … 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. We're Recognized Globally. 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. 0000011096 00000 n As a result of our strong performance through the third quarter, we are returning to our traditional capital priorities, including share repurchases.”. 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. Global Payments Inc. (NYSE: GPN) is a leading pure play payments technology company delivering innovative software and services to our customers globally. Competition between closed and open payments platforms ... development of global industry standards, such as ISO 20022, to govern payments messaging, interoperability, interfaces, payment … Paying Taxes 2020 Regional overview North America US tax reform reduced the region’s TTCR in 2018, and the region continues to have the lowest number of payments; all three countries — Canada, Mexico and the US — have online filing and payment systems for all taxes. We are delighted with our collaboration with Amazon Web Services, our preferred cloud provider of issuer technologies, a relationship that is already generating significant momentum since our August announcement; the acquisition of an incremental stake in our joint venture with CaixaBank in October, bringing our ownership to 80%; and the ongoing mix shift of our revenues toward technology enablement, where we recently crossed the 60% target that we set in March 2018, ahead of our plan.”, Sloan concluded, “We accomplished these goals during the pandemic while also extending relationships with some of the largest, most sophisticated and complex worldwide financial institutions including HSBC Group in Europe and CIBC in Canada for merchant services, as well as by taking share in card issuing services through partnerships with market leaders in technology and financial services. We asked for their predictions of how the payments … TWO WAYS PROVIDERS CAN EXTRACT MORE PAYMENTS VALUE To protect the economics of their payments businesses, banks will need to define their business and innovation … First, the report out-lines recent developments in the payments market around the world and on a regional basis. GLOBAL PAYMENTS 2020: TRANSFORMATION AND CONVERGENCE // 6. 0000008423 00000 n 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. Global Payments Report 2019: Amid sustained growth, accelerating challenges demand bold actions. 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. 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. V/M The element is conditionally mandatory. 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. Adjustments to SG&A include share-based compensation expense of $55.8 million and acquisition and integration expenses of $107.9 million. 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. Global Mobile Payments Market 2020 … … Various countries are implementing merchant-friendly regulations to encourage wide-scale adoption of the digital payment platform. Ecommerce, omnichannel, the Internet of Things & more You can learn more about our data sources and the authors of this research in the full report. The dynamic payments industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. Learn More . We're GRI. Five Global Trends to Watch Looking ahead to 2020, FinTech is at a tipping point. If you experience any issues with this process, please contact us for further assistance. 0000003289 00000 n 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. 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. FinTech Report 2020 - Jetzt die Studie mit Diagrammen und Tabellen auf statista.com downloaden! "These results validate the actions we took at the start of the pandemic to position our businesses and return to growth. 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. 0000009484 00000 n The data processing rules describe the situations in which the element is mandatory. 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. The MarketWatch News Department was not involved in the creation of this content. 0000005970 00000 n Global Payments is HSBC's preferred supplier for card processing in the UK. 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. 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. Delivers EPS Growth and Strong Margin Performance. 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. Emily Edmonds 770.829.8755 Adjustments to COS include amortization of acquired intangibles of $180.5 million and acquisition and integration expenses of $10.5 million. Other items included in COS and SG&A include employee termination benefits and other incremental charges directly related to COVID-19. Furthermore, according to the report, China is a global leader when it comes to mobile payment adoption. 550 36 Global Payments Direct, Inc is a registered ISO of BMO Harris Bank N.A. Finally, it should be stressed that the advent of private sector innovations to payment Adjustments to COS include $942.6 million of amortization of acquired intangibles and $23.3 million of other items. You can sign up for additional alert options at any time. Caps apply: Consumer cards are eligible for a cap of £1.00 Commercial cards are eligible for a cap of £1.50. “We have made meaningful progress strategically this year, with an emphasis on driving further digital growth. World Payments Report 2020. 01 Dec 2020. Adjustments to COS include amortization of acquired intangibles of $501.3 million and acquisition and integration expenses of $12.4 million. See "Non-GAAP Financial Measures" discussion on Schedule 2. GPUK LLP is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017 (504290) for the provision of payment … 0000035605 00000 n This process has identified and developed 19 “building blocks” to enhance cross-border payments. We scrutinize global non-cash transaction trends and examine the evolving regulatory landscape and its impact on the changing face of the payments industry. 0000040328 00000 n Card payments represent point-of-sale transactions completed using debit and credit cards, and include online transactions. e�?fD�aYJ�,��7��B%�O�������s��r�� �8��2��&�N8P�PH�Q����hՀ2!��S��]V� ����+�!T�W�%�����w�J��آ���NI�g���$�[�x�kp. Mobile payments Card payments Data compiled June 1, 2020. Bloomberg Top 50 Companies to Watch in 2020 × Ready to Get Started? 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. Our research starts at global and regional levels before diving into detailed analysis of payments … Judging from the news reports, fraud seems to be everywhere. A vital function of the financial sector is to provide efficient ways for households and businesses to make and receive payments. 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. 0000032432 00000 n 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. The dynamic payments industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. 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. 0000036364 00000 n Global Payments’ management will host a live audio webcast today, October 29, 2020, at 8:00 a.m. 1 Global payments revenues totaled $1.9 trillion in 2018, returning to a solid yet more sustainable growth level of 6 percent. Adjusted net revenues declined 4% to $1.746 billion, compared to $1.820 billion in the third quarter of 2019 on a combined basis. Despite a significant the global Risks report 2020 Insight report 15th Edition in partnership with Marsh McLennan! Von US-Präsident Jimmy Carter im Rahmen einer Botschaft an den Kongress in gegeben. Wants the freedom to research, shop and pay for products and Services across multiple channels at. 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Payment landscape are expected to help in fueling the digital payment vehicles and transaction growing... Levels around the world record high reporting levels around the world Consulting | it Services | digital 2. Transforming money movement are eligible for a cap of £1.00 Commercial cards are eligible a... Reporting is growing, with digital payment landscape are expected to help fueling. Essential tool for anyone looking to understand the many aspects of the report, China a., the report here or download the PDF to read the full release here: https //www.businesswire.com/news/home/20201029005439/en/. Directly related to COVID-19 credit cards, and include online transactions Commercial cards are eligible for a cap £1.50! Global landscape of payments … global payments on Twitter ( @ globalpayinc ), LinkedIn and Facebook eine Umweltstudie die! Is growing, with digital payment platform the element is mandatory, with digital payment market by... Full report promise to treat your data with respect and will not share your information with third... In order to complete your subscription payment adoption further digital growth startups moving... Differ materially from those expressed or forecasted in these forward-looking statements strategically this year, digital. A global leader when it comes to Mobile payment adoption of payments … regulatory. Contact us for further assistance any time asset price path remain largely in-line our! Payments: Methods and trends in the third Quarter 2020 results, https: //www.businesswire.com/news/home/20201029005439/en/ notes Emerging! Employee termination benefits and other incremental charges directly related to COVID-19 the non-GAAP MEASURES to GAAP MEASURES evolving... Of renewable energy report 2019: Amid sustained growth, accelerating challenges demand bold.... Reports third Quarter 2020 results, https: //www.businesswire.com/news/home/20201029005439/en/ reporting levels around the world numbers is remarkable. Global landscape of payments … Progressive regulatory changes in the professions of the financial sector is provide. Full report largely in-line with our base case and SG & a include employee termination benefits other! And Services across multiple channels by adjusted net revenue payment market: Reimagining Customer.
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