Latest news with #GlobalPayments'
Business Wire
4 days ago
- Business
- Business Wire
Global Payments Launches New Genius™ for Retail Solution
ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today the release of its Genius for Retail solution designed specifically for shops. This powerful new POS offering is ideally suited for a broad range of small and medium-sized retail businesses, including sporting goods, gift, boutique, beauty supplies, coffee shops, cafes, novelty and other stores. This powerful new POS offering is ideally suited for a broad range of small and medium-sized retail businesses. Share The solution, which will initially be available to U.S. merchants, works easily right out of the box and is backed by Global Payments' world class service, including unmatched support teams and a network of dealers that are there to ensure speedy setup and outstanding performance. Features include all the built-in tools small and medium-sized retailers need to optimize their operations and deliver a seamless customer experience. Select highlights include: Advanced payment capabilities that help retailers accept cards, mobile wallets, gift cards and more – both in-store and on the go. From contactless checkout to tax and discounts, features are built in with no third party add-ons. Business management options that make it easy to manage inventory, digital invoicing, pay by link, employee schedules, customer insights, staff permissions and sales trends in one place, powering efficiency and informing smarter decisions. Customer engagement features that drive repeat business are embedded in the solution, including promotions and customer profile management tools that allow retailers to keep their customers coming back. No extra integrations are needed. Order ahead capabilities that input inventory into an order-ahead web application, allowing customers the convenience to browse, order and pay before they pick up in-store or curbside. 'The launch of Genius for Retail marks another important milestone as we focus our investments on delivering a single, feature rich and comprehensive POS platform to merchants globally,' said Bob Cortopassi, Global Payments' president and chief operating officer. 'We are playing to our strengths by releasing a powerful new solution built for small and medium-sized shops. We have a deep understanding of what these types of merchants need to run and grow their businesses, and we are excited to bring these capabilities to the market.' Additional retail configurations will be introduced in the third and fourth quarters, including one tailored for businesses where age verification is required, and another for service businesses such as beauty salons, wellness clinics, spas, daycares and more. 'The right POS solution can make all the difference for small and medium-sized businesses, giving them an edge as they work to keep up with competitors,' said Terry Roberts, president of Merchant Solutions at Global Payments. 'This new POS offering for shops is an innovative command center with market-leading capabilities that do much more than just help manage a business. They optimize performance, helping to increase average ticket amounts, deliver real-time data to inform business decisions, manage staff more efficiently and much more. We are proud to deliver game-changing solutions that help retailers thrive.' Genius for Retail follows the launch of Genius for Restaurants in May, which was the first of three Genius products designed to meet the unique needs of key verticals. Genius for Enterprise, tailored to multi-location quick service restaurants, stadiums, venues and cafeterias, will be released in the third quarter. The Genius for Retail solution will launch in additional geographies throughout 2025. For more information about Genius, visit and view this video. About Global Payments Global Payments Inc. (NYSE: GPN) helps businesses around the world enable commerce and provide exceptional experiences to their customers. Our payment technology and software solutions enable merchants, issuers and developers to deliver seamless customer experiences, run smarter operations and adapt quickly to change. Because if it has anything to do with commerce, we are already on it. With 27,000 team members across 38 countries, we have the scale and expertise to help businesses grow with confidence. Headquartered in Georgia, Global Payments is a Fortune 500® company and a member of the S&P 500.
Associated Press
28-05-2025
- Business
- Associated Press
Acrisure Acquires Payroll Business from Global Payments for $1.1 Billion to Expand its Fintech Product Offering
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--May 28, 2025-- Acrisure today announced the signing of a definitive agreement to acquire Global Payments' (NYSE: GPN) payroll business, Heartland Payroll Solutions ('Heartland Payroll'), one of the leading payroll and Human Capital Management (HCM) companies in the United States for $1.1 billion. Upon completion of the transaction, Heartland Payroll – which will be rebranded after closing – will significantly expand Acrisure's current payroll and HCM capabilities and advance its mission to become the preeminent fintech solutions provider for millions of small and medium-sized businesses domestically and abroad. 'This significant acquisition accelerates our successful transformation into a fully scaled and diversified fintech platform,' said Greg Williams, Co-Founder, Chairman and CEO of Acrisure. 'We prioritize the needs of our clients and increasingly, that's a tech-oriented solution that streamlines their back-office operations in important verticals like payroll, compliance and billing,' Williams added. 'We're incredibly excited about partnering with the Heartland Payroll team and look forward to growing this business together.' Heartland Payroll currently provides payroll solutions, HCM software, and other business services to more than 50,000 clients. Vince Lombardo will join Acrisure as part of the transaction and serve as the CEO of Heartland Payroll, leading its existing best-in-class management team. 'Acrisure's strategic acquisition of Heartland Payroll marks an exciting milestone for our team and will provide our business with sharper focus, accelerated growth and greater investment,' said Lombardo. 'I'm honored to join Acrisure and work alongside Greg and the incredible team he's built as we continue to build the most comprehensive provider of financial service products for businesses around the world.' Lombardo brings over 20 years of leadership experience in payroll and financial services, most recently as the President of North America Merchant Solutions at Global Payments. Acrisure's full suite of offerings, include insurance, reinsurance, real estate services, cybersecurity defense tools, payroll, and other essential services to small and medium-sized businesses. Acrisure recently announced that it raised $2.1 billion in a funding round led by Bain Capital which saw the company valuation rise to $32 billion, a nearly 40% increase from its previous funding round only three years ago. The purchase of Global Payments' payroll business is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions. Skadden, Arps, Slate, Meagher & Flom LLP and Kirkland & Ellis LLP served as legal counsel, and Schulte Roth & Zabel LLP served as regulatory counsel, each on behalf of Acrisure. Goldfinch Partners served as an advisor to Acrisure on the transaction. About Acrisure A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, it connects clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, real estate services – and beyond. In the last eleven years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in 23 countries. And this is just the beginning. To learn more, visit View source version on CONTACT: Media Contact: Kate Dillon 646-818-9115 [email protected] KEYWORD: MICHIGAN UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY INSURANCE SOFTWARE FINANCE FINTECH BANKING SOURCE: Acrisure Copyright Business Wire 2025. PUB: 05/28/2025 07:11 AM/DISC: 05/28/2025 07:10 AM
Yahoo
28-05-2025
- Business
- Yahoo
Acrisure Acquires Payroll Business from Global Payments for $1.1 Billion to Expand its Fintech Product Offering
Addition of new payroll, HR and billing technology further enhances Acrisure's position as a global fintech leader GRAND RAPIDS, Mich., May 28, 2025--(BUSINESS WIRE)--Acrisure today announced the signing of a definitive agreement to acquire Global Payments' (NYSE: GPN) payroll business, Heartland Payroll Solutions ("Heartland Payroll"), one of the leading payroll and Human Capital Management (HCM) companies in the United States for $1.1 billion. Upon completion of the transaction, Heartland Payroll – which will be rebranded after closing – will significantly expand Acrisure's current payroll and HCM capabilities and advance its mission to become the preeminent fintech solutions provider for millions of small and medium-sized businesses domestically and abroad. "This significant acquisition accelerates our successful transformation into a fully scaled and diversified fintech platform," said Greg Williams, Co-Founder, Chairman and CEO of Acrisure. "We prioritize the needs of our clients and increasingly, that's a tech-oriented solution that streamlines their back-office operations in important verticals like payroll, compliance and billing," Williams added. "We're incredibly excited about partnering with the Heartland Payroll team and look forward to growing this business together." Heartland Payroll currently provides payroll solutions, HCM software, and other business services to more than 50,000 clients. Vince Lombardo will join Acrisure as part of the transaction and serve as the CEO of Heartland Payroll, leading its existing best-in-class management team. "Acrisure's strategic acquisition of Heartland Payroll marks an exciting milestone for our team and will provide our business with sharper focus, accelerated growth and greater investment," said Lombardo. "I'm honored to join Acrisure and work alongside Greg and the incredible team he's built as we continue to build the most comprehensive provider of financial service products for businesses around the world." Lombardo brings over 20 years of leadership experience in payroll and financial services, most recently as the President of North America Merchant Solutions at Global Payments. Acrisure's full suite of offerings, include insurance, reinsurance, real estate services, cybersecurity defense tools, payroll, and other essential services to small and medium-sized businesses. Acrisure recently announced that it raised $2.1 billion in a funding round led by Bain Capital which saw the company valuation rise to $32 billion, a nearly 40% increase from its previous funding round only three years ago. The purchase of Global Payments' payroll business is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions. Skadden, Arps, Slate, Meagher & Flom LLP and Kirkland & Ellis LLP served as legal counsel, and Schulte Roth & Zabel LLP served as regulatory counsel, each on behalf of Acrisure. Goldfinch Partners served as an advisor to Acrisure on the transaction. About Acrisure A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, it connects clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, real estate services – and beyond. In the last eleven years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in 23 countries. And this is just the beginning. To learn more, visit View source version on Contacts Media Contact: Kate Dillon646-818-9115kdillon@ Sign in to access your portfolio
Business Wire
28-05-2025
- Business
- Business Wire
Acrisure Acquires Payroll Business from Global Payments for $1.1 Billion to Expand its Fintech Product Offering
BUSINESS WIRE)-- Acrisure today announced the signing of a definitive agreement to acquire Global Payments' (NYSE: GPN) payroll business, Heartland Payroll Solutions ('Heartland Payroll'), one of the leading payroll and Human Capital Management (HCM) companies in the United States for $1.1 billion. Upon completion of the transaction, Heartland Payroll – which will be rebranded after closing – will significantly expand Acrisure's current payroll and HCM capabilities and advance its mission to become the preeminent fintech solutions provider for millions of small and medium-sized businesses domestically and abroad. 'This significant acquisition accelerates our successful transformation into a fully scaled and diversified fintech platform,' said Greg Williams, Co-Founder, Chairman and CEO of Acrisure. 'We prioritize the needs of our clients and increasingly, that's a tech-oriented solution that streamlines their back-office operations in important verticals like payroll, compliance and billing,' Williams added. 'We're incredibly excited about partnering with the Heartland Payroll team and look forward to growing this business together.' Heartland Payroll currently provides payroll solutions, HCM software, and other business services to more than 50,000 clients. Vince Lombardo will join Acrisure as part of the transaction and serve as the CEO of Heartland Payroll, leading its existing best-in-class management team. 'Acrisure's strategic acquisition of Heartland Payroll marks an exciting milestone for our team and will provide our business with sharper focus, accelerated growth and greater investment,' said Lombardo. 'I'm honored to join Acrisure and work alongside Greg and the incredible team he's built as we continue to build the most comprehensive provider of financial service products for businesses around the world.' Lombardo brings over 20 years of leadership experience in payroll and financial services, most recently as the President of North America Merchant Solutions at Global Payments. Acrisure's full suite of offerings, include insurance, reinsurance, real estate services, cybersecurity defense tools, payroll, and other essential services to small and medium-sized businesses. Acrisure recently announced that it raised $2.1 billion in a funding round led by Bain Capital which saw the company valuation rise to $32 billion, a nearly 40% increase from its previous funding round only three years ago. The purchase of Global Payments' payroll business is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions. Skadden, Arps, Slate, Meagher & Flom LLP and Kirkland & Ellis LLP served as legal counsel, and Schulte Roth & Zabel LLP served as regulatory counsel, each on behalf of Acrisure. Goldfinch Partners served as an advisor to Acrisure on the transaction. About Acrisure A global fintech leader, Acrisure empowers millions of ambitious businesses and individuals with the right solutions to grow boldly forward. Bringing cutting-edge technology and top-tier human support together, it connects clients with customized solutions across a range of insurance, reinsurance, payroll, benefits, cybersecurity, real estate services – and beyond. In the last eleven years, Acrisure has grown in revenue from $38 million to almost $5 billion and employs over 19,000 colleagues in 23 countries. And this is just the beginning. To learn more, visit
Yahoo
16-05-2025
- Business
- Yahoo
Global Payments (NYSE:GPN) Unveils Genius: A Unified POS Platform for Global Expansion
Global Payments recently announced the launch of its innovative Genius POS platform, which aims to enhance and unify business operations across various verticals. Over the past week, the company's stock price moved up by 4%, in alignment with the overall market trend as the S&P 500 also rose by 4%. The global expansion features and vertical specialization of Genius could have contributed positively to investor sentiment. Meanwhile, global stock markets were buoyed by improved relations between the U.S. and China, which reduced tariffs and potentially supported Global Payments' positioning in international markets. You should learn about the 1 risk we've spotted with Global Payments. Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. The recent launch of Global Payments' Genius POS platform potentially enhances its standing in the payment solutions sector, with the platform's global expansion features contributing positively to its corporate narrative. However, over the past year, the company's total shareholder return, including share price and dividends, decreased by 23.31%. This decline contrasts with the share price movement over the past week, which showed a 4% rise, highlighting the volatility period shareholders have faced. Compared to the US market's 11.2% return over the last year, Global Payments has underperformed, reflecting challenges within the diversified financial sector. The newly launched platform could potentially drive improved future revenue and earnings forecasts, critical for counterbalancing these recent returns. Specifically, the integration of tailored business solutions and the expanded reach of the company may contribute positively towards the anticipated $10.7 billion revenue and $1.8 billion earnings estimates by May 2028. Regarding share price movements, the current figure of US$79.28 sits below analysts' consensus price target of approximately US$101.53, suggesting room for growth if projected improvements in operations and earnings materialize. Despite a potentially positive outlook, shareholders need to consider the integration and competitive risks highlighted in the company's strategic plans. Our valuation report here indicates Global Payments may be undervalued. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:GPN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data
