Summary
Global Payments is a global merchant acquiring and payment processing company that connects merchants directly to all major and local card schemes and alternative payment methods through its end-to-end solutions. The company enables merchants to accept payments through both online and offline channels. Global Payments offers payment services to 3.5 million merchant locations globally, enabling them to accept payments via 140 payment methods (including digital wallets, card payments, and local and alternative payment methods).
In addition to e-commerce payment acceptance for individual merchants, Global Payments offers the likes of one-click checkout and recurring billing services. The company supports domestic and cross-border transactions, enabling merchants to reach, convert, and retain more customers. For offline payments, Global Payments offers an array of traditional point-of-sale (POS) and mobile point-of-sale (mPOS) terminals to merchants in collaboration with Verifone and Ingenico. Heartland Payment Systems, a Global Payments company, offers payment acceptance through card readers and kiosks.
In May 2019, Global Payments announced its merger with card processor Total System Services (TSYS) for $21.5bn, the third high-value deal of the year in the payments processing space. The deal was completed in September 2019, following Fiserv’s acquisition of First Data and Fidelity National Services’ acquisition of Worldpay in July 2019.
The report provides information and insights into Global Payments including -
- - Detailed insight into its business
- - Comprehensive coverage of its products and services
- - Comparative assessment with key alternative payment solutions
- - Information on its performance, including its revenue model
- - The company's important events and milestones
Scope
- - In 1964, NDC was established in Atlanta, US.
- - In 1996, NDC partnered with Mastercard to launch Global Payment Systems.
- - In April 2019, Global Payments partnered with Mastercard to enable its merchants in the UK to accept payments via Mastercard’s ‘Pay by Bank app’ service, which lets customers make payments directly from their bank accounts.
- - In October 2019, Citi Group entered into partnership with Global Payments to enhance its digital commerce gateway.
Reasons to Buy
- - Gain insights into Global Payments' business operations and key events.
- - Gain insights into its product portfolio and revenue model.
- - Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Table of content
Table of Contents
Overview
Benchmarking
Competitor Analysis of Regional and Global Acquirers
Performance Highlights
Revenue Model
How It Works
Products & Services
Key Mergers and Acquisitions
Significant Events
Supporting Merchants
Appendix
CONTACT US:
North Main Road Koregaon Park, Pune, India - 411001.
International: +1(646)-781-7170
Asia: +91 9169162030
Email: [email protected]
Abrigo, a leading provider of compliance, credit risk, lending, and asset/liability management solutions, today announced upgrades to BAM+, its financial crimes detection software, including the addition of five transparent artificial intelligence/machine learning (AI/ML) anti-money laundering (AML) scenarios and the ability to direct file Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) batches to FinCEN.Abrigo developed each enhancement to enable users to work more efficiently while handling fewer false positives so they can focus on truly suspicious activity.
With the new upgrade, users will have access to:Direct file SAR and CTR batches to FinCENFive new AI/ML scenariosTwo new structuring scenariosImproved WatchList and 314(a) scans to increase efficiency and customizationUpgraded navigation in the product with a modern user interfaceCustomer Profile Report integrated into BAM+On a recent customer webinar, over 80% of attendees identified direct file with FinCEN, machine learning scenarios, and new structuring scenarios as the upgrades they were most excited about.By enabling direct file of both CTRs and SARs to FinCEN, users can batch upload these critical reports and receive FinCEN acknowledgment of the upload directly within the platform.
This process saves time and ensures that nothing falls through the cracks while alerting to potentially suspicious activity.The new AI/ML scenarios determine typical patterns in behavior and alert when a transaction is different from that normal account behavior.
All five scenarios are based on the same anomaly detection algorithm designed in-house by Abrigo’s product team using the Microsoft ml.net framework.
The models are powered by transparent machine learning models that easily allow the end-user to explain to regulators how they work, a key component to any AML technology.The five scenarios monitor against credit transactions, “other” credit or debit transactions, remote deposit capture, and daily ACH debit.
Similar to other scenarios within BAM+, users can institute specific amount thresholds with each scenario and apply them to user-defined groups.“Abrigo is thrilled to release our ML-based scenarios to our valued customers and partners,” said Dave McCann, Abrigo’s Chief Technology Officer.
