Total Merchant Services Extends Agreement With Global Payments(TM) For Comprehensive Merchant Processing Services
Atlanta, Friday, April 04, 2003 � Global Payments Inc., (GPN) , a leading provider of electronic payment card and check processing solutions, announced today that Total Merchant Services, Inc., one of the nation's fastest growing, privately held Independent Sales Organizations (ISO), has signed a multi-year agreement for payment processing services including front and back end processing, settlement and technical support.
President and CEO of Total Merchant Services, Edward K. Freedman said, "Our relationship with Global Payments has given us the ability to expand our bankcard business tremendously over the past two and a half years; and we extended our agreement because Global also has helped us cost-effectively manage our portfolio, offer competitive pricing and provided high-quality customer support to our merchants."
"Total Merchant Services is one of Global's largest ISO customers, and their decision to rely on Global for an important part of their merchant business is a testament to our ability to deliver programs that satisfy our ISO's needs for strength and reliability, control of their programs and innovative new products. Because of our commitment to them, and the merchant- acquiring industry, we anticipate a long and successful alliance," said Chairman, President and CEO of Global Payments Inc., Paul R. Garcia.
Total Merchant Services is a seven year-old, Colorado based ISO that offers innovative and cost-effective solutions to merchants who accept credit cards for the payment of their goods and services, and recently hit a billion dollar processing milestone. Total Merchant Services customers include retail outlets, virtual storefronts, wireless terminal users and mail order/telephone/Internet-based merchants. For additional information about the company and its services, visit www.totalmerchantservices.com.
Global Payments Inc. (GPN) is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada and Europe. Global Payments offers a comprehensive line of payment solutions, including credit and debit cards, business-to-business purchasing cards, gift cards, check guarantee, check verification and recovery, terminal management and funds transfer services. For additional information about the company and its services, visit www.globalpaymentsinc.com.
This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recent Form 10-K. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
SOURCE: 04/04/2003, Global Payments Inc.