Global Payments CEO: Emphasis on Value Added Solutions for Customers

Global Payments CEO and Director Jeffrey S. Sloan was very excited about his company’s first-quarter performance in fiscal 2015 during a conference call on Thursday.

Staying on the cutting edge of technology, product innovation, and value-added solutions has served Global Payments’ merchant and customer base extremely well.

“Importantly, we have also made tremendous progress transforming Global Payments into a unified worldwide operating company with an emphasis on direct sales and product innovation while continuing to enhance our core technology platform,” Sloan said during the conference call, according to a Seeking Alpha transcript. “Recognizing that today’s merchant is increasingly connected, in an omnichannel environment, we are dedicated to providing our merchants an edge in terms of technology, and value added payment solutions.”

First-quarter sales rose 12%, to $705 million.

“Our North American business contributed better than expected results for the quarter, both in the United States and Canada,” Sloan explained. “U.S. results were driven by consistent execution across our direct channels, including the addition of PayPros. Our international business performance reflects solid results across most of our markets, with particularly strong revenue growth in Spain and our ecommerce channel.”

Sloan said the company’s efforts to combine APT and PayPros into a single integrated solutions business, which was rebranded as OpenEdge, are further evidence of a commitment to technology.

“OpenEdge helps software developers and merchants by delivering secure and personalized payment solutions,” Sloan explained. “Aligned with our overall strategy, OpenEdge is driving payments innovation, adapting, scaling, and simplifying how payments are processed across platforms and point of interaction in an increasingly complex landscape.”

Global Payments will look to expand internationally, evidenced by its acquisition of Ezidebit, a leading integrated payments company focused on recurring payments verticals in Australia and New Zealand.

What’s more, Global Payments agreed to acquire Fidelity National Information Services Gaming business, which is expected to expand its suite of innovative products and services.

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