Last $87.31 USD
Change Today -0.64 / -0.73%
Volume 803.3K
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As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

global payments inc (GPN) Key Developments

Global Payments Inc. Launches EdgeShield

Global Payments Inc. announced the launch of EdgeShield, an advanced security services bundle designed to protect credit card data, prevent counterfeit fraud and enhance payment processing security. EdgeShield, through a unique collection of complementary solutions, delivers a more secure payments platform while preparing point-of-sale developers and merchants for the upcoming EMV mandates. Delivered through the OpenEdge integrated payments division of Global Payments, EdgeShield is a collection of security-related components designed to eliminate existing vulnerabilities within the payments chain. When integrated into systems that accept payments, the bundle is intended to protect credit card data while at rest and in transit. EdgeShield includes: EMV. This fraud-reduction technology seeks to protect card issuers, merchants and consumers from losses due to the use of counterfeit and stolen payment cards at the point-of-sale. EMV Smart Cards are embedded with a chip that interacts with a merchant’s point-of-sale device, helping to ensure the card is valid and belongs to the user. This chip technology is virtually impossible to duplicate. The technology also assists in insulating developers from complex device driving and card brand certifications. P2P Encryption. OpenEdge’s proprietary encryption is designed to render cardholder data virtually unreadable, encrypted at the device. Merchants are unable to view card numbers after the swipe or hand-key. Token Vault. Cardholder data is replaced by digital ‘tokens’ based on this technology. Sensitive data is stored in the more secure OpenEdge vault rather than in the merchant environment. PCI 3.0. Payment applications are rendered out-of-scope with EdgeShield, eliminating cumbersome PCI validation requirements.

Global Payments Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter Ended November 30, 2014; Revised Earnings Guidance for Fiscal 2015; Announces Dividend for the Second Quarter Ended November 30, 2014, Payable on February 27, 2015

Global Payments Inc. announced unaudited consolidated financial results for the second quarter ended November 30, 2014. Revenues grew 10% to $697.3 million, compared to $634.1 million in the second quarter of fiscal 2014. Cash diluted earnings per share grew 19% to $1.27, compared to $1.07 in the second quarter of fiscal 2014. GAAP diluted earnings per share were $1.10, compared to $1.02 in the second quarter of fiscal 2014. Operating income was $123,984,000 against $111,907,000 for the same period of last year. Income before income taxes was $114,916,000 against $109,170,000 for the same period of last year. Net income attributable to the company was $74,781,000 against $73,897,000 for the same period of last year. Capital expenditures totaled $15 million for the quarter. For the six months, revenues were $1,402,186,000 against $1,263,807,000 for the same period of last year. Operating income was $248,382,000 against $219,291,000 for the same period of last year. Income before income taxes was $229,496,000 against $212,013,000 for the same period of last year. Net income attributable to the company was $150,147,000 against $138,540,000 for the same period of last year. Earnings per diluted share were $2.20 against $1.88 for the same period of last year. Net cash provided by operating activities was $226,936,000 against $411,683,000 for the same period of last year. Capital expenditures were $33,290,000 against $41,178,000 for the same period of last year. The company is raising its annual fiscal 2015 revenue outlook to $2.75 billion to $2.80 billion, or 8% to 10% growth. In addition, Global Payments is increasing its outlook for annual fiscal 2015 diluted earnings per share on a cash basis to a range of $4.75 to $4.83, reflecting growth of 15% to 17% over fiscal 2014, and annual fiscal 2015 GAAP diluted earnings per share is expected to be in the range of $3.99 to $4.07. The company also now expects annual fiscal 2015 core cash operating margins to expand by as much as 50 basis points. The company’s Board of Directors approved a fiscal 2015 second quarter dividend of $0.02 per share payable on February 27, 2015 to shareholders of record as of February 13, 2015.

Global Payments and Bank of the Philippine Islands Form Strategic Joint Venture

Global Payments Inc. and Bank of the Philippine Islands announced an agreement to form a joint venture to provide merchant acquiring and payment services in the Philippines. Global Payments will contribute its Philippines merchant acquiring assets and cash to the joint venture to secure a majority interest in the partnership. BPI will contribute its existing merchant acquiring business to the joint venture and hold a 49% interest. The transaction is expected to close late third quarter or early fourth quarter of fiscal 2015, subject to receipt of regulatory approvals and satisfaction of customary closing conditions.

Global Payments Inc. to Report Q2, 2015 Results on Jan 08, 2015

Global Payments Inc. announced that they will report Q2, 2015 results at 8:00 AM, US Eastern Standard Time on Jan 08, 2015

Global Payments Inc., Q2 2015 Earnings Call, Jan 08, 2015

Global Payments Inc., Q2 2015 Earnings Call, Jan 08, 2015

 

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