ATLANTA, May 24, 2010 /PRNewswire-FirstCall/ -- Global Payments Inc. (NYSE: GPN), a leading provider of electronic transaction processing solutions, announced today that it has been recognized as the winner of Cards International's 'Merchant Acquirer of the Year' for the 2010 awards. The awards provide recognition for the outstanding achievements and contributions made by organizations throughout the year. Cards International is a leading international payments industry publication. According to the publication, this year's awards have been among the most hotly-contested in their history, with a record number of nominations.
A statement made by the award judges provides the reason for the prestigious acknowledgement, "Global Payments completed two acquisitions in 2009 that dramatically extended the company's merchant acquiring operations in the U.S.,Canada, and Asia Pacific region into the global transaction processing marketplace. In April 2009, it completed the acquisition of ZAO United Card Service (UCS), the largest non-bank direct merchant processor in Russia. In June 2009, it acquired 100 percent ownership of its merchant services joint venture with HSBC Bank. The deal was concluded just 12 months after the initial joint venture and created the largest arrangement of its kind in Europe."
Will Cain, editor of VRL Financial News publication Cards International, and chair of the judging panel, said, "The impact of these two acquisitions and the expanded benefits and services they bring to a widening base of international merchants and card payment customers solidifies Global Payments' position as arguably the world's only truly global merchant acquirer."
Cards International is part of VRL's portfolio of information services, providing analysis, insight and intelligence on cards and payments to senior executives within the industry. Reporting on the latest industry news, debates and product innovation, along with comprehensive profiles and interviews with the key industry players, Cards International has become an established global brand for cards and payments news. www.cardsinternational.com
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
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