Tag Archives: dvantage

Global Payments 2Q/08 Revenues Rise 23%

Global Payments reported that second quarter revenues grew 23% to
$343.8 million. GPN says that based on current performance, annual
revenue is predicted to rise $1.675 million this fiscal year. During the
second quarter Online Resources established a multi-year agreement with
GPN subsidiary DolEx to provide bill payment services. Also, GPN and
U.K.-based HSBC Bank created a joint venture to provide payment
processing services to merchants globally under the name HSBC Merchant
Services. During the quarter GPN signed agreements with nine casinos in
the U.S. and Canada to offer “PlayerCash @dvantage” credit and debit
card cash advance services, “VIP Preferred” check-cashing services, and
“ATM Cash @dvantage.” Additionally, GPN secured a five-year, $200
million term loan credit agreement with a syndicate of financial
institutions. Also, during the second quarter, NJ-based United Merchant
Services renewed its payment processing agreements with GPN. For more
details on Global Payments’ second quarter results visit CardData
([www.carddata.com](http://www.carddata.com)). (CF Library 6/18/08; 6/17/08; 6/26/08; 6/25/08;
6/16/08)

GLOBAL PAYMENTS REVENUES
2Q/07: $280.1mm
3Q/07: $311.0mm
4Q/07: $308.8mm
1Q/08: $310.6mm
2Q/08: $343.8mm
Source: CardData (www.carddata.com)