Global Payments Partnership

Global Payments and Bank of the Philippine Islands (BPI) signed agreements to form a joint venture to provide merchant acquiring and payment services 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 percent 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.

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GRT Risk Mitigation

Global Risk Technologies (GRT) dynamic risk mitigation announced its end-to-end risk management solutions to European merchants. Helping acquirers and issuers minimize chargebacks, the Global Risk Technologies solution provides highly-scalable and sustainable technology designed for outsourced post-chargeback processing, risk mitigation and merchant education. Sustainable chargeback remediation, Global Risk Technologies’ solution identifies the right target and helps decrease the negative impacts of chargebacks, thereby increasing processing retention and revenues, and helping combat cyber-shoplifting, resulting in sustainable, secure growth. The company aims to free redundant resources dominated by reactive risk management mechanisms and help revolutionize and standardize these processes by providing an end-to-end solution that manages each component in its entirety.

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