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Global Payments merger with Heartland Payment Systems effective today

4/25/2016 12:00:00 AM

Lenexa, KS – Monday, April 25, 2016. TouchNet today received the much-anticipated news that the merger of Global Payments Inc. (NYSE: GPN) and Heartland Payment Systems, Inc. (NYSE: HPY) has been finalized. The combined organization will be one of the world’s leading providers of payment technology services, serving more than 2.5 million merchants globally. Based in Atlanta, Global Payments provides a broad range of products and services for enabling all types of merchant payments across a variety of distribution channels in markets around the world.

TouchNet is a wholly owned subsidiary of Heartland Payment Systems and is now part of Global Payments. “We are delighted to be part of this expanded payments organization,” remarked Dan Toughey, Senior Vice President, TouchNet. “The additional resources and expertise available to us will help TouchNet continue to be the leader in financial technology solutions for colleges and universities.”

For more information, see the Global Payments news release.