Global Payments Announces New Payment Processing Agreement With ACH Direct, Inc.
ATLANTA, April 11, 2006 - Global Payments Inc. (NYSE: GPN), a leader in payment processing services, announced today an agreement with ACH Direct, Inc. to provide front-end credit card authorization services and back-end settlement for MasterCard and Visa transactions.
ACH Direct, an independent sales organization (ISO) that offers payment processing and merchant services, selected Global Payments based on the company’s single source solution that provides the flexibility and autonomy necessary for ACH Direct to sell and service their merchant relationships with a high degree of control.
“We are pleased to formalize our relationship with Global Payments,” said ACH Direct President and CEO Jeff Thorness. "This opportunity enables ACH Direct to offer a complete spectrum of payment services by adding services that complement our traditional area of strength, ACH payment processing. In becoming a Global Payments ISO, ACH Direct is well-positioned for unparalleled growth."
"We have previously worked with Global Payments to serve a number of customers, including prominent clients in the government sector. Their responsive service and dedication to excellence are the foundation for our confidence in this successful partnership," Thorness added.
“Global Payments is pleased to welcome ACH Direct into our growing family of independent sales organizations. We look forward to a long-term, rewarding relationship through providing the best quality processing and value added services for ACH Direct and their valued customers,” said Paul R. Garcia, chairman, president and CEO of Global Payments.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, multi-national corporations and gaming establishments located throughout the United States, Canada, Latin America and Europe. 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, check verification and recovery, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit www.globalpaymentsinc.com.
About ACH Direct
ACH Direct is one of the fastest-growing privately held electronic funds transfer processors in the United States, with $6 billion in transactions processed in 2006. ACH Direct's customers benefit from a comprehensive suite of payments products and services, including ACH origination, check verification, identity verification, credit card and debit card processing. Dedicated to providing superior customer service and industry-leading technology, ACH Direct provides tools to help organizations of all sizes reduce transaction costs, mitigate risk and increase efficiencies. Visit www.achdirect.com.