Global Payments
25 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.
Customers
Enterprise merchants
earns fromnamed as a riskIf our enterprise customers shift significant transaction volume to other providers, it will adversely affect our business, financial condition, results of operations and cash flows.Risk factors (Item 1A)
Suppliers
Clearing financial institutions
depends onnamed as a riskWe rely on various financial institutions to provide clearing services in connection with our settlement activities.Risk factors (Item 1A)
China, Greece and Spain member sponsors
depends onnamed as a riskIn certain markets, including, without limitation, China, Greece and Spain, our member sponsors perform payment processing operations and related support services pursuant to services agreements.Risk factors (Item 1A)
Partners and platforms
Acrisure, LLC
approximately $1.1 billionIn connection with the transaction, we entered into a mutual referral agreement and long-term commercial partnership with Acrisure.Business (Item 1)
Mastercard
depends onnamed as a riskIn order to provide our Visa and Mastercard transaction processing services, we must be either a direct member or registered as a merchant processor of Visa and Mastercard, respectively.Risk factors (Item 1A)
Also named by AXP, CASH, COF, CPAY, DDS, EEFT, FIS, FISV and 7 more
Visa
depends onnamed as a riskOur revenues from the provision of services to merchants that accept Visa and Mastercard, or any other network, are dependent upon our continued Visa and Mastercard registrations, financial institution sponsorship and, in some cases, continued membership in certain card networks.Risk factors (Item 1A)
Also named by AFRM, AXP, CASH, COF, EEFT, FIS, FISV, JKHY and 6 more
Sponsor financial institutions
depends onnamed as a riskIf a sponsor financial institution in any of the markets in which we currently, or in the future may, operate should stop providing sponsorship for us, we would need to find another financial institution to provide those services or we would need to attain direct membership with the card networks, either of which could prove to be difficult and expensive.Risk factors (Item 1A)
Interac
subject toIn addition, we are subject to rules promulgated by the various payment networks, including Nacha, American Express, Discover, Interac, Mastercard and Visa.Business (Item 1)
Other companies
Worldpay Holdco, LLC
approximately $6.2 billion in cash and (2) 43.3 million sharesnamed as a riskWe may be unable to integrate the business of Worldpay successfully or realize the anticipated benefits of the Worldpay Acquisition, which could adversely affect our business, financial condition, results of operations and cash flows.Risk factors (Item 1A)
Also named by FIS
Fidelity National Information Services, Inc. (FIS)
approximately $7.7 billion in cashWe are providing certain transition services to support the Issuer Solutions business as it is integrated with FIS and are also receiving certain transition services from FIS in support of our integration of Worldpay.Business (Item 1)
Competitors
Fiserv, Inc.
competes withIn the United States, we compete with a large number of providers, including but not limited to Fiserv, Inc. ("Fiserv"), Chase Paymentech Solutions, LLC, Elavon, Inc., a subsidiary of U.S. Bancorp, Bank of America Merchant Services, Wells Fargo Merchant Services, Toast, Inc., Stripe, Inc. ("Stripe"), Shopify Inc. and Block Inc. ("Block").Business (Item 1)
Also named by JKHY
Adyen
competes withWe compete outside the U.S. with financial institutions in the markets in which we operate, as well as providers such as Worldline, Nexi, Adyen, Block and Stripe.Business (Item 1)
Commodities and inputs
Euro
exposed to its price · €800 millionWe have designated our aggregate €800 million Euro-denominated senior notes due March 2031 as a hedge of our net investment in our Euro-denominated operations.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Card network fees
exposed to its pricenamed as a riskFrom time to time, the card networks, including Visa and Mastercard, increase the fees that they charge processors.Risk factors (Item 1A)
Regulators
Consumer Financial Protection Bureau (CFPB)
subject tonamed as a riskThe CFPB has significant authority to regulate consumer financial products or services in the U.S., including consumer payments, and similar products or services.Business (Item 1)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
Federal Trade Commission (FTC)
subject tonamed as a riskThe FTC could bring an action against our business, which could result in monetary sanctions, mandates to terminate certain services, enhanced monitoring and compliance requirements, and reputational damage.Business (Item 1)
Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more
Federal Reserve
subject tonamed as a riskPursuant to regulations promulgated by the Federal Reserve Board, debit interchange rates for card issuers with assets of $10 billion or more are capped at $0.21 per transaction and an ad valorem component of 5 basis points to reflect a portion of the issuer's fraud losses plus, for qualifying issuers, an additional $0.01 per transaction in debit interchange for fraud prevention costs.Business (Item 1)
Also named by AGNC, AUB, AXP, BAC, CASH, COF, DX, EFSC and 24 more
Financial Stability Oversight Council
subject tonamed as a riskAny such designation would result in increased regulatory burdens on our business, which increases our risk profile and may have an adverse effect on our business, financial condition, results of operations and cash flows.Risk factors (Item 1A)
Office of Foreign Assets Control (OFAC)
subject toIn addition, we and our sponsor financial institutions are subject to the laws and regulations, enforced by the Office of Foreign Assets Control, that prohibit U.S. persons from engaging in transactions with certain prohibited persons or entities.Business (Item 1)
Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more
Federal Financial Institutions Examination Council (FFIEC)
subject toThe FFIEC examines large data processors in order to identify and mitigate risks associated with systemically significant service providers, including specifically the risks they may pose to the banking industry.Business (Item 1)
Laws and programs
EU General Data Protection Regulation (GDPR)
subject tonamed as a riskNoncompliance with the EU General Data Protection Regulation (“GDPR”), the Gramm-Leach-Bliley Act ("GLBA"), the California Consumer Privacy Act, the California Privacy Rights Act and other state and international privacy laws or similar regulations could lead to substantial regulatory fines and penalties, or in some cases, damages resulting from private causes of action.Business (Item 1)
Also named by ACN, ADSK, AIG, ALK, AMG, ANET, APG, AXON and 61 more
Payment Card Industry Data Security Standard (PCI DSS)
subject tonamed as a riskRemoval from the networks' lists of Payment Card Industry Data Security Standard ("PCI DSS") compliant service providers could mean that existing customers, sales partners or other third parties could cease using or referring others to our services.Risk factors (Item 1A)
Also named by ABNB, AZO, BJ, BKNG, CASH, CASY, COST, DOV and 20 more
Bank Secrecy Act
subject toIn many countries, we are legally or contractually required to comply with anti-money laundering laws and regulations, such as, in the United States, the Bank Secrecy Act, as amended by the USA PATRIOT Act, and similar laws of other countries, which require that customer identifying information be obtained and verified.Business (Item 1)
Also named by AUB, BAC, CASH, CPAY, CUBI, EFSC, EWBC, EZPW and 10 more
Digital Operational Resilience Act (DORA)
subject toThe revised Payment Services Directive and the requirements under the Digital Operational Resilience Act ("DORA") and reporting obligations in respect of the Central Electronic System of Payment Information came into effect in January 2025 and introduced a broad set of requirements applicable to financial institutions, including our European PIs, concerning the security of network and information systems supporting their business processes, in particular in relation to the management of information communication and technology ("ICT") risks.Business (Item 1)
Payment institution licenses (Poland, Greece, Germany, Spain, Malta, Czech Republic, United Kingdom)
subject toCompany subsidiaries hold PI licenses in Poland, Greece, Germany, Spain, Malta and the Czech Republic, as well as similar licenses in the United Kingdom.Business (Item 1)