6 takeaways from the Global Payments-TSYS merger
Global Payments' purchase of TSYS is the latest merger of large payment technology companies — and by no means the last.
Payment processing as a standalone industry is already gone, as the FIS-Worldpay and Fiserv-First Data deals attest. While these companies are quick to tout massive scale, they still have holes that keep them from serving their markets.
And they remain threatened by outside innovators.
So what makes the $21.5 billion merger of Global Payments and TSYS tick, and what questions does it raise? Here are six takeaways from the deal.