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The stocks of a wide swath of publicly traded payments companies are rising faster than the overall S&P 500 index, potentially fueled by several mega mergers in the first half of 2019.
TSYS and Global Payments have announced a $21.5 billion merger, the third M&A deal in the financial/fintech industry of more than $20 billion this year.
Global Payments hasn't hesitated to shell out huge dollars if it provides a quick-strike opportunity to pair technology with multichannel payments in markets where such marriages remain rare.