The massive transaction processor Worldpay is coming to Global Payments Inc., and Global’s top management couldn’t be happier about it as analysts continue to study the $22.7 billion transaction announced last month. “We are so incredibly excited about the Worldpay acquisition,” said Global’s chief executive, Cameron Bready, in an early-morning call Tuesday with equity analysts. “Worldpay couldn’t be a better complement to our merchant business.”
The seller, FIS Inc., professes to be equally happy about the multi-dimensional deal, which also involves FIS’s agreement to pay $13.5 billion to acquire Global’s issuing business, formerly known as TSYS. The sale of its 45% Worldpay stake, combined with its agreement to buy TSYS, focuses FIS on card issuing rather than acquiring, said FIS chief executive Stephanie Ferris in an earnings call also held Tuesday morning. “It will strengthen our proposition to clients,” she noted.