Operating for more than 50 years and headquartered in Atlanta, Georgia, Global Payments Direct Inc. is one of the largest credit card processors in the payment processing industry. It started in 1967 as National Data Corporation, and it is a registered independent sales organization of Wells Fargo Bank in Concord, CA, and BMO Harris Bank. Also, Global Payments is the preferred supplier for credit card processing in the UK for HSBC, the seven largest bank in the world. HSBC and Global Payments have a referral agreement. Global Payments in the UK acquired HSBC Merchant Services in 2009. Global Payments expanded its reach in 2016 by acquiring the large U.S.-based credit card processor, Heartland Payment Systems.
Global Payments Inc. is a worldwide provider of payment technology and software solutions to customers globally. With more than 10,000 employees worldwide, Global Payments is a director processor specializing in processing for merchants of all sizes in every sector. Processing is available in 140 currencies and settlement is available in 15 currencies. It has customers and partners in 30 countries throughout North America, Europe, the Asia-Pacific region and Brazil.
Though Global Payments has seen its fair share of success, it was previously embroiled in a phony debt scheme. The Consumer Fraud Protection Bureau (CFPB) filed a complaint in 2015 against Global Payments and other payment processors, claiming they tried to collect nonexistent debt from customers. According to the filing, Global Payments ignored signs that the debt collectors were operating illegally. In 2017, the case was dismissed after the CFPB was sanctioned for misconduct.