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Article: Global Payments Eyeing Foreign Growth.
- Article from:
- American Banker
- Article date:
- February 13, 2004
- Author:
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Global Payments Inc., one of the largest merchant processors in the United States, expects double-digit revenue growth over the next few years, mainly through foreign acquisitions, an executive said Tuesday at an investor conference.
"We concluded some time ago [that] in the U.S. market, you will never get tremendous synergy," because of market saturation and cutthroat competition, James G. Kelly, Global Payments' chief financial officer, said at the Merrill Lynch Computer Services and Software Conference in Santa Monica, Calif. "Spending money domestically is not strategic. As we look around the world, the first question is opportunity for growth."
Mr. ...