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Article: Global Payments Cites Strong Mix, Hints at a Deal.(Financial report)
- Article from:
- American Banker
- Article date:
- March 31, 2008
- Author:
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The Atlanta transaction processor Global Payments Inc. said that the credit industry's ongoing problems had little impact on its bottom line in its fiscal third quarter, which ended Feb. 29, and that it is gearing up for an acquisition.
Paul Garcia, the company's chairman, president, and chief executive officer, said that transaction volume growth was strong, in part because of its business mix.
"We're fortunate that we have a portfolio that's made up of a lot of nondiscretionary charges - medical, education, taxation, government services - and those benefit in this kind of an economy," Mr. Garcia said last week during a conference call to discuss the ...