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August 15, 2002
ATLANTA, August 15, 2002 – Global Payments Inc. (NYSE:GPN) a leading provider of electronic processing services, announced today an agreement to provide transaction authorization and settlement processing services, merchant accounting, and risk management services to HealthCard Systems, LLC.
HealthCard Systems focuses on the transaction processing needs of the healthcare industry by offering a proprietary system that meets the unique needs of the healthcare sector to produce a value added and unified management tool. HealthCard’s proprietary processing system is compatible with most healthcare-specific software programs and supports a wide variety of point-of-sale devices.
“As an ISO customer and Global Payments partner, our company has the potential to become the preferred credit card processor for the healthcare industry,” said David Schwartz, CEO of HealthCard Systems, LLC.
“We are excited about this partnership opportunity with HealthCard, and specifically, industry veterans David Schwartz and Dick Spigai,” said Vaden C. Landers, president, ISO line of business, Global Payments Inc. “The experience, know-how and business expertise shared by Global Payments and HealthCard will make it possible to structure a bankcard acceptance program that meets the unique needs of the healthcare sector,” he said.
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, the United Kingdom and Europe. Global Payments offers a comprehensive line of payment solutions, including credit and debit cards, business-to-business purchasing cards, Electronic Benefits Transfer (EBT) cards, check guarantee, check verification and recovery, terminal management and funds transfer services.
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This announcement may contain forward-looking statements pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recent Form 10-K. Notes that reconcile the presentation of the normalized results included herein to GAAP results are filed with the SEC in the Company's most recent Form 10-K. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
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