Global Payments CEO: Worldpay deal allows us to focus on commerce solutions and payments

Summary

Cameron Bready, CEO of Global Payments, discusses the completion of the company's Worldpay acquisition and the divestiture of its Issuer Solutions business. He argues the deal creates a pure-play commerce and payments provider with greater focus, scale, and geographic/vertical diversification, plus pro forma EBITDA margins above 40%. Bready says the combined business is better positioned to invest and compete amid rising competitive intensity.

• Global Payments officially closed its Worldpay acquisition.
• The deal completes a strategic reset into a pure-play commerce and payments provider.
• CEO Cameron Bready says divesting Issuer Solutions is offset by Worldpay's scale and diversification.
• Management cites pro forma EBITDA margins above 40% for the combined business.
• Bready highlights scale across 175 geographies and diversified vertical markets.
• The interview addresses investor concern about the high-margin Issuer Solutions divestiture.
• Bready argues greater focus and scale will drive better investment returns and competitiveness.