OpenEdge
| Company type | Division |
|---|---|
| Industry | Financial technology |
| Predecessor | OpenEdge Payments, LLC |
| Headquarters | Lindon, Utah , United States |
Area served | United States |
| Parent | Global Payments |
Global Payments Integrated (previously known as OpenEdge Payments, LLC) is a U.S.-based fintech firm that focuses on integrating payment processing solutions.[1] Its headquarters are located in Lindon, Utah, and it functions as a division of Global Payments, a company included in the S&P 500 index.
Business
As a merchant acquirer, Global Payments Integrated provides merchants with the ability to process payments via credit cards, debit cards, and various other methods. The company generates income primarily through transaction fees, which generally range from 1% to 2% on credit card transactions. Its services reach clients both directly and through partnerships with financial institutions. Moreover, the company creates software tools designed to improve the integration capabilities of its customers' payment systems.[1]
The parent organization is recognized on the Fortune 1000 list.[2]
History
In October 2012, Global Payments acquired Accelerated Payment Technologies for $413 million.
In January 2015, Global Payments expanded by acquiring Payment Processing (PayPros), a California-based company, for $420 million. These entities were merged under the OpenEdge brand.
The acquisition of AdvancedMD, a business partner of OpenEdge Payments, was finalized by Global Payments in 2018.
On May 28, 2019, Global Payments revealed plans for a $21.5 billion merger with TSYS, which led to an investigation by the Federal Trade Commission. The exact involvement of OpenEdge Payments within this merger has not been explicitly detailed.
- ↑ 1.0 1.1 Cite error: Invalid
<ref>tag; no text was provided for refs namedsltrib - ↑ "Global Payments". Fortune.