Global Payments and TSYS Combine to Provide Payment Tech to Merchants

Global Payments and Total System Services inked a $21.5 billion deal to merge, the third payments mega deal of 2019. Cameron Bready, chief financial officer, of the combined company, discusses the merger, digital payments and the overstating of the death of cash.

The Swedish point-of-sale finance company quietly put up ads in the U.S. last year but made a splasher introduction earlier this month when Snoop Dogg became the face of its latest campaign. That campaign, called Smoooth Dogg, featured the Afghan dogs from Klarna’s previous campaigns and coincided with the announcement that Snoop has become a minor shareholder in the fintech startup.

Facebook announced a new financial system that will be based on a digital token called Libra managed by an independent non-profit consortium, which is currently comprised of companies like Uber, Spotify, Visa, and MasterCard.