Global Payments Acquires Remaining 49% Interest in U.K. Merchant Services Joint Venture

    ATLANTA, June 12 /CNW/ -- Global Payments Inc. (NYSE:   GPN), a leading
provider of electronic transaction processing solutions, announced today that
it has acquired the remaining 49% interest in its merchant services joint
venture in the United Kingdom from HSBC Bank plc ("HSBC").


    In June 2008, Global Payments and HSBC formed a joint venture, HSBC
Merchant Services, to provide payment processing services to merchants in the
United Kingdom and Internet merchants globally.  Under the terms of today's
agreement, Global Payments will pay HSBC a total of USD$307.7 million in cash
to acquire the remaining 49% ownership interest in this joint venture.  In
addition, HSBC will extend the current ten-year exclusive marketing alliance
agreement whereby the bank provides merchant referrals and bank sponsorship to
Global Payments to June 2019.

    Global Payments' Chairman and Chief Executive Officer, Paul R. Garcia
said, "We are very pleased to acquire the remaining interest in our joint
venture.  Our performance in the United Kingdom this year has provided a
strong foundation for long-term growth, as we continue to provide a wide range
of high-value payment solutions and world-class service to merchants.  This
transaction demonstrates the strength of our relationship with HSBC, as our
partnership in the United Kingdom evolves from a joint venture to a marketing
alliance.  We look forward to continuing and extending our successful
worldwide relationship with HSBC."

    Noel Quinn, HSBC's UK Head of Commercial Banking, said, "We are focused
on ensuring that our commercial banking relationships benefit from a
combination of HSBC's core service capabilities, including our international
distribution, and from high quality support services.  Global Payments is a
market leader in the provision of card processing services, whom we know well
from working together in Asia and North America. Our UK customers will
continue to benefit from their expertise."

    Global Payments used existing cash and lines of credit to complete the
transaction and  anticipates the deal to be accretive in fiscal 2010 and will
provide additional financial details during its fiscal 2009 year-end earnings
call, currently scheduled for July 23, 2009.

    HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc (LSE:
HSBA), one of the largest financial institutions in the world, with assets of
approximately $2.5 trillion and approximately 9,500 offices in 86 countries
and territories, as of December 31, 2008.

    Global Payments Inc. (NYSE:   GPN) is a leading provider of electronic
transaction processing services for consumers, merchants, Independent Sales
Organizations (ISOs), financial institutions, government agencies and
multi-national corporations located throughout the United States, Canada,
Latin America, Europe, and the Asia-Pacific region.  Global Payments offers a
comprehensive line of processing solutions for credit and debit cards,
business-to-business purchasing cards, gift cards, electronic check conversion
and check guarantee, verification and recovery including electronic check
services, as well as terminal management.  The company also provides consumer
money transfer services from the United States and Europe to destinations in
Latin America, Morocco, and the Philippines.  For more information about the
company and its services, visit

    This announcement may contain certain forward-looking statements within
the meaning of the "safe-harbor" provisions of the Private Securities
Litigation Reform Act of 1995.  Statements that are not historical facts,
including earnings estimates and management's expectations regarding future
events and developments, are forward looking statements and are subject to
significant risks and uncertainties.  Important factors that may cause actual
events or results to differ materially from those anticipated by such
forward-looking statements include the following: foreign currency exchange
risks and their effect on the anticipated earnings from HSBC Merchant
Services, the effect of economic conditions in the United Kingdom on the
performance of HSBC Merchant Services, including declines in consumer spending
by credit and debit card; and other risks detailed in the company's SEC
filings, including the most recently filed Form 10-Q or Form 10-K, as
applicable.  The company undertakes no obligation to revise any of these
statements to reflect future circumstances or the occurrence of unanticipated

    Investor Relations Contact: Jane M. Elliott
    770 829-8234 Voice

    Media Relations Contact: Phyllis McNeill
    770 829-8245 Voice


For further information:

For further information: Investor Relations: Jane M. Elliott, +1-770
829-8234 Voice,, Media Relations: Phyllis
McNeill, +1-770 829-8245 Voice,, both of Global
Payments Inc. Web Site:

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