Global Payments Announces $100 Million Share Repurchase Program

Global Payments Inc. GPN announced today that the company's Board of Directors has approved a share repurchase program that authorizes the purchase of up to $100 million of Global Payments' stock. Under this new authorization, Global Payments may repurchase shares in the open market at the then current market price, subject to market conditions, business opportunities and other factors. This authorization has no expiration date and may be suspended or terminated at any time. David E. Mangum, Senior Executive Vice President and CFO, stated, "The share repurchase program is consistent with our capital allocation strategy, and we remain committed to deploying capital to pursue other growth opportunities and investments to increase shareholder value."