Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, announced today that it has entered into an accelerated share repurchase (ASR) agreement with Goldman, Sachs & Co. to repurchase an aggregate of $50 million of the company's common stock.

Under the terms of the ASR, the company expects to receive an initial delivery of shares having a value of approximately $40 million. The total number of shares ultimately repurchased under the agreement will be determined upon final settlement and will be based on the volume-weighted average price of the company's common stock during the repurchase period. The company anticipates that all repurchases under the ASR will be completed no later than June 30, 2016.

About Global Payments

Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. Our technologies, partnerships and employee expertise enable us to provide a broad range of products and services that allow our customers to accept all payment types across a variety of distribution channels in many markets around the world.

Headquartered in Atlanta, Georgia with more than 8,500 employees worldwide, Global Payments is a member of the S&P 500 with merchants and partners in 29 countries throughout North America, Europe, the Asia-Pacific region and Brazil. For more information about Global Payments, our Service. Driven. Commerce brand and our technologies, please visit www.globalpaymentsinc.com.