Global Payments Announces Payment Card and Check Processing Relationship with Illinois Automobile Dealers Association
ATLANTA, Feb. 28, 2007 -- Global Payments Inc. , a world leader in payment processing services, today announced a referral relationship with the Illinois Automobile Dealers Association (IADA) to provide comprehensive payment card and check services to IADA's car and truck dealer members.
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IADA, an organization representing the interests of all Illinois franchised car and truck dealers, will refer members, who are in need of customized payment processing, to Global Payments for payment card and check processing solutions designed specifically for the automobile industry. IADA's members will be able to utilize Global's innovative products and services including eHold Check(TM), an electronic check solution allowing dealerships to hold checks for payment, until the customer' s funds are available; credit and debit card processing; electronic check conversion; check guarantee; check recovery services; as well as a full spectrum of management reporting tools and comprehensive software.
"The Illinois Automobile Dealers Association is excited to be working with a payments processing leader. We are pleased to offer our members Global Payments' card processing and its eHold Check(TM) program, specifically designed for car dealerships, and its specialized guarantee and recovery services-all valuable benefits to our members," said Peter Sander, president of IADA."
IADA, located in Springfield, Illinois, is an organization of franchised new car and truck dealers whose purpose is to promote an ethical, favorable business climate and to serve the common needs of its members through services, education, and representation. IADA has 1,000 members.
Global Payments Inc. 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, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit www.globalpaymentsinc.com.
This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, 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 events.
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