Fintech Giants Join Forces To Dominate Payments Space

Columbus, Georgia-based financial technology firm Total System Services (TSYS) and its Atlanta-based rival Global Payments announced last week that they will be merging. The deal was announced by Global Payments, who called it a “merger of equals.” The $21.5 billion all-stock transaction will result in a larger payments processor—but might also lead to job cuts at the newly-combined company...