Overview Key strengths Key risks Large-scale payment processor with a strong market position in North America credit card processing. Financial institution client concentration in the card issuing business with pricing pressure. Fast-expanding merchant business with a diverse set of owned and partnered payment software and omnichannel presence. Exposure to small and midsize merchants subject to high churn. Strong free cash flow and balanced financial policy. Highly competitive industry and the need to invest. . As consumer spending continues to shift to cards and online, Global Payments will benefit from volume growth because of its expansive distribution channels and omnichannel software offerings within its merchant ecosystem. The company has been investing in these areas over the past several years. With EVO
