Harrison Vivas's questions to Global Payments Inc (GPN) leadership • Q4 2024
Question
Harrison Vivas, on behalf of Bryan Bergin at TD Cowen, asked for early client feedback on the Genius POS replatforming and the expected impact on customer churn. He also inquired about the potential for additional asset sales.
Answer
CEO Cameron Bready and President & COO Bob Cortopassi described early feedback on the Genius platform as 'overwhelmingly positive' from all sales channels. They explained that churn risk is mitigated by providing natural upgrade paths for existing customers, many of whom won't require data conversions or new hardware. On asset sales, Bready confirmed the company is still targeting $500-$600 million in divestitures and is assessing businesses based on their scale and strategic fit within Global Payments.