Press Release

Exhibit 99.1

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Contact: Jane M. Elliott

770-829-8234 Voice

770-829-8267 Fax


For Immediate Release		investor.relations@globalpay.com

Global Payments Reports Third Quarter Earnings

ATLANTA, April 2, 2009 — Global Payments Inc. (NYSE: GPN) today announced results for its fiscal third quarter ended February 28, 2009. For the third quarter, revenues grew 26% to $392.7 million compared to $310.6 million in the prior year. Normalized diluted earnings per share grew 2% to $0.45 compared to $0.44 in the prior year quarter.

These results include the unfavorable impact of foreign currency exchange rates during the quarter, and as such, the company included Schedule 9 to provide revenue and diluted earnings per share growth on a constant currency basis for both the quarter as well as the outlook for fiscal 2009. On a constant currency basis, revenues grew 38% and normalized diluted earnings per share grew 25% over the prior year quarter.

On a GAAP basis we reported revenue of $392.7 million and a loss per share of ($1.34). These results include a non-cash, pretax impairment charge relating to our money transfer business of $147.7 million which was recorded as a result of the company’s annual FAS 142 Goodwill and Other Intangible Assets review. The fair value of the money transfer business has significantly declined due to ongoing challenging macroeconomic and immigrant labor trends.

Comments and Outlook

Chairman and CEO, Paul R. Garcia, stated, “We achieved solid third quarter financial performance, in spite of continuing macroeconomic headwinds and unfavorable foreign currency trends. Our normalized results for the quarter were driven by the impact of our June 30, 2008 U.K. acquisition and strong results in our North America segment. North America continues to benefit from successful pricing initiatives in Canada and solid 15% transaction growth in the U.S.”

—More—

GPN Reports Third Quarter Earnings

April 2, 2009

Page 2

“We are maintaining our 2009 annual revenue guidance of $1,550 million to $1,580 million, or 22% to 24% growth over fiscal 2008. In addition, our constant currency expectations for revenue growth of 29% to 31% remains unchanged from last quarter. We are also reaffirming fiscal 2009 normalized diluted EPS guidance of $2.14 to $2.21, reflecting 8% to 12% growth over fiscal 2008 (see Schedule 6 for details). Our constant currency outlook for normalized diluted earnings per share growth of 21% to 25% for fiscal 2009 also remains unchanged, in spite of a challenging economic environment,” said Garcia.

Conference Call

Global Payments will hold a conference call today, April 2, 2009 at 5:00 p.m. EDT to discuss financial results and business highlights. Callers may access the conference call via the company’s Web site at www.globalpaymentsinc.com by clicking the “Webcast” button; or callers may dial 1-888-740-6140 and callers outside U.S. and Canada may dial 1-913-312-1269. The pass code is “GPN.” A replay of the call may be accessed through the Global Payments’ Web site through April 16, 2009.

Global Payments Inc. (NYSE:GPN) 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 including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the United States 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 and comments made by Global Payments’ management during the conference call may contain certain forward-looking statements within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including revenue and earnings estimates and management’s expectations regarding future events and developments, are forward looking statements and are subject to significant risks and uncertainties. Important factors that may cause actual events or results to differ materially from those anticipated by such forward-looking statements include the following: foreign currency risks which become increasingly relevant as we expand internationally, the effect of current U.S. economic conditions, including a decline in the value of the U.S. dollar, the continued erosion of the value of our money transfer business 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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SCHEDULE 1

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)


	Three Months Ended February 28/29,
	2009			2008
Revenues	$	392,663		$	310,641


Operating expenses:
Cost of service		146,760			117,661
Sales, general and administrative		180,117			133,069
Impairment		147,664			—

		474,541			250,730


Operating (loss) income		(81,878	)		59,911


Other income (expense):
Interest and other income		1,200			4,767
Interest and other expense		(2,222	)		(2,198	)

		(1,022	)		2,569


(Loss) income before income taxes and minority interest		(82,900	)		62,480
Provision for income taxes		(15,818	)		(19,265	)
Minority interest, net of tax provision (benefit) of $1,703 and ($506), respectively		(8,058	)		(3,160	)

Net (loss) income	$	(106,776	)	$	40,055


(Loss) earnings per share:
Basic	$	(1.34	)	$	0.51

Diluted	$	(1.34	)	$	0.50


Weighted average shares outstanding:
Basic		79,835			79,219
Diluted		79,835			80,650

SCHEDULE 2

SEGMENT INFORMATION

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)


	Three Months Ended February 28/29,
	2009			2008
Revenues:
United States	$	206,237		$	182,038
Canada		68,202			61,256

North America Merchant Services		274,439			243,294

Europe		62,109			14,455
Asia-Pacific		22,980			18,977

International Merchant Services		85,089			33,432

United States		26,605			28,007
Europe		6,530			5,908

Money Transfer		33,135			33,915


Total Revenues	$	392,663		$	310,641


Operating Income:
North America Merchant Services¹	$	57,909		$	67,792
International Merchant Services		20,771			4,326
Money Transfer		3,403			1,156
Corporate		(16,297	)		(13,363	)
Impairment		(147,664	)		—

Operating (Loss) Income	$	(81,878	)	$	59,911

¹	Includes the favorable impact of a non-recurring, non-cash operating tax item of $7.0 million in the three months ended February 29, 2008.

SCHEDULE 3

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

Reconciliations to Exclude Impairment Charges and an Operating Tax Item from Normalized Results

(In thousands, except per share data)


Three Months Ended February 28/29,	2009									2008
	Normalized			Impairment¹			GAAP			Normalized			Operating Tax Item²			GAAP
Revenues	$	392,663		$	—		$	392,663		$	310,641		$	—		$	310,641


Operating expenses:
Cost of service		146,760			—			146,760			117,661			—			117,661
Sales, general and administrative		180,117			—			180,117			140,117			(7,048	)		133,069
Impairment		—			147,664			147,664			—			—			—

		326,877			147,664			474,541			257,778			(7,048	)		250,730


Operating income (loss)		65,786			(147,664	)		(81,878	)		52,863			7,048			59,911


Other income (expense):
Interest and other income		1,200			—			1,200			4,767			—			4,767
Interest and other expense		(2,222	)		—			(2,222	)		(2,198	)		—			(2,198	)

		(1,022	)		—			(1,022	)		2,569			—			2,569


Income before income taxes and minority interest		64,764			(147,664	)		(82,900	)		55,432			7,048			62,480
Provision for income taxes		(19,906	)		4,088			(15,818	)		(16,936	)		(2,329	)		(19,265	)
Minority interest, net of tax provision (benefit) of $1,703 and ($506), respectively		(8,058	)		—			(8,058	)		(3,160	)		—			(3,160	)

Net income (loss)	$	36,800		$	(143,576	)	$	(106,776	)	$	35,336		$	4,719		$	40,055


Diluted shares		80,931			(1,096	)		79,835			80,650			—			80,650
Diluted earnings (loss) per share	$	0.45		$	(1.79	)	$	(1.34	)	$	0.44		$	0.06		$	0.50

Effective tax rate		33.1	%					(15.2	%)		33.0	%					33.0	%

¹	Impairment charges consist of goodwill and other intangible asset impairments in the Money Transfer segment. Also reflects the related income tax benefit and share dilution.

²	Relates to the favorable impact of a non-recurring, non-cash operating tax item included in sales, general and administrative expenses. Also reflects the related income tax benefit.

SCHEDULE 4

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)


	Nine Months Ended February 28/29,
	2009			2008
Revenues	$	1,199,483		$	930,397


Operating expenses:
Cost of service		445,248			350,483
Sales, general and administrative		512,587			394,023
Impairment and restructuring		147,664			1,317

		1,105,499			745,823


Operating income		93,984			184,574


Other income (expense):
Interest and other income		6,573			14,643
Interest and other expense		(6,642	)		(5,339	)

		(69	)		9,304


Income before income taxes and minority interest		93,915			193,878
Provision for income taxes		(66,539	)		(64,071	)
Minority interest, net of tax provision (benefit) of $1,028 and ($70), respectively		(27,718	)		(7,864	)

Net (loss) income	$	(342	)	$	121,943


(Loss) Earnings per share:
Basic	$	—		$	1.53

Diluted	$	—		$	1.51


Weighted average shares outstanding:
Basic		79,676			79,584
Diluted		79,676			81,023

SCHEDULE 5

SEGMENT INFORMATION

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)


	Nine Months Ended February 28/29,
	2009			2008
Revenues:
United States	$	599,082		$	537,603
Canada		232,779			193,705

North America Merchant Services		831,861			731,308

Europe		194,881			42,365
Asia-Pacific		67,630			53,467

International Merchant Services		262,511			95,832

United States		84,596			86,003
Europe		20,515			17,254

Money Transfer		105,111			103,257


Total Revenues	$	1,199,483		$	930,397


Operating Income:
North America Merchant Services¹	$	213,409		$	205,007
International Merchant Services		62,136			14,309
Money Transfer		12,764			6,117
Corporate		(46,661	)		(39,542	)
Impairment and Restructuring		(147,664	)		(1,317	)

Operating Income	$	93,984		$	184,574

¹	Includes the favorable impact of a non-recurring, non-cash operating tax item of $7.0 million in the nine months ended February 29, 2008.

SCHEDULE 6

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

Reconciliations to Exclude Impairment and Restructuring Charges and an Operating Tax Item from Normalized Results

(In thousands, except per share data)


Nine Months Ended February 28/29,	2009									2008
	Normalized			Impairment¹			GAAP			Normalized			Restructuring and Operating Tax Item²			GAAP
Revenues	$	1,199,483		$	—		$	1,199,483		$	930,397		$	—		$	930,397


Operating expenses:
Cost of service		445,248			—			445,248			350,483			—			350,483
Sales, general and administrative		512,587			—			512,587			401,071			(7,048	)		394,023
Impairment and restructuring		—			147,664			147,664			—			1,317			1,317

		957,835			147,664			1,105,499			751,554			(5,731	)		745,823


Operating income		241,648			(147,664	)		93,984			178,843			5,731			184,574


Other income (expense):
Interest and other income		6,573			—			6,573			14,643			—			14,643
Interest and other expense		(6,642	)		—			(6,642	)		(5,339	)		—			(5,339	)

		(69	)		—			(69	)		9,304			—			9,304


Income before income taxes and minority interest		241,579			(147,664	)		93,915			188,147			5,731			193,878
Provision for income taxes		(70,627	)		4,088			(66,539	)		(62,191	)		(1,880	)		(64,071	)
Minority interest, net of tax provision (benefit) of $1,028 and ($70), respectively		(27,718	)		—			(27,718	)		(7,864	)		—			(7,864	)

Net income (loss)	$	143,234		$	(143,576	)	$	(342	)	$	118,092		$	3,851		$	121,943


Diluted shares		81,055			(1,379	)		79,676			81,023			—			81,023
Diluted earnings (loss) per share	$	1.77		$	(1.77	)	$	—		$	1.46		$	0.05		$	1.51


Effective tax rate		32.7	%					100.5	%		34.5	%					34.5	%

¹	Impairment charges consist of goodwill and other intangible asset impairments in the Money Transfer segment. Also reflects the related income tax benefit and share dilution.

²	Relates to the favorable impact of a non-recurring, non-cash operating tax item included in sales, general and administrative expenses. Restructuring charges consist of employee termination benefits relating to a facility closure. Also reflects the related income tax benefit.


Year Ended May 31,	2008
Normalized diluted earnings per share	$	1.98
Restructuring and other³		0.03

GAAP diluted earnings per share	$	2.01

Full year fiscal 2008 diluted earnings per share was $2.01 on a GAAP basis, which includes restructuring and other charges, a favorable operating tax item, and an unfavorable foreign currency item. For more information, please see our fiscal 2008 earnings press releases, which were included as exhibits to our respective Form 8-Ks furnished to the SEC.

SCHEDULE 7

CONSOLIDATED BALANCE SHEETS

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)


	February 28, 2009			May 31, 2008
	(Unaudited)
Assets
Cash and cash equivalents	$	387,593		$	456,060
Accounts receivable, net		105,242			100,179
Claims receivable, net		554			1,354
Settlement processing assets		3,234			24,280
Inventory, net		6,370			3,821
Deferred income taxes		4,287			4,119
Prepaid expenses and other current assets		23,132			27,597

Current assets		530,412			617,410

Property and equipment, net		141,412			141,415
Goodwill		535,988			497,136
Other intangible assets, net		225,224			175,636
Other assets		11,560			14,310

Total assets	$	1,444,596		$	1,445,907


Liabilities and Shareholders’ Equity
Lines of credit	$	4,110		$	1,527
Current portion of term loan		25,000			—
Payables to money transfer beneficiaries		8,830			9,276
Accounts payable and accrued liabilities		143,011			138,243
Settlement processing obligations		70,020			56,731
Income taxes payable		13,736			11,975

Current liabilities		264,707			217,752

Term loan		165,000			—
Deferred income taxes		54,793			75,001
Other long-term liabilities		11,600			11,612

Total liabilities		496,100			304,365


Commitments and contingencies
Minority interest in equity of subsidiaries		33,430			14,724

Preferred stock		—			—
Common stock		—			—
Paid-in capital		402,077			380,741
Retained earnings		616,725			621,875
Accumulated other comprehensive (loss) income		(103,736	)		124,202

Total shareholders’ equity		915,066			1,126,818

Total liabilities and shareholders’ equity	$	1,444,596		$	1,445,907

SCHEDULE 8

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)


	Nine Months Ended February 28/29,
	2009			2008
Cash flows from operating activities:
Net (loss) income	$	(342	)	$	121,943
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization of property and equipment		27,175			21,258
Amortization of acquired intangibles		23,222			10,962
Share-based compensation expense		10,954			9,853
Provision for operating losses and bad debts		20,256			21,884
Minority interest in earnings		28,746			7,794
Deferred income taxes		(3,419	)		(3,757	)
Impairment of goodwill and identified intangible assets		147,664			—
Other, net		(87	)		(5,763	)
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable		(8,856	)		(6,976	)
Claims receivable		(13,879	)		(18,123	)
Settlement processing assets and obligations, net		28,818			26,297
Inventory		(2,314	)		(1,964	)
Prepaid expenses and other assets		6,832			(7,961	)
Payables to money transfer beneficiaries		(446	)		1,005
Accounts payable and accrued liabilities		2,692			(3,276	)
Income taxes payable		1,761			10,734

Net cash provided by operating activities		268,777			183,910


Cash flows from investing activities:
Business and intangible asset acquisitions		(454,279	)		(12,051	)
Capital expenditures		(25,458	)		(31,926	)
Proceeds from sale of investment and contractual rights		6,796			—

Net cash used in investing activities		(472,941	)		(43,977	)


Cash flows from financing activities:
Net borrowings on lines of credit		2,583			1,126
Proceeds from term loan		200,000			—
Principal payments under term loan		(10,000	)		—
Proceeds from stock issued under share-based compensation plans		7,961			15,229
Tax benefit from share-based compensation plans		2,421			7,384
Repurchase of common stock		—			(87,020	)
Dividends paid		(4,808	)		(4,784	)
Contribution from minority interest holder		358			—
Distributions to minority interests		(23,258	)		(7,085	)

Net cash provided by (used in) financing activities		175,257			(75,150	)


Effect of exchange rate changes on cash		(39,560	)		14,812


(Decrease) increase in cash and cash equivalents		(68,467	)		79,595
Cash and cash equivalents, beginning of period		456,060			308,872

Cash and cash equivalents, end of period	$	387,593		$	388,467

SCHEDULE 9

CONSTANT CURRENCY OUTLOOK

GLOBAL PAYMENTS INC. AND SUBSIDIARIES


(in millions, except for per share data)	Q1 FY09 Actual		% change Q1 FY08	Q2 FY09 Actual		% change Q2 FY08	Q3 FY09 Actual		% change Q3 FY08	Fiscal 2009 Outlook		% change FY08
Fiscal 2009 Revenue
Constant currency¹	$	397	28%	$	424	37%	$	428	38%	$	1,641 to $1,671	29% to 31%
Foreign currency impact²		9	3%		(23)	(7)%		(35)	(11)%		(91)	(7)%

Total Revenues	$	406	31%	$	401	30%	$	393	26%	$	1,550 to $1,580	22% to 24%


Fiscal 2009 Diluted Earnings Per Share
Constant currency¹	$	0.68	27%	$	0.67	39%	$	0.55	25%	$	2.40 to $2.47	21% to 25%
Foreign currency impact²		0.03	5%		(0.07)	(14)%		(0.10)	(23)%		(0.26)	(13)%

Normalized	$	0.71	32%	$	0.60	25%	$	0.45	2%	$	2.14 to $2.21	8% to 12%

Impairment and restructuring³		—	2%		—	—		(1.79)	—		(1.79)	(91)%

GAAP	$	0.71	34%	$	0.60	25%	$	(1.34)	—	$	0.35 to $0.42	(83)% to (79)%

¹	Reflects current period results excluding impairment charges on a pro forma basis as if foreign currency rates did not change from the comparable prior year period.

²	Reflects the impact of actual and forecasted changes in foreign currency rates from the comparable prior year period.

³	For more information, please see Schedule 6 and our earnings press releases for each of these periods, which were included as exhibits to our respective Form 8-Ks furnished to the SEC.