Global Payments positioning for growth

Atlanta tech firm signs Amazon and TD Bank deals to help it expand.

Global Payments, an Atlanta financial-technology company, struck deals Monday with Amazon and TD Bank to help the company expand.

Global Payments provides credit and debit card payments-processing technology to merchants and banks. The company selected Amazon Web Services to be its preferred cloud-computing partner in its bank-focused business.

Global Payments CEO Jeff Sloan said in a news release he expects the partnership to create more business opportunities worldwide.

Amazon Web Services is Amazon’s most-profitable subsidiary. The cloud-computing business generated $2.1 billion in sales during the first three months of this year, which outranks Amazon’s namesake e-commerce site.

Amazon Web Services has been involved in a high-profile legal spat with the Trump administration. When the Defense Department awarded a $10 billion contract to Microsoft to manage its cloud computing, Amazon sued, claiming the bid process was biased due to Trump’s public criticism of Amazon and its CEO, Jeff Bezos. Bezos also owns the

Washington Post, which has been unsparing in its coverage of the president.

The lawsuit is pending in federal court.

Global Payments also renewed a contract with TD Bank to provide processing services for its consumer and commercial card portfolios.

TD Bank is the 10th largest bank operating in the U.S., measured by total assets. The Toronto-based company does not operate retail bank branches in Georgia.

Global Payments did not disclose financial terms of the Amazon or TD Bank contracts.