It has succeeded with both of these objectives and helped create several unicorn companies and other high growth companies. Its purpose since its founding 10 years ago has been to create 10,000 new jobs while fueling Atlanta’s rise to a top-five tech-startup center in the U.S. with deep connections to Atlanta’s business and investment communities. The former Goldman Sachs partner doesn’t envision another day-to-day executive role for himself, but he does plan to use his experience in both operations and consolidations to help companies as an investor, mentor and advocate.Atlanta Tech Village (ATV) is a community of innovation powered by the 4th largest tech space in the U.S. Sloan, he remains on the board of directors Fleetcor, an Atlanta-based provider of fuel cards and other payment solutions for companies managing their payments and expenses. And we’ve seen so many examples of that.”Īccording to TAG, more than 200 fintech companies in Georgia employ more than 40,000 people.Īs for Mr. They’ll continue to be here.’ That’s not the case. “I think policymakers can say, ‘They’re here. “One of our messages for policy makers is: Don’t take it for granted,” he said. Global Payments invests more than a billion dollars a year in payroll and other expenditures to keep its innovation engine humming in the state, he added.īut the industry can’t just rely on inertia it must be cultivated, TAG’s Mr. Sloan, who used to travel 250,000 miles per year on Delta Air Lines. Georgia, for its part, still has an R&D tax credit in place - one of many attributes that makes the state attractive in the fintech sector, along with a “deep bench” of industry talent, strong universities and an airport that enables companies to reach their customers around the world efficiently with nonstop flights, said Mr. True to form, local partnerships have helped Global Payments demonstrate its capabilities in this regard: The company’s systems underpin both advance online ticketing (and parking) and in-person concessions purchases at games for the Atlanta Braves, Atlanta Hawks and Atlanta United. Payments companies, he said, are also now seeing the need to invest more heavily in the “omni-channel” experience, the “seamless blurring” of e-commerce and physical retail. With about five times the transaction value of consumer payments, B2B is still largely reliant on checks and ACH transfers, he said. ![]() These additional target addressable markets geographically as well as the vertical solutions depend on people right here building them and sending them overseas.”īoth TSYS and an earlier purchase of Mineral Tree promised Global Payments a better foothold in business-to-business payments, an area Mr. “We are a net exporter of our technologies from the U.S., in many cases from right here in Georgia, to places outside the United States. Sloan said, but for that to continue, the U.S. ![]() It also offered the company new capabilities in e-commerce and better connections with card issuers and financial institutions, areas of strength for TSYS, while bolstering the company’s scale during a wave of payments-industry consolidation.Įxpanding outwardly has generally benefited the company at home, Mr. Closed in 2019, the melding of what he described as complementary corporate cultures gave Global Payments entree into Latin American markets like Brazil. Before that was the $21.5 billion all-stock merger with Columbus, Ga.-based TSYS.
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