Key Findings
- Economic: Worldpay documentation supports an Israeli-shekel domestic bank-payout capability to Israeli bank accounts; it does not identify customers, banking partners, volumes, licences, or settlement use.1
- Political: A Global Payments Insights application is attributed to New Como Ltd at a Rehovot, Israel address, and the 2025 proxy records 11 Israel-resident employees without identifying roles or employing entities.2, 3
- Corporate: Global Payments completed its acquisition of Worldpay on 9 January 2026 while divesting Issuer Solutions to FIS.4
- Not found: No public evidence identified of Israeli military or security contracts, settlement operations, Project Nimbus participation, or Israeli state/security deployment of Global Payments or Worldpay technology in the reviewed materials.5, 6
Target Profile
| Field | Detail |
|---|---|
| Company Name | Global Payments Inc. |
| Jurisdiction | Georgia, United States. |
| Headquarters | 3550 Lenox Road, Atlanta, Georgia 30326, United States.7 |
| Sector | Payments technology, merchant acceptance, payment processing, business-management software, and related value-added services.7 |
| Ownership | NYSE: GPN. The 2026 proxy reported GTCR W Aggregator LP (15.5%), The Vanguard Group (8.9%), and BlackRock, Inc. (6.3%) as beneficial holders at its stated ownership date; GTCR shares were reported as managed through GTCR entities, with no single person holding voting or dispositive authority.8 |
| Key Executives / Governance | Cameron M. Bready, Chief Executive Officer and director; M. Troy Woods, Independent Chair. The Worldpay integration committee was chaired by Bready and included Archana Deskus, Joseph H. Osnoss, Patricia A. Watson, and Woods.8 |
| Israeli-Nexus Summary | Documented nexus is limited to Worldpay’s Israel payout/currency coverage and an Israeli-addressed Como developer operation; evidence does not establish settlement, military, state-procurement, or security use.1, 2 |
Key Facts:
- Global Payments completed the Worldpay acquisition and Issuer Solutions divestiture on 9 January 2026.4
- The combined business is described as serving more than six million merchant locations and processing approximately 94 billion annual transactions.9
- The significant-subsidiary exhibit does not list an Israeli-incorporated subsidiary, but it excludes subsidiaries not significant in the aggregate and cannot establish group-wide absence.10
Executive Summary
Global Payments is a Georgia-incorporated, NYSE-listed payments-technology company. Its disclosed business includes merchant acceptance, payment processing, related software, and value-added services. In January 2026, it acquired Worldpay Holdco, LLC and simultaneously divested its Issuer Solutions business to FIS, creating a post-transaction commerce-solutions group with global merchant reach.7, 4
The strongest documented Israel nexus is commercial payment-route availability. Worldpay documentation describes domestic payouts in Israel using Israeli shekels, Israeli bank-beneficiary information, and the IL country code; separate coverage documentation lists Israel and ILS, with restrictions on gambling-related payouts. This establishes country- and currency-level payout capability, not a documented customer base, local licence, banking partner, transaction volume, merchant relationship, or use in occupied territory.1, 11
A second, narrower nexus concerns Como. Global Payments’ subsidiary exhibit lists Como America - UK Ltd.; Como’s site lists Israel among its offices and links its privacy notice to Global Payments. Google Play identifies New Como Ltd, at 1 Hamada, Rehovot, Israel, as developer of the Global Payments Insights application. The available materials support an Israeli-addressed software/developer operation and customer-engagement functionality, but do not establish its legal-entity chain, headcount, data access, Israeli research remit, settlement activity, government contracting, or security use.12, 2
No public evidence identified in the reviewed corporate records and targeted searches of Israeli Ministry of Defense, IDF, intelligence, police, or other security-body contracts; military-specific products; Project Nimbus participation; Israeli sovereign-cloud services; settlement offices, merchants, terminals, resellers, or named group operations; Israeli product sourcing; or Israel-related lobbying, military welfare, or settlement funding.5, 6, 13 The resulting fixed human-vetted score is BRS 156, Tier E (Minimal/No Complicity). The score reflects limited, insufficiently specified commercial and operational nexus evidence rather than verified military, digital-security, or settlement involvement.
Timeline of Relevant Events
| Date | Event |
|---|---|
| 2022 | Global Payments announced a definitive agreement to acquire EVO Payments, described as a provider of payment-technology integrations and acquiring solutions.14 |
| April 2024 | Worldpay publicly described its use of Fireblocks tools for stablecoin-payment orchestration, transfers, and settlement; the reviewed evidence characterizes this as payment-settlement infrastructure.15 |
| Second quarter 2025 | Global Payments classified Issuer Solutions as discontinued operations, pending the Worldpay transaction and related business changes.7 |
| 9 January 2026 | Global Payments completed the acquisition of Worldpay and divested Issuer Solutions to FIS.4 |
| 26 February 2026 | The company’s proxy reported GTCR W Aggregator LP, Vanguard, and BlackRock as disclosed significant beneficial holders at the stated ownership date.8 |
| 31 March 2026 | Vanguard Capital Management reported beneficial ownership of 17,000,921 Global Payments shares and certified ordinary-course ownership rather than an intent to influence control.16 |
Corporate Overview
Global Payments is a Georgia corporation with principal executive offices in Atlanta. Its 2025 filing describes a payments-technology business offering merchant acceptance, payment processing, software, and value-added services. Its significant subsidiaries include payment, merchant-acquiring, software, and related-services businesses, including Heartland Payment Systems, EVO Merchant Services, Total System Services, TSYS Acquiring Solutions, TSYS Merchant Solutions, Cayan, MineralTree, TouchNet, Active Network, Xenial, and entities in Europe and the United Kingdom.7, 10
The January 2026 transaction brought Worldpay Holdco, LLC into the consolidated group and divested Issuer Solutions to FIS. The acquired entity identified in the filing is Worldpay Holdco, LLC, not an Israeli-incorporated operating company.4, 7
The record supports a group connection to Como through Como America - UK Ltd. and supports an Israel office listed by Como, as well as an Israeli-addressed New Como Ltd application developer. However, the subsidiary exhibit is not a complete group register: it excludes subsidiaries not significant in the aggregate. It therefore neither identifies a complete Como legal-entity chain nor proves the absence of every Israeli subsidiary, commercial relationship, agent, customer, or later change.10, 12
Domain Summaries
Military: Military
Mechanism of Involvement
No public evidence identified of Global Payments, Worldpay, EVO Payments, Como, or the listed significant subsidiaries holding an Israeli government, Israeli security-service, Ministry of Defense, IDF, or defence-prime contract in the reviewed materials.5, 7, 10
The disclosed business is payments technology, merchant acceptance, payment processing, software, and value-added services. Reviewed filings do not identify production, adaptation, or marketing of weapons, munitions, tactical equipment, surveillance products, combat-support systems, heavy machinery, military engineering equipment, base services, logistics support, or strategic military platforms.7, 10
Counter-Arguments and Evidence Limits
The strongest defence is the civilian character of the disclosed business and the absence of identified defence customers, military products, procurement records, or logistics arrangements in the reviewed sources. The Worldpay acquisition expanded a payments business, while Issuer Solutions was divested to FIS; neither transaction disclosure establishes an Israeli military nexus.4, 7
These are bounded findings. The absence of an Israel-organised entity from the significant-subsidiary exhibit cannot establish that no non-significant Israeli operation exists, because the exhibit expressly excludes subsidiaries not significant in the aggregate. Likewise, the document-scoped civil-society checks do not establish database-wide absence.10, 13
Named Entities and Evidence Map
- Global Payments Inc.: Payments-technology company; no identified Israeli defence or security customer in reviewed corporate records.7, 5
- Worldpay Holdco, LLC: Acquired January 2026; no disclosed defence-prime or Israeli military relationship identified.4, 5
- EVO Payments and named significant subsidiaries: Payment and software businesses; no disclosed defence supply-chain role identified.10, 14
Digital: Digital
Mechanism of Involvement
Worldpay’s pre-acquisition Fireblocks relationship concerned stablecoin-payment orchestration, transfer, and settlement. Fireblocks states that its founders previously worked at Check Point, which establishes an Israeli-technology-sector connection only at founder-background level. It does not establish Israeli hosting, engineering, support, or data access for Worldpay’s deployment, nor a direct Global Payments relationship with Check Point.15, 17
Como markets a data-driven loyalty, digital-payment, marketing-automation, and AI-enabled customer-engagement platform. Its materials describe real-time customer-data access, customer preferences and purchase history, targeted messages, and AI-generated customer insights. Those materials document commercial customer analytics, not biometric identification, law-enforcement surveillance, intercepted-communications datasets, or security deployment.12
Counter-Arguments and Evidence Limits
No public evidence identified of Global Payments or Worldpay using Israeli-origin facial recognition, biometric identification, predictive policing, workforce surveillance, offensive-cyber tooling, digital weapons, autonomous tracking, target generation, or purpose-built kinetic-targeting systems. No public evidence identified of direct licensing or integration with the named Israeli cyber, surveillance, or systems-integrator companies searched in the audit.6
Como’s Israel office listing and the New Como Ltd application record do not establish that customer, payment, behavioural, or AI-model data are stored in, routed through, processed in, or accessible from Israel. The materials also do not establish that Como’s AI functions are developed in Israel or operated by Israel-based personnel with production-data access.12, 2
Named Entities and Evidence Map
- Worldpay / Fireblocks: Payment-settlement infrastructure relationship documented as of April 2024; no established Israeli operational or security nexus.15, 17
- Como / New Como Ltd: Customer-engagement and analytics platform; Israel office/developer address documented, but security, state, and settlement use unverified.12, 2
- Global Payments: No identified Project Nimbus, Israeli sovereign-cloud, or Israeli security-body technology contract.6
Economic: Economic
Mechanism of Involvement
Worldpay documentation establishes an Israel-specific domestic bank-payout capability. It specifies Israeli shekels, Israeli country code IL, Israeli IBAN and beneficiary-bank information, and a T+1 earliest beneficiary-credit timetable. Country-coverage materials list Israel and ILS, while restricting gambling-related payouts to or from Israel.1, 11
This is the clearest documented economic nexus. It supports availability of a commercial payout route to Israeli bank accounts. It does not identify the local bank or correspondent bank, merchant-acquiring licence, contracting entity, customer, merchant, transaction volume, settlement-location beneficiary, Israel-derived revenue, or profit.1, 11
Global Payments’ Israel connection also includes Como’s listed Israel office and the New Como Ltd developer address. The available evidence does not establish an Israeli Global Payments office, workforce, government contract, locally licensed operating entity, or direct acquisition or current control of an Israeli-incorporated operating company.12, 2, 10
Counter-Arguments and Evidence Limits
No public evidence identified of Israeli agricultural sourcing, imports, physical product distribution, settlement-origin product labelling, Israeli factories, real-estate investment, Israeli tax residency, profit repatriation, dividend flows, Israeli sovereign or Israel Bonds underwriting, lending to Israeli defence companies or OHCHR-listed entities, or insurance underwriting of Israeli state, military, or settlement operations.13
No public evidence identified of services specifically supplied to businesses in West Bank settlements, East Jerusalem settlements, or the Golan Heights. The supplied review did not identify Global Payments in specified UN, OHCHR, NGO, and civil-society materials, but that document-scoped result does not establish absence from all possible governmental, regulatory, commercial, subsidiary, reseller, acquired-entity, or historical-name records.13
Named Entities and Evidence Map
- Worldpay: Israel/ILS payout coverage is documented; local partner, users, scale, and territorial use are not disclosed.1, 11
- Global Payments Inc.: Georgia-incorporated parent; no direct acquisition or current control of an identified Israeli-incorporated operating company in the bounded review.7
- Como / New Como Ltd: Israeli-addressed operation is supported, but its economic scale and corporate chain are unresolved.12, 2
Political: Political
Mechanism of Involvement
The political-domain nexus is limited to the potential political relevance of an Israel-specific payment route and an Israeli-addressed software/developer operation. Worldpay’s documentation supports domestic payouts to Israeli bank accounts, but does not identify beneficiaries, customer categories, government users, or use in occupied territory.1
Google Play identifies New Como Ltd at 1 Hamada, Rehovot, Israel as developer of Global Payments Insights. Separately, the 2025 proxy recorded 11 Israel-resident employees within a group excluded from the SEC-permitted global-employee data set, without identifying their employing entity, workplace, functions, or activities.2, 3
Counter-Arguments and Evidence Limits
No public evidence identified of a Global Payments, Worldpay, Como, or named group-subsidiary office, contract, terminal deployment, reseller, or named merchant in an Israeli settlement, East Jerusalem settlement, the West Bank, or the Golan Heights. The reviewed OHCHR settlement-business update and UN Special Rapporteur material did not identify these entities, but this does not establish database-wide absence beyond those reviewed sources.18
No public evidence identified of public positions on Israeli government policy, Palestinian rights, settlements, or anti-BDS advocacy; Israeli state ownership, formal state partnership, military-heritage branding, Israeli Ministry of Defense or IDF contracts, settlement funding, military-welfare donations, reservist support, crisis asset mobilisation, or Israel-related anti-BDS lobbying.5, 6
Named Entities and Evidence Map
- Global Payments / Worldpay: Commercial payout coverage, not a documented grant, donation, government arrangement, military arrangement, or lobbying programme.1
- New Como Ltd / Como: Israeli developer address and office indication; no established settlement, government, or security use.2, 12
- Corporate leadership and holders: The bounded proxy review did not verify Israel/Palestine-related political, charitable, investment, board, or public-statement ties for named leadership or GTCR’s non-individual ownership vehicle.8
BDS-1000 Score
Method: V6.5.
| Domain | I | M | P | V-Domain Score |
|---|---|---|---|---|
| Military | 0.00 | 0.00 | 0.00 | 0.00 |
| Digital | 0.00 | 0.00 | 0.00 | 0.00 |
| Economic | 2.50 | 4.50 | 8.00 | 1.61 |
| Political | 3.10 | 4.00 | 8.00 | 1.77 |
- V_MAX: 1.77 Avg_OTHERS: 0.54
- BRS Score: 156 Tier: E (Minimal/No Complicity)
V_MAX is driven by the limited political relevance of an Israel-specific payout route and Israeli-addressed software/developer evidence, neither of which establishes settlement, state, military, or security use. The economic score reflects the same documented payment-route availability and unresolved operational footprint; Military and Digital remain zero because the reviewed evidence did not identify qualifying military or digital-security involvement.
The V6.5 approach is scale-free and evidence-only: the fixed scores reflect human-vetted activity type, scale, and directness, not unsupported inference from geography, ordinary corporate ownership, or transitive technology associations.
Methodology Note
- This dossier relies solely on the supplied Military, Digital, Economic, and Political audits and their cited source record.
- Claims are evidence-only: documented commercial capability is distinguished from verified customers, contracts, territorial use, revenues, or state/security deployment.
- Impact assesses activity type; M assesses scale; P assesses directness. Scores are fixed human-vetted V6.5 results and have not been recalculated.
- Divested or exited operations are mitigating context. Issuer Solutions was divested to FIS when Global Payments acquired Worldpay in January 2026.4
- Entity attribution is kept specific: a Fireblocks founder’s prior Check Point employment does not establish a Global Payments–Check Point relationship, and an omitted subsidiary exhibit entry does not prove group-wide absence.17, 10
- Settlement operations, if documented, would be relevant to both Economic and Political; none was identified here. “No public evidence identified” is used where the audits’ reviewed checks found no supporting evidence.
Footnotes
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https://docs.worldpay.com/access/products/marketplaces/coverage/bank/apac/israel ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8
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https://play.google.com/store/apps/details?hl=en_US&id=com.como.insights ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9
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https://investors.globalpayments.com/financial-information/all-sec-filings/content/0001104659-25-023451/0001104659-25-023451.pdf ↩ ↩2
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https://investors.globalpayments.com/news-events/press-releases/detail/498/global-payments-completes-acquisition-of-worldpay-and ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8
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https://www.sec.gov/Archives/edgar/data/1123360/000112336026000008/gpn-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6
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https://www.sec.gov/Archives/edgar/data/1123360/000112336026000008/gpn-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11
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https://www.sec.gov/Archives/edgar/data/1123360/000110465926029453/tm261348-1_def14a.htm ↩ ↩2 ↩3 ↩4
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https://www.sec.gov/Archives/edgar/data/1123360/000112336026000008/ex211listofsubsidiaries123.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9
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https://docs.worldpay.com/access/products/marketplaces/coverage/bank ↩ ↩2 ↩3 ↩4
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https://investors.globalpayments.com/news-events/press-releases/detail/7/global-payments-enters-definitive-agreement-to-acquire-evo ↩ ↩2
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https://www.sec.gov/Archives/edgar/data/1123360/000210011926000555/xslSCHEDULE_13G_X02/primary_doc.xml ↩
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https://www.ohchr.org/sites/default/files/documents/hrbodies/hrcouncil/sessions-regular/session59/advance-versions/a-hrc-59-23-aev.pdf ↩











