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<br /> To Our Valued Shareholders:<br /> Global Payments exits fiscal year 2013 as a strong organization, with greatly-enhanced infrastructure and a renewed focus on driving growth. In<br /> the past year, your company introduced new products; grew our merchant base at historic levels; added three strategic acquisitions in the United<br /> States, Asia and Europe, with a collective value approaching three quarters of a billion dollars; and made significant investments in systems to<br /> drive efficiency and broaden global scalability.<br /> We successfully expanded our partner of choice strategy by establishing relationships with a number of financial institutions, value added resellers<br /> and other service providers offering merchants high quality payment services around the world. Our acquisition of Accelerated Payment Technologies<br /> (APT) supports this strategy. APT's integrated, innovative solutions for merchants in more than 30 different vertical markets also provi<a title="GPN-20130918-AR-DAS page 1" href="http://viewer.zmags.com/publication/b8a0a6af?page=1"> </a> <a title="GPN-20130918-AR-DAS page 2" href="http://viewer.zmags.com/publication/b8a0a6af?page=2">To Our Valued Shareholders: Global Payments exi</a> <a title="GPN-20130918-AR-DAS page 3" href="http://viewer.zmags.com/publication/b8a0a6af?page=3"> UNITED STATES SECU</a> <a title="GPN-20130918-AR-DAS page 4" href="http://viewer.zmags.com/publication/b8a0a6af?page=4"> GLOBAL PAYMENTS INC. 2013 FORM 10-K ANN</a> <a title="GPN-20130918-AR-DAS page 5" href="http://viewer.zmags.com/publication/b8a0a6af?page=5"> CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATE</a> <a title="GPN-20130918-AR-DAS page 6" href="http://viewer.zmags.com/publication/b8a0a6af?page=6">PART I ITEM 1—BUSINESS General Developments </a> <a title="GPN-20130918-AR-DAS page 7" href="http://viewer.zmags.com/publication/b8a0a6af?page=7"> restaurants, retail, universities, nonprofit orga</a> <a title="GPN-20130918-AR-DAS page 8" href="http://viewer.zmags.com/publication/b8a0a6af?page=8"> member financial institutions of MasterCard and V</a> <a title="GPN-20130918-AR-DAS page 9" href="http://viewer.zmags.com/publication/b8a0a6af?page=9"> Payments to advance the Member $1.50. After the e</a> <a title="GPN-20130918-AR-DAS page 10" href="http://viewer.zmags.com/publication/b8a0a6af?page=10"> majority of Global Payments ISOs marketing direct</a> <a title="GPN-20130918-AR-DAS page 11" href="http://viewer.zmags.com/publication/b8a0a6af?page=11"> Total revenues from our segments, by geography, a</a> <a title="GPN-20130918-AR-DAS page 12" href="http://viewer.zmags.com/publication/b8a0a6af?page=12"> We believe that electronic transactions </a> <a title="GPN-20130918-AR-DAS page 13" href="http://viewer.zmags.com/publication/b8a0a6af?page=13"> containing personal information collected from me</a> <a title="GPN-20130918-AR-DAS page 14" href="http://viewer.zmags.com/publication/b8a0a6af?page=14"> The Dodd-Frank Act also created the Fina</a> <a title="GPN-20130918-AR-DAS page 15" href="http://viewer.zmags.com/publication/b8a0a6af?page=15"> Anti-money Laundering and Counter Terrorist Requi</a> <a title="GPN-20130918-AR-DAS page 16" href="http://viewer.zmags.com/publication/b8a0a6af?page=16">ITEM 1A—RISK FACTORS An investment in our commo</a> <a title="GPN-20130918-AR-DAS page 17" href="http://viewer.zmags.com/publication/b8a0a6af?page=17"> During the fiscal year ended May 31, 201</a> <a title="GPN-20130918-AR-DAS page 18" href="http://viewer.zmags.com/publication/b8a0a6af?page=18"> We rely on various financial institutions to prov</a> <a title="GPN-20130918-AR-DAS page 19" href="http://viewer.zmags.com/publication/b8a0a6af?page=19"> financial institutions do not incur the costs ass</a> <a title="GPN-20130918-AR-DAS page 20" href="http://viewer.zmags.com/publication/b8a0a6af?page=20"> Our future success will depend in part </a> <a title="GPN-20130918-AR-DAS page 21" href="http://viewer.zmags.com/publication/b8a0a6af?page=21"> We may experience software defects, undetected er</a> <a title="GPN-20130918-AR-DAS page 22" href="http://viewer.zmags.com/publication/b8a0a6af?page=22"> made using electronic payments. A reduction in th</a> <a title="GPN-20130918-AR-DAS page 23" href="http://viewer.zmags.com/publication/b8a0a6af?page=23"> Interchange fees (which are typically pa</a> <a title="GPN-20130918-AR-DAS page 24" href="http://viewer.zmags.com/publication/b8a0a6af?page=24"> We conduct a portion of our business in various E</a> <a title="GPN-20130918-AR-DAS page 25" href="http://viewer.zmags.com/publication/b8a0a6af?page=25"> fulfill succession plans capable of maintaining c</a> <a title="GPN-20130918-AR-DAS page 26" href="http://viewer.zmags.com/publication/b8a0a6af?page=26"> Failure to maintain effective internal controls i</a> <a title="GPN-20130918-AR-DAS page 27" href="http://viewer.zmags.com/publication/b8a0a6af?page=27">Continued consolidation in the banking and retail </a> <a title="GPN-20130918-AR-DAS page 28" href="http://viewer.zmags.com/publication/b8a0a6af?page=28"> Our principal facilities in the United St</a> <a title="GPN-20130918-AR-DAS page 29" href="http://viewer.zmags.com/publication/b8a0a6af?page=29">Part II ITEM 5—MARKET FOR REGISTRANT'S COMMON E</a> <a title="GPN-20130918-AR-DAS page 30" href="http://viewer.zmags.com/publication/b8a0a6af?page=30"> Stock Performance Graph The following l</a> <a title="GPN-20130918-AR-DAS page 31" href="http://viewer.zmags.com/publication/b8a0a6af?page=31">Issuer Purchases of Equity Securities </a> <a title="GPN-20130918-AR-DAS page 32" href="http://viewer.zmags.com/publication/b8a0a6af?page=32">ITEM 7—MANAGEMENT'S DISCUSSION AND ANALYSIS OF FIN</a> <a title="GPN-20130918-AR-DAS page 33" href="http://viewer.zmags.com/publication/b8a0a6af?page=33"> Executive Overview In fiscal 2013, reve</a> <a title="GPN-20130918-AR-DAS page 34" href="http://viewer.zmags.com/publication/b8a0a6af?page=34"> that have been imposed upon us by the card networ</a> <a title="GPN-20130918-AR-DAS page 35" href="http://viewer.zmags.com/publication/b8a0a6af?page=35"> who could potentially be affected are limited to </a> <a title="GPN-20130918-AR-DAS page 36" href="http://viewer.zmags.com/publication/b8a0a6af?page=36"> amount or range of possible losses associated wit</a> <a title="GPN-20130918-AR-DAS page 37" href="http://viewer.zmags.com/publication/b8a0a6af?page=37"> Consolidated Operating Expenses Cost of</a> <a title="GPN-20130918-AR-DAS page 38" href="http://viewer.zmags.com/publication/b8a0a6af?page=38"> results in Europe, partially offset by last year'</a> <a title="GPN-20130918-AR-DAS page 39" href="http://viewer.zmags.com/publication/b8a0a6af?page=39"> Fiscal Year Ended May 31, 2012 Compared to Fiscal</a> <a title="GPN-20130918-AR-DAS page 40" href="http://viewer.zmags.com/publication/b8a0a6af?page=40"> For fiscal 2012, revenues increased 18.5</a> <a title="GPN-20130918-AR-DAS page 41" href="http://viewer.zmags.com/publication/b8a0a6af?page=41"> functions; amortization of intangible assets; and</a> <a title="GPN-20130918-AR-DAS page 42" href="http://viewer.zmags.com/publication/b8a0a6af?page=42"> accounting, information technology, legal, human </a> <a title="GPN-20130918-AR-DAS page 43" href="http://viewer.zmags.com/publication/b8a0a6af?page=43"> reflect our capital investments in these subsidia</a> <a title="GPN-20130918-AR-DAS page 44" href="http://viewer.zmags.com/publication/b8a0a6af?page=44"> Long-Term Debt and Credit Facilities Outstanding</a> <a title="GPN-20130918-AR-DAS page 45" href="http://viewer.zmags.com/publication/b8a0a6af?page=45"> 1.8% and 2.1%, respectively, for the fiscal years</a> <a title="GPN-20130918-AR-DAS page 46" href="http://viewer.zmags.com/publication/b8a0a6af?page=46"> · Philippines—a revolving facility with HSBC B</a> <a title="GPN-20130918-AR-DAS page 47" href="http://viewer.zmags.com/publication/b8a0a6af?page=47"> Notes Payable United Card Services, or </a> <a title="GPN-20130918-AR-DAS page 48" href="http://viewer.zmags.com/publication/b8a0a6af?page=48"> us to material continuing risks, contingent liabi</a> <a title="GPN-20130918-AR-DAS page 49" href="http://viewer.zmags.com/publication/b8a0a6af?page=49"> Accounting estimates necessarily require</a> <a title="GPN-20130918-AR-DAS page 50" href="http://viewer.zmags.com/publication/b8a0a6af?page=50"> historically recovered 100% of the guaranteed che</a> <a title="GPN-20130918-AR-DAS page 51" href="http://viewer.zmags.com/publication/b8a0a6af?page=51"> We have six reporting units: North Ameri</a> <a title="GPN-20130918-AR-DAS page 52" href="http://viewer.zmags.com/publication/b8a0a6af?page=52"> determination of existence of needed technology a</a> <a title="GPN-20130918-AR-DAS page 53" href="http://viewer.zmags.com/publication/b8a0a6af?page=53"> subsidiary or group of assets that is a nonprofit</a> <a title="GPN-20130918-AR-DAS page 54" href="http://viewer.zmags.com/publication/b8a0a6af?page=54">ITEM 7A—QUANTITATIVE AND QUALITATIVE DISCLOSURES A</a> <a title="GPN-20130918-AR-DAS page 55" href="http://viewer.zmags.com/publication/b8a0a6af?page=55">ITEM 8—FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA</a> <a title="GPN-20130918-AR-DAS page 56" href="http://viewer.zmags.com/publication/b8a0a6af?page=56"> REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTIN</a> <a title="GPN-20130918-AR-DAS page 57" href="http://viewer.zmags.com/publication/b8a0a6af?page=57"> GLOBAL PAYMENTS INC. CONSOLI</a> <a title="GPN-20130918-AR-DAS page 58" href="http://viewer.zmags.com/publication/b8a0a6af?page=58"> GLOBA</a> <a title="GPN-20130918-AR-DAS page 59" href="http://viewer.zmags.com/publication/b8a0a6af?page=59"> GLOBAL PAYMENTS INC. CONSOLIDATED BAL</a> <a title="GPN-20130918-AR-DAS page 60" href="http://viewer.zmags.com/publication/b8a0a6af?page=60"> GLOBAL PAYMENTS INC. C</a> <a title="GPN-20130918-AR-DAS page 61" href="http://viewer.zmags.com/publication/b8a0a6af?page=61"> GLOBAL PAYME</a> <a title="GPN-20130918-AR-DAS page 62" href="http://viewer.zmags.com/publication/b8a0a6af?page=62"> GLOBAL PAYME</a> <a title="GPN-20130918-AR-DAS page 63" href="http://viewer.zmags.com/publication/b8a0a6af?page=63"> GLOBAL PAYME</a> <a title="GPN-20130918-AR-DAS page 64" href="http://viewer.zmags.com/publication/b8a0a6af?page=64"> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE </a> <a title="GPN-20130918-AR-DAS page 65" href="http://viewer.zmags.com/publication/b8a0a6af?page=65"> Inventory—Inventory, which includes electronic po</a> <a title="GPN-20130918-AR-DAS page 66" href="http://viewer.zmags.com/publication/b8a0a6af?page=66"> not reported losses by applying historical loss r</a> <a title="GPN-20130918-AR-DAS page 67" href="http://viewer.zmags.com/publication/b8a0a6af?page=67"> the amounts allocated to the assets and liabiliti</a> <a title="GPN-20130918-AR-DAS page 68" href="http://viewer.zmags.com/publication/b8a0a6af?page=68"> At May 31, 2013 and 2012, our consolidat</a> <a title="GPN-20130918-AR-DAS page 69" href="http://viewer.zmags.com/publication/b8a0a6af?page=69"> consecutive years of earnings out of the last ten</a> <a title="GPN-20130918-AR-DAS page 70" href="http://viewer.zmags.com/publication/b8a0a6af?page=70"> the specified effective date. Unless otherwise di</a> <a title="GPN-20130918-AR-DAS page 71" href="http://viewer.zmags.com/publication/b8a0a6af?page=71"> our initial estimate of fraud losses, fines and o</a> <a title="GPN-20130918-AR-DAS page 72" href="http://viewer.zmags.com/publication/b8a0a6af?page=72"> Funds settlement refers to the process o</a> <a title="GPN-20130918-AR-DAS page 73" href="http://viewer.zmags.com/publication/b8a0a6af?page=73"> present the individual components in the settleme</a> <a title="GPN-20130918-AR-DAS page 74" href="http://viewer.zmags.com/publication/b8a0a6af?page=74"> assumed based on their estimated fair values. The</a> <a title="GPN-20130918-AR-DAS page 75" href="http://viewer.zmags.com/publication/b8a0a6af?page=75"> forward contract. Accordingly as of July 26, 2012</a> <a title="GPN-20130918-AR-DAS page 76" href="http://viewer.zmags.com/publication/b8a0a6af?page=76"> HSBC Malta On December 30, 2011, we acq</a> <a title="GPN-20130918-AR-DAS page 77" href="http://viewer.zmags.com/publication/b8a0a6af?page=77"> The following table summarizes the purchase price</a> <a title="GPN-20130918-AR-DAS page 78" href="http://viewer.zmags.com/publication/b8a0a6af?page=78"> NOTE 6—GOODWILL AND INTANGIBLE ASSETS As of May </a> <a title="GPN-20130918-AR-DAS page 79" href="http://viewer.zmags.com/publication/b8a0a6af?page=79"> The estimated amortization expense of ac</a> <a title="GPN-20130918-AR-DAS page 80" href="http://viewer.zmags.com/publication/b8a0a6af?page=80"> Lines of Credit The Corporate Credit Fa</a> <a title="GPN-20130918-AR-DAS page 81" href="http://viewer.zmags.com/publication/b8a0a6af?page=81"> · Singapore—a revolving overdraft facility wit</a> <a title="GPN-20130918-AR-DAS page 82" href="http://viewer.zmags.com/publication/b8a0a6af?page=82"> On July 10, 2012 we repaid the outstandi</a> <a title="GPN-20130918-AR-DAS page 83" href="http://viewer.zmags.com/publication/b8a0a6af?page=83"> The following presents our income from c</a> <a title="GPN-20130918-AR-DAS page 84" href="http://viewer.zmags.com/publication/b8a0a6af?page=84"> The net deferred tax liability and asset is refle</a> <a title="GPN-20130918-AR-DAS page 85" href="http://viewer.zmags.com/publication/b8a0a6af?page=85"> A reconciliation of the beginning and en</a> <a title="GPN-20130918-AR-DAS page 86" href="http://viewer.zmags.com/publication/b8a0a6af?page=86"> subject to market conditions, business opportunit</a> <a title="GPN-20130918-AR-DAS page 87" href="http://viewer.zmags.com/publication/b8a0a6af?page=87"> Grants of restricted awards are subject </a> <a title="GPN-20130918-AR-DAS page 88" href="http://viewer.zmags.com/publication/b8a0a6af?page=88"> The following is a summary of our stock option ac</a> <a title="GPN-20130918-AR-DAS page 89" href="http://viewer.zmags.com/publication/b8a0a6af?page=89"> year and the annualized amount of our current qua</a> <a title="GPN-20130918-AR-DAS page 90" href="http://viewer.zmags.com/publication/b8a0a6af?page=90"> The following table is the reconciliatio</a> <a title="GPN-20130918-AR-DAS page 91" href="http://viewer.zmags.com/publication/b8a0a6af?page=91"> Information on segments, including reven</a> <a title="GPN-20130918-AR-DAS page 92" href="http://viewer.zmags.com/publication/b8a0a6af?page=92"> Future minimum lease payments for all non-cancela</a> <a title="GPN-20130918-AR-DAS page 93" href="http://viewer.zmags.com/publication/b8a0a6af?page=93"> NOTE 16—QUARTERLY CONSOLIDATED FINANCIAL INFORMAT</a> <a title="GPN-20130918-AR-DAS page 94" href="http://viewer.zmags.com/publication/b8a0a6af?page=94"> GLOBAL PAYMENTS INC. SCHEDULE II V</a> <a title="GPN-20130918-AR-DAS page 95" href="http://viewer.zmags.com/publication/b8a0a6af?page=95">ITEM 9—CHANGES IN AND DISAGREEMENTS WITH ACCOUNTAN</a> <a title="GPN-20130918-AR-DAS page 96" href="http://viewer.zmags.com/publication/b8a0a6af?page=96">PART III ITEM 10—DIRECTORS, EXECUTIVE OFFICERS </a> <a title="GPN-20130918-AR-DAS page 97" href="http://viewer.zmags.com/publication/b8a0a6af?page=97"> Name </a> <a title="GPN-20130918-AR-DAS page 98" href="http://viewer.zmags.com/publication/b8a0a6af?page=98">ITEM 11—EXECUTIVE COMPENSATION We inco</a> <a title="GPN-20130918-AR-DAS page 99" href="http://viewer.zmags.com/publication/b8a0a6af?page=99">PART IV ITEM 15—EXHIBITS, FINANCIAL STATEMENT S</a> <a title="GPN-20130918-AR-DAS page 100" href="http://viewer.zmags.com/publication/b8a0a6af?page=100"> 10.7* First Amendment to Amended and Resta</a> <a title="GPN-20130918-AR-DAS page 101" href="http://viewer.zmags.com/publication/b8a0a6af?page=101"> 10.30 Form of Marketing Alliance Agreement</a> <a title="GPN-20130918-AR-DAS page 102" href="http://viewer.zmags.com/publication/b8a0a6af?page=102"> 10.51* Term Loan Agreement among Global Paym</a> <a title="GPN-20130918-AR-DAS page 103" href="http://viewer.zmags.com/publication/b8a0a6af?page=103">SIGNATURES Pursuant to the requirement</a> <a title="GPN-20130918-AR-DAS page 104" href="http://viewer.zmags.com/publication/b8a0a6af?page=104"> GLOBAL PAYMENTS INC. FORM 10-K </a> <a title="GPN-20130918-AR-DAS page 105" href="http://viewer.zmags.com/publication/b8a0a6af?page=105"> Exhibit 21 LIST OF SUBSIDIARIES Global Payments</a> <a title="GPN-20130918-AR-DAS page 106" href="http://viewer.zmags.com/publication/b8a0a6af?page=106"> </a> <a title="GPN-20130918-AR-DAS page 107" href="http://viewer.zmags.com/publication/b8a0a6af?page=107"> Exhibit 23.1 CONSENT OF INDEPENDENT REGISTERED P</a> <a title="GPN-20130918-AR-DAS page 108" href="http://viewer.zmags.com/publication/b8a0a6af?page=108"> Exhibit 31.1 </a> <a title="GPN-20130918-AR-DAS page 109" href="http://viewer.zmags.com/publication/b8a0a6af?page=109"> Exhibit 31.2 </a> <a title="GPN-20130918-AR-DAS page 110" href="http://viewer.zmags.com/publication/b8a0a6af?page=110"> Exhibit 32.1 CERTIFICATION PURSUANT TO 18 U.S.C.</a> <a title="GPN-20130918-AR-DAS page 111" href="http://viewer.zmags.com/publication/b8a0a6af?page=111">$2,375.9 $2,203.8 $1,859.8 </a> <a title="GPN-20130918-AR-DAS page 112" href="http://viewer.zmags.com/publication/b8a0a6af?page=112">SHAREHOLDER Annual Report on Form 10-K </a>