Exhibit 99.1

Global Payments Reports Third Quarter Earnings

ATLANTA, March 27, 2008 — Global Payments Inc. (NYSE: GPN) today announced results for its third quarter ended February 29, 2008. For the third quarter, revenue grew 19 percent to $310.6 million compared to $260.4 million in the prior year. Excluding the favorable impact of a non-recurring, non-cash operating tax item (included in sales, general and administrative expenses), diluted earnings per share grew 5 percent to $0.44 compared to $0.42 in the prior year quarter.

For the nine months ended February 29, 2008, revenue grew 19 percent to $930.4 million compared to $781.4 million in the prior year period. Excluding the impact of current period restructuring charges and the operating tax item described above, diluted earnings per share grew 9 percent to $1.46 from $1.34 in the prior year period.

In accordance with GAAP, the current quarter and year-to-date periods include restructuring charges and the operating tax item described above (see attached reconciliation schedule). These items are reflected in our GAAP diluted earnings per share amounts. For the three and nine months ended February 29, 2008, GAAP diluted earnings per share were $0.50 and $1.51, respectively, compared to $0.42 and $1.34, respectively, in the prior year comparable periods.

Comments and Outlook

Chairman, President and CEO, Paul R. Garcia, stated, “We delivered solid financial results for our fiscal third quarter, largely driven by our merchant services segment. Our

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GPN Reports Third Quarter Earnings

March 27, 2008

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domestic ISO channel continues to favorably impact our financial results through organic expansion. Our growth also continues to benefit from favorable currency exchange rates in both Canada and the Czech Republic. I am also very pleased with the strong revenue growth from our Asia-Pacific joint venture with HSBC.”

“Based on these results and trends, we are providing annual fiscal 2008 revenue guidance of $1,250 million to $1,260 million. This revenue guidance reflects an expected 18 percent to 19 percent growth versus $1,061.5 million in fiscal 2007. In addition, we are providing annual fiscal 2008 diluted earnings per share guidance of $1.95 to $1.97, or 10 percent to 11 percent growth versus $1.77 in fiscal 2007. ¹ This includes the impact of stock option expenses as a result of our June 1, 2006 adoption of FAS 123R. Our guidance excludes the impact of future significant acquisitions, and these earnings per share ranges exclude the impact of the operating tax item described above, in addition to restructuring and other charges,” said Garcia.

Conference Call

Global Payments will hold a conference call today, March 27, 2008 at 5:00 p.m. ET to discuss financial results and business highlights. The conference call may be accessed by calling 1-888-599-4884 (U.S. and Canada) or 1-913-312-0961 (outside U.S. and Canada) and using a pass code of “GPN” for both numbers, or via Web cast at www.globalpaymentsinc.com. A replay of the call will be available on the Global Payments Web site through April 10, 2008.

¹ Fiscal 2007 diluted earnings per share was $1.75 on a GAAP basis, which includes restructuring and other charges equivalent to $0.02 in diluted earnings per share.

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GPN Reports Third Quarter Earnings

March 27, 2008

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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. 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 U.S. and Europe to destinations in Latin America, Morocco and the Philippines. For more information about the company and its services, visit www.globalpaymentsinc.com.

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This announcement and comments made by Global Payments’ management during the conference call 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: continued certification by credit card associations, foreign currency risks, competition and pricing, product demand, market and customer acceptance, development difficulties, the effect of economic conditions and consumer spending, security breaches or system failures, costs of capital, changes in immigration patterns, changes in state, federal or foreign laws and regulations affecting the electronic money transfer industry, increases in credit card association fees, utility or system interruptions, the ability to consummate and integrate acquisitions, 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.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

	Three Months Ended February 29/28,
	2008			2007
Revenues	$	310,641		$	260,418
Operating expenses:
Cost of service		117,661			103,555
Sales, general and administrative		133,069			105,670
		250,730			209,225
Operating income		59,911			51,193
Other income (expense):
Interest and other income		4,767			4,728
Interest and other expense		(2,198	)		(2,399	)
		2,569			2,329
Income before income taxes and minority interest		62,480			53,522
Provision for income taxes		(19,265	)		(17,148	)
Minority interest, net of tax		(3,160	)		(2,078	)
Net income	$	40,055		$	34,296
Earnings per share:
Basic	$	0.51		$	0.43
Diluted	$	0.50		$	0.42
Weighted average shares outstanding:
Basic		79,219			80,421
Diluted		80,650			81,972

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

	Nine Months Ended February 29/28,
	2008			2007
Revenues	$	930,397		$	781,423
Operating expenses:
Cost of service		350,483			307,511
Sales, general and administrative		394,023			306,889
Restructuring		1,317			—
		745,823			614,400
Operating income		184,574			167,023
Other income (expense):
Interest and other income		14,643			12,052
Interest and other expense		(5,339	)		(6,298	)
		9,304			5,754
Income before income taxes and minority interest		193,878			172,777
Provision for income taxes		(64,071	)		(55,749	)
Minority interest, net of tax		(7,864	)		(7,221	)
Net income	$	121,943		$	109,807
Earnings per share:
Basic	$	1.53		$	1.37
Diluted	$	1.51		$	1.34
Weighted average shares outstanding:
Basic		79,584			80,098
Diluted		81,023			81,756

CONSOLIDATED CONDENSED BALANCE SHEETS

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

	February 29, 2008		May 31, 2007
	(Unaudited)
Assets
Cash and cash equivalents	$	388,467	$	308,872
Accounts receivable, net		83,209		76,168
Claims receivable, net		2,296		2,187
Settlement processing assets		15,647		32,853
Other current assets		39,153		24,349
Current assets		528,772		444,429
Property and equipment, net		134,695		118,495
Goodwill		472,543		451,244
Other intangible assets, net		176,555		175,620
Other assets		13,204		10,841
Total assets	$	1,325,769	$	1,200,629
Liabilities and Shareholders’ Equity
Lines of credit	$	1,126	$	—
Settlement processing obligations		33,643		20,617
Payable to money transfer beneficiaries		7,594		6,589
Accounts payable and other accrued liabilities		126,695		115,671
Current liabilities		169,058		142,877
Other long-term liabilities		82,431		85,043
Total liabilities		251,489		227,920
Minority interest in equity of subsidiaries		16,129		14,933
Shareholders’ equity		1,058,151		957,776
Total liabilities and shareholders’ equity	$	1,325,769	$	1,200,629

UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOW

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

	Nine Months Ended February 29/28,
	2008			2007
Cash flows from operating activities:
Net income	$	121,943		$	109,807
Non-cash items
Depreciation and amortization		32,220			30,344
Minority interest in earnings		7,794			7,664
Other, net		22,217			18,586
Changes in working capital, which provided (used) cash
Settlement processing assets and obligations, net		26,297			21,608
Other, net		(26,561	)		(24,081	)
Net cash provided by operating activities		183,910			163,928
Cash flows from investing activities:
Capital expenditures		(31,926	)		(23,234	)
Business and intangible asset acquisitions		(12,051	)		(80,230	)
Net cash used in investing activities		(43,977	)		(103,464	)
Cash flows from financing activities:
Net borrowings on lines of credit		1,126			—
Principal payments under capital leases		—			(746	)
Repurchase of common stock		(87,020	)		—
Net proceeds under share-based compensation plans and dividends		17,829			17,263
Distributions to minority interests, net		(7,085	)		(6,751	)
Net cash (used in) provided by financing activities		(75,150	)		9,766
Effect of exchange rate changes on cash		14,812			3,354
Increase in cash and cash equivalents		79,595			73,584
Cash and cash equivalents, beginning of period		308,872			218,475
Cash and cash equivalents, end of period	$	388,467		$	292,059

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

Reconciliation to Exclude an Operating Tax Item from Normalized Results

(In thousands, except per share data)

Three Months Ended February 29/28,	2008									2007
	Normalized			Operating Tax Item1			GAAP			GAAP
Revenues	$	310,641		$	—		$	310,641		$	260,418
Operating expenses:
Cost of service		117,661			—			117,661			103,555
Sales, general and administrative		140,117			(7,048	)		133,069			105,670
		257,778			(7,048	)		250,730			209,225
Operating income		52,863			7,048			59,911			51,193
Other income/(expense):
Interest and other income		4,767			—			4,767			4,728
Interest and other expense		(2,198	)		—			(2,198	)		(2,399	)
		2,569			—			2,569			2,329
Income before income taxes		55,432			7,048			62,480			53,522
Provision for income taxes		(16,936	)		(2,329	)		(19,265	)		(17,148	)
Minority interest, net of tax		(3,160	)		—			(3,160	)		(2,078	)
Net income	$	35,336		$	4,719		$	40,055		$	34,296
Diluted shares		80,650			—			80,650			81,972
Diluted earnings per share	$	0.44		$	0.06		$	0.50		$	0.42

¹ Relates to the favorable impact of a non-recurring, non-cash operating tax item included in sales, general and administrative expenses. We define operating taxes as those that are unrelated to income taxes, such as sales and property taxes. During the three months ended February 29, 2008, we determined that a contingent liability relating to an operating tax item was no longer deemed probable. As such, we released the related liability. Also reflects the related income tax benefit using the company’s effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

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

(In thousands, except per share data)

Nine Months Ended February 29/28,	2008												2007
	Normalized			Restructuring1			Operating Tax Item2			GAAP			GAAP
Revenues	$	930,397		$	—		$	—		$	930,397		$	781,423
Operating expenses:
Cost of service		350,483			—			—			350,483			307,511
Sales, general and administrative		401,071			—			(7,048	)		394,023			306,889
Restructuring		—			1,317			—			1,317			—
		751,554			1,317			(7,048	)		745,823			614,400
Operating income		178,843			(1,317	)		7,048			184,574			167,023
Other income/(expense):
Interest and other income		14,643			—			—			14,643			12,052
Interest and other expense		(5,339	)		—			—			(5,339	)		(6,298	)
		9,304			—			—			9,304			5,754
Income before income taxes		188,147			(1,317	)		7,048			193,878			172,777
Provision for income taxes		(62,191	)		449			(2,329	)		(64,071	)		(55,749	)
Minority interest, net of tax		(7,864	)		—			—			(7,864	)		(7,221	)
Net income	$	118,092		$	(868	)	$	4,719		$	121,943		$	109,807
Diluted shares		81,023			—			—			81,023			81,756
Diluted earnings per share	$	1.46		$	(0.01	)	$	0.06		$	1.51		$	1.34

¹ Restructuring charges consist of employee termination benefits relating to a facility closure. Also reflects the related income tax benefit using the company’s effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest.

² Relates to the favorable impact of a non-recurring, non-cash operating tax item included in sales, general and administrative expenses. We define operating taxes as those that are unrelated to income taxes, such as sales and property taxes. During the nine months ended February 29, 2008, we determined that a contingent liability relating to an operating tax item was no longer deemed probable. As such, we released the related liability. Also reflects the related income tax benefit using the company’s effective tax rate, which is defined as the provision for income taxes divided by income before income taxes and minority interest.

SEGMENT INFORMATION

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

	Three Months Ended February 29/28,
	2008			2007
Revenues
Domestic direct	$	171,372		$	135,896
Canada		61,256			54,630
Asia-Pacific		18,977			14,737
Central and Eastern Europe		14,455			12,244
Domestic indirect and other		10,666			11,564
Merchant services		276,726			229,071
Domestic		28,007			26,903
Europe		5,908			4,444
Money transfer		33,915			31,347
Total revenues	$	310,641		$	260,418
Operating income
Merchant services1	$	72,118		$	62,033
Money transfer		1,156			2,249
Corporate		(13,363	)		(13,089	)
Operating income	$	59,911		$	51,193

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.

SEGMENT INFORMATION

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

	Nine Months Ended February 29/28,
	2008			2007
Revenues
Domestic direct	$	504,709		$	403,860
Canada		193,705			170,314
Asia-Pacific		53,467			35,072
Central and Eastern Europe		42,365			38,767
Domestic indirect and other		32,894			35,178
Merchant services		827,140			683,191
Domestic		86,003			86,093
Europe		17,254			12,139
Money transfer		103,257			98,232
Total revenues	$	930,397		$	781,423
Operating income
Merchant services1	$	219,316		$	196,275
Money transfer		6,117			10,995
Corporate		(39,542	)		(40,247	)
Restructuring		(1,317	)		—
Operating income	$	184,574		$	167,023

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.