Global Payments Inc (GPN) Fiscal 2015 Second Quarter Conference Call Transcript

We also are taking some things that we’ve been discussing, at least in this room in which I’m sitting now, as long-term initiatives, bringing them forward a little bit as well. Things like re-engineering the way we interact with customers themselves to drive both a better customer experience, as well as drive improved opportunities for compliance, and also improved economies over some period of time, renewed focus on organic growth to the extent we can with better tooling and better product drive more and more organic growth.

These are all sort of examples of investments that we have brought forward or initiated in the last few months that we had on the drawing board for the future that will help us drive long-term growth and help sustain the model development the way Cameron has described it to you this morning.

Tim Willi

Great! Thanks very much for the thoughts guys.

Jeffrey S. Sloan

Thanks Tim.

Cameron M. Bready

Thanks Tim.

Operator

Thank you. Our last question is from Tom McCrohan of Sterne Agee. You may begin.

Thomas McCrohan, Managing Director, Research Department of the Equity Capital Markets Division, Sterne Agee

Hi guys and apology if this question was already asked. But could you just give us a feel for the impact this quarter on the lower oil prices, and how we should be thinking about that going forward in certain markets such as Canada? Thanks.

Jeffrey S. Sloan

Hey, Tom, it’s Jeff. So, we answered that a little bit, but not probably as head-on as you just asked it. I would say in all of our markets, we are a GD plus derivative business, meaning we should grow north of GDP. We look really at the Visa and MasterCard and local statistics on a transactional basis is — what the target is for our rate of growth.