V-ECON Audit — WorldPay

Audit Phase: V-ECON (Economic Forensics) Research Date: 2026-05-01 Status: Based on training-data sources through April 2026. Live web search was unavailable; evidence gaps are noted throughout.

Supply Chain & Sourcing Relationships

Direct Supplier Relationships

WorldPay is a payment processing and technology company — not a retailer, grocer, food importer, or physical goods trader. No public evidence has been identified of WorldPay sourcing, purchasing, or importing Israeli agricultural products (Medjool dates, avocados, citrus, herbs, or potatoes) from any supplier, including Mehadrin, Hadiklaim, Galilee Export, or any successor to Agrexco. No commercial relationship between WorldPay and any Israeli agricultural aggregator or exporter appears in corporate filings, NGO supply-chain databases (Who Profits, Corporate Occupation), UK Companies House records, or US SEC filings reviewed for this audit.

Importer of Record Structure

No public evidence identified. WorldPay does not operate as an importer of goods and maintains no documented import entity structure in any jurisdiction reviewed.

Seasonal Sourcing Patterns

No public evidence identified. Not applicable to WorldPay’s business model.

Third-Party & Indirect Sourcing (Technology Supply Chain)

WorldPay’s supply chain exposure relevant to this audit is limited to its upstream technology vendor relationships, several of which involve Israeli-founded or Israeli-headquartered firms. These relationships are commercial software and API integrations rather than goods sourcing.

• Forter (fraud prevention): WorldPay’s developer documentation includes a Worldpay Payment Webhook integration at api.forter-secure.com/webhooks/worldpay¹, constituting confirmed primary-source evidence of a live API integration between WorldPay’s transaction processing infrastructure and Forter’s fraud decision engine. A joint public announcement confirmed a partnership between WorldPay and Forter specifically to address cryptocurrency exchange fraud²³. Forter is co-headquartered in New York and Tel Aviv, with substantial R&D operations in Tel Aviv. Relationship status: Active as of the most recent documentation access date.

• Riskified (fraud prevention): Riskified (NYSE: RSKD) maintains a partner network listing⁴, and WorldPay’s product documentation references third-party fraud decisioning integrations⁵⁶. Riskified is headquartered in Tel Aviv and New York with primary R&D in Tel Aviv. However, no confirmed primary Worldpay–Riskified joint announcement was independently reviewed in training data; Riskified’s partner page does not specifically name WorldPay in reviewed materials. Relationship status: Unverified — not confirmed by a primary bilateral source.

• ThetaRay (AML compliance): ThetaRay maintains a partner program page⁷; however, no primary source confirming WorldPay or Global Payments as a named ThetaRay customer or partner was identified in training data. A YouTube reference associates ThetaRay with ClearBank, not WorldPay⁸. ThetaRay is an Israeli-founded company (Petah Tikva / New York). Relationship status: No public evidence identified of a WorldPay–ThetaRay relationship.

• Trulioo (identity verification): A confirmed joint press release documents a WorldPay–Trulioo collaboration on identity verification for the “Agentic Commerce Era”⁹. Trulioo is a Canadian company (Vancouver); this relationship does not represent Israeli supply-chain exposure.

• OpenAI (agentic commerce): WorldPay announced participation in OpenAI’s Agentic Commerce Protocol¹⁰. OpenAI is a US company; no Israeli exposure arises from this relationship.

Product Origin, Labeling & Regulatory Compliance

Settlement-Origin Products

No public evidence identified that WorldPay itself sells, imports, labels, or distributes goods from any origin, including goods from Israeli-occupied territories. WorldPay provides payment infrastructure and does not manufacture, brand, or distribute physical goods in any publicly documented capacity.

Downstream Merchant Settlement Exposure

While WorldPay does not itself sell goods, its payment processing services are available to merchants who may sell products originating in Israeli settlements. Evidence in this area is indirect and derived from third-party technology detection data rather than contractual confirmation:

• Psagot Winery: Psagot Winery is located in the Psagot settlement in the Occupied West Bank¹¹. Its wines are commercially available through US distributors including KosherWine.com¹² and WineWarehouseStore.com¹³. A third-party technology intelligence report (StoreLeads) lists e-commerce stores using WorldPay in Israel¹⁴; the prior research layer identifies specific Israeli e-commerce sites (including iwinebroker.com) as WorldPay users based on observable checkout-script detection. Whether those sites actively sell Psagot or other settlement-origin wines is an additional inferential step not confirmed by a primary source. Relationship status: indirectly supported by third-party script detection data¹⁴; no direct contractual confirmation is available.

• Barkan Winery: Barkan Winery is Israel’s second-largest winery and is associated with the Barkan Industrial Park in the West Bank¹¹¹⁵. Its wines are internationally distributed by Royal Wine Corp¹⁵. No primary source confirming WorldPay as the payment processor for Barkan’s direct sales channel or its US distributors was reviewed. Relationship status: No public evidence identified for a direct WorldPay–Barkan processing relationship.

• Adanim Tea / IsraelCart: IsraelCart.com lists Adanim Tea as a product¹⁶. A direct WorldPay–IsraelCart payment processing relationship is unverified; no primary or confirmed secondary source was identified in training data.

Labeling Compliance

No public evidence identified of any DEFRA, EU, or US customs enforcement action against WorldPay regarding country-of-origin labeling. WorldPay is not subject to goods-labeling regulations in any documented public record, consistent with its role as a payments infrastructure provider.

Corporate Policy on Occupied-Territory Goods

No public evidence identified. WorldPay has no disclosed policy on sourcing or labeling of goods from occupied territories. No ESG or sustainability report from WorldPay or its parent Global Payments was identified in training-data reviewed materials that addresses this topic.

Investment, Capital & Financial Exposure

Ownership Structure & Beneficial Owners

WorldPay’s ownership has undergone significant transformation between 2023 and January 2026:

• Pre-January 2026: GTCR held a 55% majority stake in WorldPay following its acquisition from FIS in July 2023; FIS retained 45%¹⁷. This structure is confirmed by primary press releases.
• January 2026 close: Global Payments Inc. acquired WorldPay from GTCR and FIS in a transaction announced in 2025¹⁸¹⁹. GTCR retained a 15% equity stake in the combined Global Payments/WorldPay entity²⁰²¹. FIS simultaneously divested its WorldPay interest and acquired Global Payments’ Issuer Solutions (TSYS) business for $13.5 billion²². FIS holds no WorldPay equity as of January 2026.
• The current beneficial owner of WorldPay is therefore Global Payments Inc. (Georgia, USA), a US-domiciled, NYSE-listed payments technology company, with a 15% minority position held by GTCR’s fund structures²⁰.

Foreign Direct Investment — Israel

• T.S.Y.S. Production Services Ltd.: The Israel Companies Authority (via North Data) records a registered corporate entity, T.S.Y.S. Production Services Ltd., incorporated in Tel Aviv-Yafo, Israel²³. TSYS (Total System Services) was a subsidiary of Global Payments prior to the January 2026 Issuer Solutions divestiture to FIS²². Whether this entity transferred to FIS as part of the Issuer Solutions deal or remained within the Global Payments/WorldPay corporate family is unknown based on available public evidence.
• Global Payments physical presence in Israel: Global Payments’ locations page lists offices across multiple countries²⁴, and career portal data shows active recruitment for technical roles in Israeli cities including Yavne, Beer Ya’acov, and Holon²⁵. These data points are consistent with an active operational workforce in Israel. However, the specific office addresses, lease terms, and functional classification (sales versus R&D versus operations) are not confirmed by primary corporate filings independently reviewed.
• WorldPay (standalone, 2023–2025): No independent evidence in training data identifies WorldPay (as the standalone FIS/GTCR entity prior to the Global Payments merger) as having maintained direct capital investments, owned or leased facilities, or operated data centers in Israel or occupied territories in its own name.

R&D & Innovation Centres

Career portal listings²⁵ show active technical job openings (electronics engineer, cyber systems engineer, Java developer) under the Global Payments / TSYS brand in Israeli cities, which is consistent with an active technical workforce but does not confirm a formally designated “R&D center.” The T.S.Y.S. Production Services Ltd. entity²³ is registered and consistent with operational presence; however, its specific operational functions are not described in the registry entry. The classification of Global Payments’ Israeli offices as “R&D centers” is not confirmed by a primary corporate filing reviewed in training data.

GTCR Portfolio Exposure to Israel

GTCR’s retention of 15% equity in the post-merger Global Payments/WorldPay entity²⁰ means GTCR’s fund structures simultaneously hold WorldPay equity and previously held Israeli industrial assets through other portfolio companies:

• GTCR-backed Resonetics acquired STI Laser Industries, located in Or Akiva, Israel, in 2018²⁶. STI Laser specializes in nitinol shape-setting and laser processing for medical devices. This acquisition predates GTCR’s WorldPay investment.
• Carlyle subsequently co-invested in Resonetics alongside GTCR²⁷, potentially altering GTCR’s proportional exposure, though no public divestiture of STI Laser by GTCR was identified in training data. Current status: unknown.
• The same GTCR fund structures that hold WorldPay equity therefore have documented portfolio exposure to an Israeli-domiciled industrial company. Whether these fund economics are commingled (cross-collateralizing) is an interpretive question about private equity fund mechanics that cannot be resolved from public disclosures.

Portfolio & Sovereign Fund Exposure

No public evidence identified of WorldPay, Global Payments, GTCR, or FIS holding Israeli sovereign bonds, Israel-focused investment funds, or Israeli government securities in any publicly disclosed filing reviewed in training data.

Operational Presence & Market Activity

Physical Footprint

• T.S.Y.S. Production Services Ltd. (Tel Aviv-Yafo): A confirmed registered entity in Israel per North Data / Israel Companies Authority²³, within the Global Payments corporate family. Post-Issuer Solutions divestiture status is unknown.
• Active ILS settlement capability: WorldPay’s developer hub explicitly documents Israel (ILS) domestic payment support, specifying a 23-character IBAN format and a settlement cut-off time of 11:00 UK time for T+1 delivery²⁸²⁹. This is confirmed from primary technical documentation and implies a functional operational capability — either through a local entity, a correspondent banking arrangement, or a licensed local partner — to clear and settle payments in Israeli New Shekels. The documentation does not name the specific Israeli correspondent bank or clearing mechanism.
• Career portal data: Active job listings under the Global Payments / TSYS brand in Israeli cities including Yavne, Beer Ya’acov, and Holon²⁵ indicate an ongoing technical and operational workforce as of the data access date.
• No public evidence identified of WorldPay (as a standalone brand) operating retail locations, dedicated sales offices, warehouses, or data centers in occupied territories.

Israeli Banking Infrastructure & Clearing Rails

Any entity requiring domestic ILS settlement — including WorldPay — must interface with Israel’s domestic clearing infrastructure, which is dominated by the major Israeli banks. Key contextual facts about those institutions:

• Bank Hapoalim has been listed in the UN Human Rights Council database for financing settlement construction in the West Bank³⁰. Bank Hapoalim paid $874 million to the US Department of Justice in 2020 for conspiring with US taxpayers to conceal offshore accounts³¹. Bank Hapoalim paid an additional $30 million to the DOJ in 2020 for its role in the FIFA money-laundering conspiracy³². Bank Hapoalim was the first Israeli bank to adopt SWIFT gpi³³.
• Bank Leumi is also listed in the UN Human Rights Council database for West Bank settlement financing³⁰.
• No primary source confirming a named correspondent banking agreement or vostro account arrangement between WorldPay and Bank Hapoalim or Bank Leumi was reviewed in training data. A Gornitzky law firm article cited in prior research³⁴ relates to the Max IT Finance acquisition by a Warburg Pincus-backed entity and does not support any claimed WorldPay–Hapoalim relationship. That specific claim is not verified.

Isracard / Mastercard Clearing

Isracard is the dominant domestic clearer for Mastercard transactions in Israel³⁵³⁶³⁷. WorldPay is a major global Mastercard acquirer. The inference that WorldPay’s Israeli Mastercard transactions route through Isracard is operationally reasonable given Isracard’s market position but is not confirmed by a primary bilateral agreement reviewed in training data.

E-Commerce Merchant Base in Israel

A third-party technology intelligence report (StoreLeads) identifies e-commerce stores in Israel using WorldPay payment technology¹⁴, consistent with WorldPay having an active merchant base in the Israeli market. This data is derived from observable checkout-script detection and reflects WorldPay’s functional market presence, though it does not constitute a registry of merchant contracts.

Market Positioning

No public evidence identified of WorldPay or Global Payments characterizing the Israeli market as a “strategic growth market,” “regional hub,” or any other specific designation in annual reports, investor presentations, or press releases reviewed in training data. Israel is not broken out as a named geographic segment in any Global Payments annual report section reviewed.

Corporate Structure & Foundational Ties

Founding & Incorporation History

WorldPay was not founded in Israel. Its origins trace to Streamline, a UK payment processing business established in the 1990s, subsequently acquired by NatWest, then Royal Bank of Scotland, spun off as Worldpay Group plc (listed on the London Stock Exchange), acquired by Vantiv (US) in 2018, then by FIS in 2019, partially sold to GTCR in 2023¹⁷, and ultimately acquired by Global Payments Inc. in January 2026²¹²⁰²². No Israeli-origin operations, technology, or brand identity form any part of WorldPay’s founding or developmental history.

Headquarters & Domicile

• WorldPay (brand): Operationally headquartered in London, UK and Cincinnati, Ohio, USA (legacy). Post-merger, the combined entity operates under Global Payments Inc., incorporated and headquartered in Atlanta, Georgia, USA²¹¹⁸.
• No dual or legacy headquarters in Israel has been identified in any public filing. No Israeli incorporation of the WorldPay brand entity has been identified.

State & Institutional Linkages

No public evidence identified of any Israeli state ownership stake, Israeli government board appointees, Israeli government contracts, or Israeli critical-national-infrastructure designation for WorldPay or its immediate parent Global Payments. Bank Hapoalim, referenced in prior research as a banking counterparty, is a privately listed commercial bank — not a state-owned enterprise³³. Its UN Human Rights Council listing³⁰ relates to its settlement-financing activities, not to any state ownership of WorldPay.

Structural Governance Features

No public evidence identified of golden shares, founder shares, charter restrictions, government consent provisions, or other governance mechanisms tying WorldPay’s board, ownership, or operational decisions to the Israeli state or any Israeli public institution.

Activist & BDS Landscape

WorldPay and Global Payments do not appear by name on the USCPR 2025 BDS boycott list³⁸ based on reviewed training-data materials. BDS movement documentation³⁹⁴⁰ focuses on financial institutions and technology companies with direct Israeli military or settlement construction contracts; no WorldPay-specific BDS campaign action was identified in reviewed sources. This observation reflects the absence of evidence in reviewed materials and should not be taken as a definitive clearance.

Profit Repatriation & Economic Contribution

Revenue Attribution

No public evidence identified of WorldPay or Global Payments disclosing a revenue figure specifically attributed to Israel as a named geographic market. Global Payments reports revenue in broad geographic segments — North America; Europe; and Other — in its annual filings; Israel is not broken out as a named sub-segment in any reviewed filing. The Israeli market’s financial materiality to WorldPay cannot be quantified from public disclosures.

Profit Flow Structure

• WorldPay’s profits flow to its US-domiciled parent, Global Payments Inc. (Atlanta, Georgia), and secondarily to minority shareholder GTCR (a US-domiciled private equity firm with a 15% stake)²⁰. Profits do not flow to an Israeli-domiciled parent or beneficial owner.
• The T.S.Y.S. Production Services Ltd. subsidiary in Israel²³, to the extent it generates operating income, would remit profits to its US-domiciled Global Payments parent, representing an outward profit flow from Israel to the United States — not an inward flow benefiting Israeli state or private owners.
• GTCR’s 15% equity position²⁰ means a portion of any distributions from the merged entity flows to GTCR’s US-based fund structures, which hold documented portfolio exposure to Israeli industrial assets (STI Laser Industries via Resonetics²⁶) alongside the WorldPay stake.

Economic Ecosystem Role

No public evidence identified of any Israeli government designation, industry report, or academic assessment characterizing WorldPay or Global Payments as a key employer, sector anchor, critical infrastructure provider, or strategically significant company within the Israeli domestic economy. The staffing and entity registration evidence²³²⁵ is consistent with WorldPay’s parent being an active participant in Israel’s fintech labor market, but no formal economic significance designation has been identified in reviewed materials.

Tax Contribution

T.S.Y.S. Production Services Ltd.²³, as a registered Israeli corporate entity, would be subject to Israeli corporate tax obligations; however, the quantum of any tax payments is not publicly disclosed. No Israeli tax-authority disclosure or corporate filing quantifying WorldPay’s or Global Payments’ Israeli tax contributions was identified in training data.

End Notes