The slumping global economy prompted Global Payments Inc. to take an impairment charge for its money transfer business, driving the Atlanta processor into the red in its fiscal third quarter, which ended Feb. 28.

Global Payments reported last week that its revenue rose 26% from a year earlier, to $392.7 million. It posted a net loss of $106.8 million, versus a profit of $40.1 million a year earlier, largely as a result of the $148 million noncash goodwill impairment in its transfer operations.

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