<SUBMISSION>
<ACCESSION-NUMBER>0001019687-02-000348
<TYPE>5
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20011231
<FILING-DATE>20020312
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>GLOBAL PAYMENTS INC
<CIK>0001123360
<ASSIGNED-SIC>4822
<IRS-NUMBER>582567903
<STATE-OF-INCORPORATION>GA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>5
<ACT>34
<FILE-NUMBER>001-16111
<FILM-NUMBER>02573259
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>FOUR CORPORATE SQUARE
<CITY>ATLANTA
<STATE>GA
<ZIP>30329
<PHONE>4047282363
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>FOUR CORPORATE SQUARE
<CITY>ATLANTA
<STATE>GA
<ZIP>30329
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<REPORTING-OWNER>
<COMPANY-DATA>
<CONFORMED-NAME>CANADIAN IMPERIAL BANK OF COMMERCE /CAN/
<CIK>0001045520
<ASSIGNED-SIC>6029
<RELATIONSHIP>OWNER
<IRS-NUMBER>00000
<FISCAL-YEAR-END>1031
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>5
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>PO BOX 770, SUITE 4440
<STREET2>BCE PLACE, 181 BAY STREET
<CITY>TORONTO ONTARIO
<STATE>A6
<PHONE>2128563612
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>COMMERCE CT
<CITY>TORONTO ONTARIO
<STATE>A6
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>cibc_f5-123101.txt
<TEXT>
<PAGE>

                                                  ------------------------------
                                                          OMB APPROVAL
                                                  ------------------------------
                                                  OMB Number           3235-0362
                                                  Expires:     December 31, 2002
                                                  Estimated average burden
                                                  hours per response ....... 1.0
                                                  ------------------------------


                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 5

               ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[_]  Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

[X]  Form 3 Holdings Reported

[_]  Form 4 Transactions Reported

________________________________________________________________________________
1.   Name and Address of Reporting Person*

Canadian Imperial Bank of Commerce ("CIBC")
________________________________________________________________________________
   (Last)                            (First)              (Middle)

Commerce Court West, 181 Bay Street
________________________________________________________________________________
                                    (Street)

Toronto, Ontario, Canada M5L 1A2
________________________________________________________________________________
   (City)                            (State)                (Zip)


________________________________________________________________________________
2.   Issuer Name and Ticker or Trading Symbol

Global Payments Inc. ("GPI")
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)

582567903
________________________________________________________________________________
4.   Statement for Month/Year

December / 2001
________________________________________________________________________________
5.   If Amendment, Date of Original (Month/Year)


________________________________________________________________________________
6.   Relationship of Reporting Person(s) to Issuer
     (Check all applicable)

     [_]  Director                             [X]  10% Owner
     [_]  Officer (give title below)           [_]  Other (specify below)

________________________________________________________________________________
7.   Individual or Joint/Group Filing
     (Check applicable line)

     [X]  Form Filed by One Reporting Person
     [_]  Form Filed by More than One Reporting Person
________________________________________________________________________________



<PAGE>

================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                          5.             6.
                                                          4.                              Amount of      Owner-
                                                          Securities Acquired (A) or      Securities     ship
                                                          Disposed of (D)                 Beneficially   Form:     7.
                                                          (Instr. 3, 4 and 5)             Owned at End   Direct    Nature of
                               2.            3.           -----------------------------   of Issuer's    (D) or    Indirect
1.                             Transaction   Transaction                  (A)             Fiscal Year    Indirect  Beneficial
Title of Security              Date          Code             Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                     (mm/dd/yy)    (Instr. 8)                   (D)             and 4)         (Instr.4) (Instr. 4)
------------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>            <C>             <C>         <C>    <C>      <C>            <C>       <C>
------------------------------------------------------------------------------------------------------------------------------------
Common Stock                   3/20/2001      P3             9,764,623     A     **       9,764,623       D
------------------------------------------------------------------------------------------------------------------------------------

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====================================================================================================================================
</TABLE>

** CIBC acquired the shares of GPI Common Stock pursuant to an asset purchase
agreement and a stock purchase agreement entered that stipulated that (i) GPI
agreed to purchase substantially all of the assets of CIBC's merchant card
processing business (the "Asset Sale") for approximately $137 million and (ii)
CIBC agreed to use the cash received from the Asset Sale to purchase 26.25% of
the total number of shares of GPI Common Stock (the "Stock Purchase")
outstanding or reserved for issuance upon the exercise of outstanding stock
options on the closing date of the Asset Sale.

Reminder:  Report on a separate line for each class of securities  beneficially
owned directly or indirectly.


                                                                          (Over)
                                                                 SEC 2270 (3-99)

<PAGE>


FORM 5 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                          9.        10.
                                                                                                          Number    Owner-
                                                                                                          of        ship
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-                      Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.                Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   4.       or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Trans-   of (D)        (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     action   (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  Code     4 and 5)      Date     Expira-            Number  ity      Year      (I)      ship
Security            Secur-   Day/     (Instr.  ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    8)        (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>       <C>   <C>    <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>

------------------------------------------------------------------------------------------------------------------------------------

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------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------------------------------------------------------------------------------

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====================================================================================================================================
</TABLE>
Explanation of Responses:





/s/ David Stagg                                            February 14, 2002
---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.


                                                                          Page 2


</TEXT>
</DOCUMENT>
</SUBMISSION>
