TSYS

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Total System Services, Inc.
TypePublic
Traded asNYSETSS
S&P 500 Component
IndustryFinancial Services
FoundedColumbus, Georgia (1983)
HeadquartersOne TSYS Way, Columbus, Georgia, USA
Key peoplePhilip W. Tomlinson
Chairman & CEO
ProductsTS1
TS2
TS Prime
PRIME
RevenueUS$1.7 billion (2010)
Websitewww.tsys.com
 
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Total System Services, Inc.
TypePublic
Traded asNYSETSS
S&P 500 Component
IndustryFinancial Services
FoundedColumbus, Georgia (1983)
HeadquartersOne TSYS Way, Columbus, Georgia, USA
Key peoplePhilip W. Tomlinson
Chairman & CEO
ProductsTS1
TS2
TS Prime
PRIME
RevenueUS$1.7 billion (2010)
Websitewww.tsys.com

Total System Services, Inc. (commonly referred to as TSYS) is the largest processor of merchant acquirers and bank credit card issuers (#1 for credit card issuers and #2 for merchant processing in the United States). TSYS processes over $1 trillion a year in credit and debit card transactions. They created the TS2 and TS1 technology platforms, which are considered among the best in the industry. TSYS is located in Columbus, Georgia, United States.

History[edit]

In 1959 TSYS started as a division of Columbus Bank and Trust (CB&T). In 1974, CB&T started processing credit cards for other banks. In 1983, TSYS became a separate publicly traded company, although majority ownership remained with CB&T and its successor, Synovus. In 1991, TSYS began development on the next generation of processing platforms. Then in 1994, TSYS launched TS2. On September 24, 1999 TSYS opened up its new Riverfront Campus in Downtown Columbus.[1] On October 25, 2007, TSYS and Synovus (holding 81% of shares at the time) announced a spin-off that was completed as of the end of 2007.[2]

In July 12, 1999, Total System Services, Inc. announced the signing of a multi-year agreement with Bancahsa, to process its Honducard-Visa credit cards, which represented a step in Total System Services' international expansion strategy to become the global processor of choice.[3]

In 2008 TSYS launched n>genuity,[4] a quarterly publication designed to provide pertinent research, in-depth commentary and timely insight on the trends that impact the world of payments [5]

In 2010, TSYS announced they acquired majority stake in First National Bank of Omaha's merchant acquisition business for $150.5 million[6] , which was renamed TSYS Merchant Solutions[7]

In August 2012 TSYS announced a joint venture with Central Payments Co, one of the fastest growing ISOs in the US.[8]

In November 2012 TSYS announced its acquisition of ProPay, a Utah based company with over 250,000 merchants.[9]

In February 2013 TSYS announced that it had agreed to purchase Netspend, a prepaid debit card provider, for $1.4 billion in cash.

In November 2013 TSYS announced TSYS Merchant Insights, a new partnership with Womply, a San Francisco-based startup, to provide revenue, social media, and reputation analysis tools to all TSYS merchants.[10]

Subsidiaries[edit]

Joint ventures[edit]

References[edit]

  1. ^ "TSYS History." Retrieved on January 16, 2008.
  2. ^ "TSYS Board Approves Agreement with Synovus for Spin-Off." Retrieved on March 11, 2011.
  3. ^ "Total System Services, Inc.(R) Moves into Central America; Signs Leading Honduran Bank for Visa Card Processing". 
  4. ^ "n>genuity Journal." Retrieved on April 7, 2008.
  5. ^ "TSYS Announces New n>genuity Journal Online and Editorial Board." Retrieved on September 13, 2011.
  6. ^ "Total Systems acquires part of Bank of Omaha unit". Bloomberg BusienssWeek. April 1, 2010. 
  7. ^ "TSYS adds acquiring heft with full ownership of FNMS". The Green Sheet. January 24, 2011. 
  8. ^ http://www.ledger-enquirer.com/2012/08/09/2155653/tsys-buys-60-percent-of-california.html
  9. ^ http://www.digitaltransactions.net/news/story/3772
  10. ^ http://www.isoandagent.com/news/TSYS-And-Womply-Providing-Big-Data-3016030-1.html

External links[edit]