TSYS

Infobox_Company | company_name = Total System Services, Inc.
company_
company_type = Public (NYSE|TSS)
foundation = flagicon|USA Columbus, GA (1983)
location_city = Columbus, GA
location_country = USA
key_people = Phil Tomlinson, CEO
Troy Woods, President

industry = Credit Card
products = TS1,TS2
homepage = [http://www.tsys.com www.tsys.com] |

Total System Services, Inc. (NYSE|TSS) (commonly referred to as TSYS) is the largest processor of merchant acquirers and bank credit card issuers. Creators of TS2 and TS1. TSYS is located in Columbus, GA. TSYS acquired a leading prepaid card processor, Clarity Payment Solutions, Inc. in 2004 and rebranded it TSYS Prepaid.

History

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. [" [http://www.tsys.com/company/history.htm TSYS History] ." Retrieved on January 16, 2008.] On October 25th, 2007, TSYS and Synovus (holding 81% of shares at the time) announced a spin-off that was completed as of the end of 2007. [" [http://www.tsys.com/news/press_release_article.cfm?news_id=446 TSYS Board Approves Agreement with Synovus for Spin-Off] ." Retrieved on November 04, 2007.]

ubsidiaries

*TSYS Card Tech, formerly Card Tech Ltd

*TSYS Prepaid, formerly Clarity

*TSYS Acquiring Solutions, formerly Vital

*TSYS Managed Services, also known as BPM

*TSYS Debt Management, also known as TDM

*TSYS Loyalty (Formerly ESC Loyalty)

*GP Net

Competitors

*First Data
* [http://www.globalpaymentsinc.com/default.asp Global]
*SiNSYS
*EDS
* [http://www.essentis.com/ Essentis]

Partners

*China UnionPay
*Ontario Systems, LLC

External links

* [http://www.tsys.com/ TSYS Official Website]
* [http://www.tsys.com/news/ TSYS Press Releases]

References