TSYS

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Total System Services, Inc.
Type Public (NYSE: TSS)
Founded Flag of the United States Columbus, GA (1983)
Headquarters Columbus, GA, USA
Key people Phil Tomlinson, CEO
Troy Woods, President
Industry Credit Card
Products TS1,TS2
Website 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.

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[edit] 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. [1]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.[2]

[edit] Subsidiaries

  • 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

[edit] Competitors

[edit] Partners

[edit] External links

[edit] References

  1. ^ "TSYS History." Retrieved on January 16, 2008.
  2. ^ "TSYS Board Approves Agreement with Synovus for Spin-Off." Retrieved on November 04, 2007.