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'''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, Georgia|Columbus]], [[Georgia (U.S. state)|Georgia]], United States. |
'''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, Georgia|Columbus]], [[Georgia (U.S. state)|Georgia]], United States. |
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==History== |
==History== |
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In 1959 TSYS started as a division of Columbus Bank and Trust ( |
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.<ref>"[http://www.tsys.com/company/history.htm TSYS History]." Retrieved on January 16, 2008.</ref> 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.<ref>"[http://www.tsys.com/news/Releases/20071025agreementspinoff.cfm TSYS Board Approves Agreement with Synovus for Spin-Off]." Retrieved on March 11, 2011.</ref> |
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Total System Services Inc. Announced the acquired majority stake in First National Bank of Omaha's merchant acquisition business for $150.5 million.<ref>{{cite news|url=http://www.businessweek.com/ap/financialnews/D9EQCDR00.htm|title=Total Systems acquires part of Bank of Omaha unit|date=1 April 2010|accessdate=5 April 2010}}</ref> |
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In 2008 TSYS launched n>genuity<ref>"[http://www.tsys.com/ngenuity-journal/index.cfm n>genuity Journal]." Retrieved on April 7, 2008.</ref>, a quarterly publication designed to provide pertinent research, in-depth commentary and timely insight on the trends that impact the world of payments <ref>"[http://www.reuters.com/article/2011/09/13/idUS139515+13-Sep-2011+BW20110913 TSYS Announces New n>genuity Journal Online and Editorial Board]." Retrieved on September 13, 2011.</ref> |
In 2008 TSYS launched n>genuity<ref>"[http://www.tsys.com/ngenuity-journal/index.cfm n>genuity Journal]." Retrieved on April 7, 2008.</ref>, a quarterly publication designed to provide pertinent research, in-depth commentary and timely insight on the trends that impact the world of payments <ref>"[http://www.reuters.com/article/2011/09/13/idUS139515+13-Sep-2011+BW20110913 TSYS Announces New n>genuity Journal Online and Editorial Board]." Retrieved on September 13, 2011.</ref> |
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In 2010, TSYS announced they acquired majority stake in [[First National Bank of Omaha]]'s merchant acquisition business for $150.5 million<ref>{{cite news |
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| title = Total Systems acquires part of Bank of Omaha unit |
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| language = english |
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| publisher = Bloomberg BusienssWeek |
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| date = April 1, 2010 |
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| url = http://www.businessweek.com/ap/financialnews/D9EQCDR00.htm |
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| accessdate =}}</ref> |
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, which was renamed TSYS Merchant Solutions<ref>{{cite news |
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| title = TSYS adds acquiring heft with full ownership of FNMS |
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| language = english |
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| publisher = The Green Sheet |
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| date = January 24, 2011 |
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| url = http://www.greensheet.com/emagazine.php?story_id=2271 |
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| accessdate =}}</ref> |
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==Subsidiaries== |
==Subsidiaries== |
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* TSYS Merchant Solutions<sup>SM</sup> |
* TSYS Merchant Solutions<sup>SM</sup> |
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* Columbus Productions, Inc.<sup>SM</sup> |
* Columbus Productions, Inc.<sup>SM</sup> |
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* Infonox®, a TSYS company |
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==Joint ventures== |
==Joint ventures== |
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* TSYS Managed Services EMEA (55%) |
* TSYS Managed Services EMEA (55%) |
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* TSYS de Mexico® (49%) |
* Total System Services de México, S.A. de C.V (TSYS de Mexico®) (49%) |
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* CUP Data (44. |
* CUP Data (44.5%) |
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* GP Net |
* GP Net Corporation (GP Net) (53%) |
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==References== |
==References== |
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Revision as of 16:34, 6 August 2012
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| File:Tsyslogo.png | |
| Company type | Public (NYSE: TSS) S&P 500 Component |
|---|---|
| Industry | Financial Services |
| Founded | Columbus, Georgia (1983) |
| Headquarters | One TSYS Way, Columbus, Georgia, USA |
Key people | Philip W. Tomlinson Chairman & CEO |
| Products | TS1 TS2 TS Prime PRIME |
| Revenue | US$1.7 billion (2010) |
| 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, Georgia, United States.
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. 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 2008 TSYS launched n>genuity[3], a quarterly publication designed to provide pertinent research, in-depth commentary and timely insight on the trends that impact the world of payments [4]
In 2010, TSYS announced they acquired majority stake in First National Bank of Omaha's merchant acquisition business for $150.5 million[5] , which was renamed TSYS Merchant Solutions[6]
Subsidiaries
- TSYS Acquiring Solutions®
- TSYS Card Tech®
- TSYS do Brasil®
- TSYS EuropeSM
- TSYS JapanSM
- TSYS Merchant SolutionsSM
- Columbus Productions, Inc.SM
Joint ventures
- TSYS Managed Services EMEA (55%)
- Total System Services de México, S.A. de C.V (TSYS de Mexico®) (49%)
- CUP Data (44.5%)
- GP Net Corporation (GP Net) (53%)
References
- ^ "TSYS History." Retrieved on January 16, 2008.
- ^ "TSYS Board Approves Agreement with Synovus for Spin-Off." Retrieved on March 11, 2011.
- ^ "n>genuity Journal." Retrieved on April 7, 2008.
- ^ "TSYS Announces New n>genuity Journal Online and Editorial Board." Retrieved on September 13, 2011.
- ^ "Total Systems acquires part of Bank of Omaha unit". Bloomberg BusienssWeek. April 1, 2010.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help) - ^ "TSYS adds acquiring heft with full ownership of FNMS". The Green Sheet. January 24, 2011.
{{cite news}}: Cite has empty unknown parameter:|coauthors=(help)
- Boyce, Christopher (October 14, 2004). "Columbus, Ga.-based credit account processor completes J.P. Morgan deal". Columbus Ledger-Enquirer. Columbus, GA. Retrieved 2 January 2010.