TSYS
Encyclopedia
Total System Services, Inc. (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. TSYS acquired a leading prepaid card processor, Clarity Payment Solutions, Inc. in 2004 and rebranded it TSYS Prepaid.
. 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. 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.
Total System Services Inc. Announced the acquired majority stake in First National Bank of Omaha's merchant acquisition business for $150.5 million.
Columbus, Georgia
Columbus is a city in and the county seat of Muscogee County, Georgia, United States, with which it is consolidated. As of the 2010 census, the city had a population of 189,885. It is the principal city of the Columbus, Georgia metropolitan area, which, in 2009, had an estimated population of 292,795...
, Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
, United States. 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, SynovusSynovus
Synovus is a financial services company with $29 billion in assets based in Columbus, Georgia. Synovus’ 30 locally-branded bank divisions provide commercial and retail banking, investment and mortgage services to customers in Georgia, Alabama, South Carolina, Florida and Tennessee through 308...
. 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. On October 25, 2007, TSYS and Synovus
Synovus
Synovus is a financial services company with $29 billion in assets based in Columbus, Georgia. Synovus’ 30 locally-branded bank divisions provide commercial and retail banking, investment and mortgage services to customers in Georgia, Alabama, South Carolina, Florida and Tennessee through 308...
(holding 81% of shares at the time) announced a spin-off that was completed as of the end of 2007.
Total System Services Inc. Announced the acquired majority stake in First National Bank of Omaha's merchant acquisition business for $150.5 million.
Subsidiaries
- TSYS Acquiring Solutions®
- TSYS Card Tech®
- TSYS do Brasil®
- TSYS EuropeSM
- TSYS JapanSM
- TSYS Merchant SolutionsSM
- Columbus Productions, Inc.SM
- Infonox®, a TSYS company
Joint ventures
- TSYS Managed Services EMEA (55%)
- TSYS de Mexico® (49%)
- CUP Data (44.56%)
- GP Net Japan (53%)