Total System Services (TSYS) is a credit card processor.
TSYS began as a division of Columbus Bank & Trust (CB&T) for the bank’s own credit cards. In 1983 the division started to process credit cards for other banks.
Total System Services was spun-off from Columbus Bank & Trust in 1991 into a publicly-traded company, though CB&T’s successor Synovus retained majority ownership. The new company not only processed credit cards, but also created the technology platforms for the processing.
Today TSYS is one of the largest processors of electronic payment in the world. Products include card issuance, customer-relations services, credit authorization, and payment processing. Since the company acquired NetSpend in 2013 it also issues payroll and prepaid cards.
Total System Services trades publicly on the New York Stock Exchange under the ticker symbol TSS, is #940 in the Fortune 1000, has 12,820 employees, and had $4.028 billion in revenue in 2018.
TSYS maintains a corporate office in Columbus, Georgia.
Total System Services (TSYS) is a credit card processor.
TSYS began as a division of Columbus Bank & Trust (CB&T) for the bank’s own credit cards. In 1983 the division started to process credit cards for other banks.
History
Total System Services was spun-off from Columbus Bank & Trust in 1991 into a publicly-traded company, though CB&T’s successor Synovus retained majority ownership. The new company not only processed credit cards, but also created the technology platforms for the processing.
Today TSYS is one of the largest processors of electronic payment in the world. Products include card issuance, customer-relations services, credit authorization, and payment processing. Since the company acquired NetSpend in 2013 it also issues payroll and prepaid cards.
Total System Services trades publicly on the New York Stock Exchange under the ticker symbol TSS, is #940 in the Fortune 1000, has 12,820 employees, and had $4.028 billion in revenue in 2018.
TSYS maintains a corporate office in Columbus, Georgia.