TSYS

TSYS, short for Total System Services, is a leading global payment solutions provider headquartered in Columbus, Georgia, United States. The company was founded in 1983 as a division of Columbus Bank and Trust, and in 1989, it became an independent subsidiary of Synovus Financial Corp. In 2007, TSYS became a standalone company, listed on the New York Stock Exchange under the ticker symbol TSS. TSYS offers a wide range of payment processing services and solutions to businesses, financial institutions, government agencies, and individuals. These include merchant acquiring, credit card processing, card issuing, prepaid solutions, fraud prevention, risk management, loyalty and rewards programs, and e-commerce solutions. The company operates in more than 80 countries globally, with major offices in the United States, Canada, Europe, Latin America, and Asia-Pacific. As of its most recent financial report, TSYS reported global net revenue of $4.03 billion in 2020. In terms of market position, TSYS is recognized as one of the largest payment processors in the world, competing with other major players such as Fiserv, Mastercard, and Visa. The company distinguishes itself through its comprehensive suite of payment solutions, its commitment to innovation, and its focus on delivering exceptional customer experiences. TSYS has expanded its global presence through strategic partnerships and acquisitions. In 2013, the company completed the acquisition of NetSpend Holdings, a leading provider of prepaid debit cards, enhancing its position in the prepaid market. TSYS also has notable joint ventures, including Cayan, a provider of payment technologies and merchant services. In terms of recent developments, TSYS has rebranded itself as Global Payments following its merger with Global Payments Inc. This merger created one of the largest pure-play payment technology companies globally. The combined company continues to provide innovative payment solutions to a diverse range of clients, solidifying its position as a top player in the industry. In conclusion, TSYS, now known as Global Payments, is a global leader in payment processing solutions. With a comprehensive suite of services, a strong market position, and a commitment to innovation, the company remains at the forefront of the rapidly evolving payments industry.