TSYS is the largest processor of merchant acquirers and bank credit card issuers (#1 for credit card issuers and #2 for merchant processing in the United States). TSYS processes for over 730,000 merchants with over $138 billion a year in credit and debit card transactions.
TSYS selected Curbstone - AGAIN - to be a GOLD Partner for 2018, based on our exemplary service to merchants using TSYS for processing.
Some TSYS 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.
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.
On July 12, 1999, Total System Services, Inc. announced the signing of a multi-year agreement with Bancahsa, to process its Honducard-Visa credit cards, which represented a step in Total System Services' international expansion strategy to become the global processor of choice.
In 2008 TSYS launched n>genuity, a quarterly publication designed to provide pertinent research, in-depth commentary and timely insight on the trends that impact the world of payments
In 2010, TSYS announced they acquired majority stake in First National Bank of Omaha's merchant acquisition business for $150.5 million , which was renamed TSYS Merchant Solutions
In August 2012 TSYS announced a joint venture with Central Payments Co, one of the fastest growing ISOs in the US.
In November 2012 TSYS announced its acquisition of ProPay, a Utah based company with over 250,000 merchants.
In February 2013 TSYS announced that it had agreed to purchase Netspend, a prepaid debit card provider, for $1.4 billion in cash.
In November 2013 TSYS announced TSYS Merchant Insights, a new partnership with Womply, a San Francisco-based startup, to provide revenue, social media, and reputation analysis tools to all TSYS merchants.