Total System Services Inc TSS

Total System Services, Inc. (TSYS), incorporated on December 22, 1982, is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company's segments include North America Services, Merchant Services, NetSpend and International Services. In addition, it provides general purpose reloadable (GPR) prepaid and payroll cards, and alternative financial service solutions to the underbanked and other consumers. The Company's Merchant Services segment provides third party processing services to merchant acquirers and Independent Sales Organizations (ISOs) and financial institutions. The Company's NetSpend segment is engaged in the provision and sale of prepaid access devices, such as its GPR prepaid debit cards.

The Company's services and solutions include Issuing Services, Acquiring Services, Prepaid Solutions and Merchant Solutions. The Company offers Issuing Services in various ranges, including consumer, commercial, debit, healthcare, loyalty, prepaid, and regional and community. It offers solutions for processing association-branded, network and private-label cards for credit (traditional, secured, hybrid and charge), debit, prepaid and retail cards. The Company's solution supports portfolio management for issuers, while facilitating business-to-business (B2B) payments, card program efficiency, spending controls and policy compliance for card program managers and end users. Its debit services allow the users to manage their personal identification number (PIN) debit, signature debit and credit programs on a platform that includes real-time authorization, card management, risk management and settlement. The Company offers support for health savings accounts (HSAs), health reimbursement arrangements (HRAs), wellness plans, flexible spending accounts (FSAs) and lines of credit (LOCs), along with benefit card processing for parking and transit tax-advantaged accounts.

The Company's acquiring services include authorization and capture, clearing and settlement, contact center, merchant channel, merchant-funded rewards, reporting and analytics, risk and compliance, and licensed payment software. The Company's merchant solutions include credit card machine, extended services, mobile credit card processing, online credit card processing, security, simplified pricing packages and tablet point of sale (POS). Its extended services include contactless payments, online monitoring dashboard, online reporting and recurring payments.

The Company competes with First Data Corporation, Visa, MasterCard, Vantiv, Inc., Global Payments Inc., Elavon, Inc., Green Dot Corporation and American Express Company.