Key Developments: Total System Services Inc (TSS.N)

TSS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Total System Services Inc to Acquire NetSpend Holdings Inc
Tuesday, 19 Feb 2013 04:12pm EST 

Total System Services Inc and NetSpend Holdings Inc, provider of general purpose reloadable (GPR) prepaid debit cards and related financial services to under banked consumers in the United States, announced that they have entered into a definitive agreement pursuant to which TSYS will acquire NetSpend in an all cash transaction valued at approximately $1.4 billion. Under terms of the agreement, NetSpend shareholders will receive $16.00 in cash for each share of NetSpend common stock. TSYS expects the transaction to be accretive to GAAP EPS for the first 12 month period following closing, excluding one-time acquisition related fees and expenses. The transaction is expected to close in mid-2013.  Full Article

Total System Services Inc Issues FY 2013 Guidance; Revenue And Net Income Guidance Below Analysts' Estimates
Tuesday, 22 Jan 2013 04:01pm EST 

Total System Services Inc announced that for fiscal 2013, it expects revenue to be $1.955 billion, Net income to be in the range of $266-$272 million and earnings per share (EPS) in the range of $1.43-$1.45. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.98 billion, net income of $268 million and EPS of $1.44 for fiscal 2013.  Full Article

Total System Services Inc Completes Acquisition Of ProPay
Wednesday, 26 Dec 2012 02:54pm EST 

Total System Services Inc announced that it has completed its acquisition of ProPay. ProPay is a wholly owned TSYS subsidiary reporting to Mark Pyke, president of TSYS` Merchant Services segment. Financial Technology Partners LP and FTP Securities LLC (together FT Partners) acted as exclusive financial and strategic advisors to ProPay and its Board of Directors in this transaction. Terms of the transaction were not disclosed.  Full Article

Total System Services Inc Signs Long-Term Payments Agreement With Merrick Bank
Tuesday, 18 Dec 2012 09:00am EST 

Total System Services Inc announced the signing of a long-term agreement with Merrick Bank, a subsidiary of CardWorks, Inc., to provide flexible solutions for Merrick's independent sales organization (ISO) partners, including point-of-sale (POS) solutions, authorization, settlement, reporting, managed services and risk mitigation solutions. Terms of the agreement were not disclosed.  Full Article

Total System Services Inc Signs PRIME 4 Agreement With NMB Bank
Tuesday, 11 Dec 2012 12:01am EST 

Total System Services Inc announced that Zimbabwe’s NMB Bank Limited (NMB) has signed an agreement to migrate its Visa credit card portfolio to PRIME 4, the latest version of the TSYS licensed card and merchant management solution. NMB has been a TSYS client since 2001 when it first licensed a card management solution to begin issuing Visa credit cards in Zimbabwe. NMB will use PRIME 4 to manage its cards issuing and cash acquiring as it seeks to expand its range of card services for consumers and businesses.  Full Article

Total System Services Inc Announces Fourth-Quarter 2012 Dividend
Monday, 3 Dec 2012 09:00am EST 

Total System Services Inc announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share on TSYS common stock, payable December 26, 2012, to TSYS shareholders of record as of the close of business on December 17, 2012.  Full Article

Total System Services Inc Reaffirms FY 2012 Guidance-Conference Call
Tuesday, 23 Oct 2012 05:00pm EDT 

Total System Services Inc announced that it is sticking with fiscal 2012 guidance. It expects to be at the high end of that guidance.  Full Article

Total System Services Inc Announces Third Quarter 2012 Dividend
Tuesday, 4 Sep 2012 04:00pm EDT 

Total System Services Inc announced that its board of directors has approved a quarterly cash dividend of $0.10 per share on TSYS common stock, payable Oct. 1, 2012, to TSYS shareholders of record as of the close of business on September 20, 2012.  Full Article

Total System Services Inc Opens New Multi-Media Contact Centre In UK
Tuesday, 28 Aug 2012 07:00am EDT 

Total System Services Inc announced the opening of a new financial services support centre in Milton Keynes, UK, to better serve the company’s growing pan-European client base. The new centre is run by TSYS Managed Services EMEA, a joint venture between TSYS and Dimension Data.  Full Article

Total System Services Inc Signs Healthcare Payments Agreement With Acclaris, Inc.
Monday, 13 Aug 2012 09:00am EDT 

Total System Services Inc's Healthcare announced that it has signed an agreement to provide benefit card processing and other services to Acclaris, Inc. The partnership provides solutions for consumer-driven healthcare offerings, flexible spending accounts and other reimbursement account administration for health plans, third-party administrators, outsourced human resource organizations and banks. Acclaris will take advantage of TSYS Healthcare’s processing capabilities that enable card functionality never before available in the industry.  Full Article

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