
The people of TSYS® are known around the world for the passion and enthusiasm they bring to the business of payments. At every level, our team can be identified by two fundamental tenets: treat people right and do what's right. Despite the complexity of our industry, our team believes in the core value they provide in a global marketplace – We make it possible for hundreds of millions of people to navigate their lives with confidence and convenience every day.
From our earliest beginnings, we have had deep roots in banking and financial services. TSYS began in 1959 as the bankcard processing division of a community bank in Columbus, Ga. Founded in 1888, Columbus Bank and Trust Co. (CB&T) was one of the first banks in the United States to offer a local charge card.
In 1974, CB&T started moving electronic transactions for other banks that issued credit cards — across states and continents, first by telephone, then by satellite and now by fiber optic cables.
In 1983, TSYS became a separate publicly traded company, and in 1991, TSYS invested more than $200 million to develop an integrated, option-driven processing system. In 1994, TSYS launched TS2®, which remains the most advanced, most flexible and most successful processing system in the marketplace today. We continue to invest more than $40 million on improvements each year.
In 1998, TSYS upgraded TS2 to support multiple languages and currencies on a single platform. TSYS is the only company with a single platform capable of serving a client's portfolio on more than one continent — a critical advantage for institutions planning rapid, international growth. TS2 offers cost savings, improved customer service, unsurpassed speed to market and efficient workflow.
On January 1, 2008, TSYS became an independent company after former parent company Synovus relinquished its ownership in TSYS in what is known as a spin-off transaction.
TSYS has become a trusted voice in the payments industry. We understand that our success is determined by our clients' success. This true spirit of partnership infuses everything we do.
TSYS ANNUAL REPORT 2009
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