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| Markets Continued |
What about Asia? |
Asia shares the same characteristics, in that most of the
processing is done in house. TSYS has a tremendous
opportunity to leverage its existing relationship as
majority owner of GP Network Corporation (GP Net),
our merchant-processing company in Japan. Our GP Net
partners represent 63 percent of the card-issuing market
in Japan. By strengthening these relationships, we expect
to provide card-processing solutions to issuers and
merchant acquirers throughout Asia.
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How would you describe your presence in Canada? |
TSYS is Canada’s largest third-party processor, with 20 percent of the market. In 2001, TSYS signed the Canadian Imperial Bank of Commerce to process its new “entourage” American Express line. The entourage line includes three co-branded products — a small business card, a platinum card and a chip card — making TSYS the first chipcard processor in Canada. |
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BackTotal System Services, Inc.® and TSYS® are federally registered service marks of Total System Services, Inc. in the U.S. © Copyright 2002 Total System Services, Inc. All rights reserved worldwide.