TSYS and GCS Launch Powerful E-Commerce Business-to-Business Solution
Product Provides Real-time Access to Financial Data
New York, NY, June 16, 1999 — Total System Services, Inc.® (TSYS®) (NYSE: "TSS") today announced the development of TSYS Total CommerceSM, an integrated supply chain management system for business-to-business electronic commerce. This is the first product to be developed by TSYS and Global Commerce Systems Inc. (GSC).
Leveraging their combined strengths, TSYS Total Commerce is the first in a series of co-branded turn-key products TSYS and GCS will package and jointly market aimed at facilitating managed Internet commerce between large companies, their trading partners and customers.
TSYS Total Commerce capitalizes on the core competencies of TSYS, the leading U.S. Visa and MasterCard commercial card processor with an 86 percent market share, and Global Commerce Systems, Inc., a leading developer of value-added information products. The product replaces slow, expensive manual processes with a secure, seamless flow of electronic information that begins with order placement and culminates with reconciliation and settlement.
Dan Charron, TSYS group vice president, director of corporate development, said, "TSYS Total Commerce enables information to reach the right part of the organization at the right time, providing access anytime, anywhere to real-time financial transaction data."
Built on TSYS’ SureTransactSM family of electronic commerce products and GCS’ powerful JavaTM technology based Commerce.comTM suite of products, TSYS Total Commerce is designed to deliver real-time access over the Internet to financial data stored in mainframe, legacy systems. Real-time access to data allows the end user the most up-to-date information on their electronic commerce purchases. "This access to data makes this product truly unique and is a first for business-to-business electronic commerce," Charron added.
"The announcement of this product, TSYS Total Commerce, is a strong statement that further positions TSYS as the global processor of choice for all electronic transactions," said Philip W. Tomlinson, TSYS president. "We realize that the Internet is changing the way the world does business, and we have the best solutions on the market not only for TSYS’ commercial customers but also for large scale companies doing business over the Internet."
"We are delighted to combine our capabilities with TSYS to introduce TSYS Total Commerce," said Geoffrey Shaw, president and CEO, Global Commerce Systems. "This product leverages what TSYS does best, large-scale transaction processing, with GCS’ Internet commerce software products and services that enable seamless integration of trade cycle sourcing, procurement and payment systems management and administration over the Internet." TSYS Total Commerce like the GCS products will tap Java technology’s "Write Once, Run AnywhereTM" cross-platform benefits to lower cost of ownership, speed application development and ease maintenance.
About Global Commerce Systems Inc.
Global Commerce Systems Inc. is a leading provider of Internet commerce software products that enable seamless integration of trade cycle sourcing, procurement and payment systems management and administration over the Internet. GCS’ commerce.com suite of products enable real time management and administration of commercial and consumer credit card payment accounts, buyer and seller, procurement, account management, invoice presentation, automated commercial communications campaign management, targeted marketing and comprehensive customer self service over the Internet. The distributed nature of GCS software technology enables real-time access to distributed sources of data and just-in-time creation of value-added information products that can be broadcast directly to targeted individuals and populations. GCS is focused on the financial services, manufacturing and telecommunications industries. For more information on GCS, visit the company’s Web site at www.commerce.com or call 303-583-5000. Corporate headquarters are located in Colorado at 4840 Pearl East Circle, 301-W, Boulder, 80301.
About Total System Services, Inc.
Total System Services Inc. (TSYS) (NYSE: "TSS") is one of the world’s leading information technology processors of data transactions and payments. For domestic and international users of credit, debit, commercial and private-label cards, Total System Services’ sophisticated systems offer online accounting, data processing, electronic commerce services, portfolio management, account acquisition, credit evaluation, risk management and customer service. Through our family of companies, TSYS services the entire life cycle of card accounts, making it possible for more than 188 million cardholders to use their cards at the point-of-sale or over the Internet. Headquartered in Columbus, Ga., TSYS is an 80.8 percent-owned subsidiary of Synovus Financial Corp. (NYSE: "SNV"), (www.synovus.com), named the Best Company to Work for in America by Fortune. For more information, visit the company’s Web site at www.totalsystem.com.
Contacts:
Becky Roberts
Project Manager, Corporate Communications
ph. (706) 641-3839
broberts@totalsystem.com
Jerry Kasten
Global Commerce Systems
ph. (303) 583-5008
gakasten@commerce.com
"Write Once, Run Anywhere," is a trademark of Sun Microsystems, Inc. in the United States and other countries. Commerce.com is a trademark of Global Commerce Systems Inc. Total System Services, Inc.®, TSYS®, and its logo are federally registered trademarks of Total System Services, Inc. All brand names, trademarks and registered trademarks are the properties of their respective companies.