TSYS de México Names Navarro New Director General
Company to Provide New Products for Clients
Toluca, Mexico, August 4, 1999 – Total System Services de México S.A. de C.V.® (TSYS de México®) today announced the appointment of Jesús Navarro Torres to serve as its new Director General. TSYS de México is a joint venture company of Total System Services, Inc.® (TSYS®) (NYSE: "TSS"), a global processing leader, and Controladora PROSA, S.A. de C.V. TSYS de México currently processes one-third of the Visa and MasterCard credit card accounts issued in Mexico.
Mr. Navarro was formally approved by the TSYS de México® board of directors at its July meeting in Mexico City. A seasoned business leader and a native of Mexico, Mr. Navarro has nearly 20 years experience in the financial and information services industries. He has served as the chief financial officer (CFO) of TSYS de México since the formation of the company in 1995.
"Mr. Navarro has proven his leadership abilities managing the financial policies and procedures as CFO," said TSYS de México President Jorge Alfaro. "His appointment emphasizes the joint venture’s continued commitment to provide quality processing services to our clients in Mexico."
H. Lynn Drury, TSYS group vice president, international services, said, "TSYS is very pleased to welcome Mr. Navarro as Director General. We began our international expansion in Mexico, and it continues to be an important market for us."
"I am excited about the opportunity to take TSYS de México to the next level and to increase our market presence. We are committed to strengthening our ties with our customers, refocusing on their individual needs and maximizing the value they receive from our services," Mr. Navarro said. "We already provide our clients with a dynamic processing platform and state-of-the-art production services, and we plan to offer new services to help our customers remain competitive and grow their businesses," he added.
Prior to joining TSYS de México, Mr. Navarro served as the director of planning and financial control for Promoción y Operacion, S.A. de C.V. (Prosa/Carnet/Red) where he participated in the formation of TSYS de México. As a certified public accountant in private practice, he managed auditing, accounting and tax projects for such clients as American Express, Diners Club, Grupo Interacciones and Probursa.
TSYS, through its 49 percent ownership of the joint venture, is the only non-Mexico based processor with production facilities in Mexico. The 52,000 square foot state-of- the-art facility in Toluca, approximately thirty-five miles west of Mexico City, is the only ISO 9002 certified card processing facility in Mexico. In addition to its processing facility in Toluca, TSYS de México also operates a business office in Mexico City.
Headquartered in Toluca, Mexico, TSYS de México is the processor of choice in Mexico, processing for one-third of the Mexican card market. TSYS de México processes private label, Visa and MasterCard accounts and provides printing, statementing, card embossing and distribution services for financial and non-financial institutions throughout Latin America.
TSYS is one of the world’s leading information technology processors of data, transactions and payments for domestic and international issuers of credit, debit, commercial and private-label cards. TSYS’ 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 lifecycle of card accounts and processes more than 192 million accounts, making it possible for an estimated 269 million cardholders to use their cards any time, anywhere. Headquartered in Columbus, Ga., TSYS (www.totalsystem.com) 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 magazine.
Contacts:
Becky Roberts
Project Manager, Corporate Comm.
ph. (706) 641-3839
broberts@totalsystem.com
Danita Gibson-Lloyd
Corporate Communications Manager
ph. (706) 649-5578
dglloyd@totalsystem.com