Bank of America Extends Card Processing Contract With TSYS

TS2 Client Signs 10-Year Agreement, Extends Existing Long-term Agreement

Columbus, Ga., Sept. 29, 1999 - Total System Services, Inc., (NYSE - "TSS") (TSYS), today announced a ten-year agreement with Bank of America (NYSE: "BAC") to continue processing its credit card portfolio until 2009. The new agreement extends the existing agreement by two years and includes the card portfolios of Bank of America and NationsBank which merged in 1998. Bank of America is the world’s sixth largest issuer of Visa and MasterCard credit cards and TSYS’ third largest customer. TSYS expects its continued processing of the Bank of America portfolio to produce a net profit margin consistent with its historical net profit margins.

"The renewal of Bank of America is an affirmation of its confidence in TSYS. We are delighted that Bank of America has renewed its processing agreement because we have enjoyed a very special relationship with them over the years. They were the first client to convert to TS2, and working together, we have made TS2 one of the most technologically advanced processing systems in our industry," said Philip W. Tomlinson, TSYS President. "We look forward to helping them maintain their competitive edge and strong market presence as we realize our vision to be the global processor of choice for commerce."

TSYS is a global processor of data, transactions and payments for credit, debit, commercial and private-label card issuers. TSYS’ sophisticated systems offer online accounting, data processing, electronic commerce services, portfolio management, account acquisition, credit evaluation, risk management and customer service. Through its family of companies, TSYS services the entire lifecycle of accounts, processing more than 196.7 million accounts for an estimated 275.3 million cardholders who use their cards worldwide. 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:
Danita Gibson-Lloyd
Corporate Communications Manager
ph. (706) 649-5578
dglloyd@totalsystem.com

Kimberly Knight
Corporate Communications Specialist
ph. (706) 644-1218
kiknight@totalsystem.com