First Tennessee Extends Processing Contract With TSYS

Renewal Signals Another Win for TSYS

Columbus, Ga., December 14, 2004 - TSYS today announced a multi-year extension to its processing agreement with First Tennessee Bank, N.A. to provide multi-card processing services for its consumer credit, debit and commercial portfolios. TSYS also provides portfolio and risk management tools to First Tennessee, a client since 1995.

"Recognized as one of the nation's 50 largest bank holding companies, First Tennessee has placed strategic focus in the area of payments and TSYS' ability to partner with them to drive this success," said TSYS President M. Troy Woods.

"The relationship we've enjoyed with TSYS coupled with the technology and service they provide help strengthen our position in the marketplace so that we may provide our customers with first-rate quality, value and customer service," said Brian Collins, senior vice president, First Tennessee. "We've enjoyed a successful long-term partnership with TSYS."

The First Tennessee National Corp. (NYSE:FTN) family of companies provides financial services to individual and business customers through: First Horizon Home Loans, headquartered in Irving, Texas, which earned a top-10 ranking in customer satisfaction from J.D. Power and Associates; FTN Financial, headquartered in Memphis, Tenn., one of the nation's top underwriters of U.S. government agency securities; First Tennessee Bank, headquartered in Memphis, Tenn., which has earned one of the highest customer retention rates of any bank in the country; and First Horizon Merchant Services, headquartered in Englewood, Colo., one of the largest processors of credit card payments for the travel and entertainment industry.

About 12,000 employees of these companies provide financial services through more than 1,000 offices located in more than 40 states. FTN companies have been recognized as some of the nation's best employers by AARP and Working Mother, Business Week and Fortune magazines. FTN also was named one of the nation's 100 best corporate citizens by Business Ethics magazine. More information can be found at www.FirstTennessee.com.

TSYS (NYSE: TSS) brings integrity and innovation to the world of electronic payment services as the integral link between buyers and sellers in this rapidly evolving universe. Synovus (NYSE: SNV) owns an 81-percent interest in TSYS. For more information, contact news@tsys.com.

Contacts:
Cyle Mims
TSYS Media Relations
+1.706.644.3110
cylemims@tsys.com

Shawn Roberts
TSYS Investor Relations
+1.706.644.6081
shawnroberts@tsys.com