TSYS Expands Services With Mexican Banks
Columbus, GA, April 26, 2006 - TSYS has extended its penetration of Latin-American markets through separate agreements with two financial institutions in Mexico.
TSYS has extended its multi-year processing agreement with Banca Afirme, based in Monterrey, Mexico, which has been a client since 2000.
Separately, TSYS has established a long-term agreement with Banca Mifel to provide processing and other services for its start-up portfolio. Banca Mifel, based in Mexico City, was established in 1993.
The companies have agreed that terms of each agreement will not be disclosed.
"Our relationships with these clients demonstrate that payment technologies from TSYS are well positioned to effectively serve financial institutions in a wide range of market niches," says Philip W. Tomlinson, chairman of the board and chief executive officer of TSYS. "TSYS expects to continue making progress that improves our penetration of important markets like Mexico and Latin America throughout the year."
About TSYS
TSYS (www.tsys.com) is one of the world's largest companies for outsourced payment services, offering a broad range of issuer and acquirer processing technologies that support consumer finance, credit, debit and prepaid services for financial institutions and retail companies in North America, Europe and the Asia Pacific. Based in Columbus, Ga., TSYS (NYSE: TSS) is 80 percent held by Synovus Financial Corp. (NYSE: SNV), one of FORTUNE magazine’s "Most Admired Companies" and a member of its "100 Best Companies to Work For" Hall of Fame. For more information, contact news@tsys.com.
Contacts
TSYS Media Relations
Cyle Mims
+1.706.644.8457
cylemims@tsys.com
TSYS Investor Relations
Shawn Roberts
+1.706.644.6081
shawnroberts@tsys.com