TSYS Announces NetSpend Leadership Transition
Chuck Harris Named Senior EVP of TSYS, Dan Henry Steps Down as CEO of NetSpend
COLUMBUS, Ga., and AUSTIN, Texas, July 14, 2014 — TSYS (NYSE: TSS) today announced that Chuck Harris has been named senior executive vice president of TSYS and will continue to serve as president of NetSpend, a TSYS company. Harris succeeds Dan Henry as the top executive of NetSpend, who is leaving the company after serving in the role of chief executive officer since 2008. The leadership transition will be effective July 31, 2014.
In making the announcement, M. Troy Woods, president and chief operating officer, TSYS, stated, "TSYS and NetSpend are grateful for the tremendous leadership that Dan has provided. His vision and passion for providing payment options to deserving underbanked consumers have been an inspiration to our company, team members and the payments industry. We wish him well in every future endeavor." Woods added, "It will be a seamless transition for Chuck to lead the NetSpend team. Having served as president since 2010, Chuck knows the company and the business well. Chuck is a 20-plus year veteran of the payments industry, and his depth of experience has elevated our ability to bring accessible and affordable financial services to the more than 68 million underbanked consumers in this country."
"As a part of the TSYS family for a little over a year, I could not be more pleased with the reception and support that the NetSpend team has received," Henry stated. "My decision to leave is a difficult one as the people at NetSpend are my heroes, and there are no finer people in payments than those who are at TSYS. However, with my home and family based in Kansas City, it's time for me to pull back on my travel and spend more time at home. Chuck is the right person to take on this top leadership role and will surely grow NetSpend to new heights."
Harris joined NetSpend as president in July, 2010, with responsibility for the partner, direct and corporate paycard lines of business, as well as the company's products, technology and operations. Harris joined NetSpend from Intuit where he had served as general manager of the company's payment solutions division. Prior to Intuit, he served as chief executive officer, president and chief operating officer of Electronic Clearing House (ECHO), an electronic payment solutions provider that was acquired by Intuit in 2007. Earlier in his career, Harris also served with Paymentech and its Merchant Link subsidiary.
Harris stated, "The past 12 months have confirmed that NetSpend has found a great home at TSYS. The combined size, stability and leadership will continue to provide opportunity for NetSpend and its team. The mission of NetSpend remains solidly intact and our avenues for success have expanded greatly. I am proud to lead the superb team of people at NetSpend at this critical time in our development and am honored to be placed in this leadership role. I look forward to all that we will accomplish in the days and months ahead."
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief "People-Centered Payments®." By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS' headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.
NetSpend, headquartered in Austin, TX, is a leading provider of general-purpose reloadable prepaid debit cards and related financial services to the estimated 68 million underbanked consumers in the United States who do not have a traditional bank account or who rely on alternative financial services. The Company's mission is to develop products and services that empower underbanked consumers with the convenience, security and freedom to be self-banked. Please visit www.netspend.com for more information.
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