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Total System Services, Inc. - Credit Card Processors -
Category Directory
(706)
649-2204
1600
First Avenue
Columbus, GA 31901
www.tsys.com
Business Directory
TSYS
is the second largest credit card processing company in the U.S., with sales
of
$1.1
billion. The company provides electronic payment processing and
related
services to financial and non-financial institutions. Services include
processing
consumer, debit, commercial, stored value and retail cards, as well as
student
loan processing. Total System Services provides services to financial
and
nonfinancial institutions throughout the United States, Canada, Mexico,
Honduras, the Caribbean and Europe. TSYS currently offers merchant services
to
financial institutions and other organizations in Japan through its majority
owned subsidiary, GP Network Corporation, and in the United States through
its
joint venture, Vital Processing Services L.L.C. TSYS also offers value added
products and services to support its core processing services. Value added
products and services include: risk management tools and techniques, such as
credit evaluation, fraud detection and prevention and behavior analysis
tools;
and revenue enhancement tools and customer retention programs, such as
loyalty
programs and bonus rewards. Synovus Financial Corp., a $21 billion asset,
diverse financial services company, owns 81.1 percent of TSYS.
Competition
TSYS
encounters vigorous competition in providing credit card
processing services from several different sources. Most of the national
market
in third party payment processors is presently being provided by
approximately
four vendors. TSYS believes that as of December 31, 2003 it is the second
largest third party card processor in the United States. In addition, TSYS
competes with in-house processors and software vendors which provide their
products to institutions which process in-house. TSYS is presently
encountering,
and in the future anticipates continuing to encounter, substantial
competition
from card associations, data processing and bankcard computer service firms
and
other such third party vendors located throughout the United States. Based
upon
available market share data that includes cards processed in-house, TSYS
believes that at the end of 2003 it held a 20% share of the domestic Visa
and
MasterCard consumer card processing market, an 83% share of the Visa and
MasterCard domestic commercial card processing market, a 15% share of the
domestic retail card processing market and a 4% share of the domestic
off-line
debit processing market. In addition to processing cards for United States
clients, TSYS also believes it holds an approximately 23% share of the
Mexican
credit card processing market, an approximately 43% share of the Canadian
credit
card processing market and an approximately 21% share of the United Kingdom
credit card processing market.
Total System Services major competitor in the card processing industry is
First Data
Resources, Inc., a wholly owned subsidiary of
First Data Corporation,
which
provides card processing services, including authorization and data entry
services. The principal methods of competition between TSYS and First Data
Resources are price, system performance and reliability, breadth of features
and
functionality, disaster recovery capabilities, data security, scalability
and
flexibility of infrastructure and customer service. Certain other
subsidiaries
of First Data Corporation also compete with TSYS. In addition, there are a
number of other companies which have the necessary financial resources and
the
technological ability to develop or acquire products and, in the future, to
provide services similar to those being offered by TSYS.
Credit Card Processing Companies in the Directory
Alliance Data Systems
American Express
Cardservice International
Certegy
Discover Business Services
Electronic Clearing House
First Data
Global Payments
Heartland Payment Systems
iPayment
National Processing Company
Nova Information Systems
Paymentech
PayPal
ProPay
PSi Gate
Total System Services
TNS
WorldPay
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