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8-K - FORM 8-K - TOTAL SYSTEM SERVICES INC | g25683e8vk.htm |
Exhibit 99.1
PRESS RELEASE |
Total System Services, Inc. One TSYS Way Post Office Box 2567 Columbus GA 31902-2567 |
+1.706.649.2307 +1.706.649.5740 www.tsys.com |
For immediate release:
Contacts:
Cyle Mims
|
Shawn Roberts | Kevin Langin | ||
TSYS Media Relations
|
TSYS Investor Relations | Director of Public Relations | ||
+1.706.644.3110
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+1.706.644.6081 | +1.402.602.3541 | ||
cylemims@tsys.com
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shawnroberts@tsys.com | klangin@fnni.com |
TSYS Acquires Remaining 49 Percent of First National Merchant
Solutions From First National Bank of Omaha
Solutions From First National Bank of Omaha
Columbus, Ga., Jan. 4, 2011 TSYS (NYSE: TSS) announced today that it has acquired the
remaining 49-percent interest in First National Merchant Solutions, LLC (FNMS), from First National
Bank of Omaha (FNBO). The company will be rebranded as TSYS Merchant SolutionsSM. TSYS
formed a joint venture with FNBO in April 2010, when it acquired a 51-percent controlling interest
in the direct merchant acquirer and transaction processor.
FNMS offers transaction processing, merchant support, credit underwriting, risk management and
value-added services, as well as Visa®- and MasterCard®-branded prepaid cards
for businesses of any size. Ranked as the 10th-largest merchant acquirer in the U.S. by dollar
volume in 2009 by The Nilson Report*, FNMS has a 57-year history in the acquiring industry with
more than 300,000 active merchant outlets* in its diverse portfolio.
We have been very pleased with the performance of the joint venture, and determined that
total ownership is important to our diversification strategy, said Philip W. Tomlinson, chairman
of the board and chief executive officer of TSYS. TSYS Merchant Solutions positions TSYS for
further growth in the acquiring industry.
We knew from the start of this relationship that TSYS was the right partner to take First
National Merchant Solutions to the next level, said Daniel ONeill, president of FNBO. At the
same time, First National recognizes the strategic and capital benefits of completing the next
phase of this venture. The timing is right for all parties involved.
TSYS acquired the remaining 49 percent of FNMS for approximately $169.6 million. The
transaction closed Jan. 1, 2011. TSYS management will discuss the acquisition in their 4Q 2010
Earnings Conference Call on Jan. 25, 2011.
* | The Nilson Report, March 2010 |
more
2011
PRESS RELEASE |
TSYS Acquires Remaining 49 Percent of First National Merchant Solutions From First National Bank of
Omaha/p. 2
About TSYS
TSYS (NYSE: TSS) is reshaping a new era in digital commerce, connecting consumers, merchants,
financial institutions, businesses and governments. Through unmatched customer service and industry
insight, TSYS creates a better experience for buyers and sellers globally, supporting cross-border
payments in more than 85 countries. Offering services in credit, debit, prepaid, mobile, chip,
healthcare, installments, money transfer and more, TSYS makes it possible for those in the global
marketplace to conduct safe and secure payment transactions with trust and convenience.
TSYS global headquarters are located in Columbus, Georgia, with other local offices spread
across the Americas, EMEA and Asia-Pacific. TSYS serves approximately 400 clients in 85 countries,
including relationships with more than half of the Top 20 international banks. For more
information, please visit us at www.tsys.com.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of
Nebraska has grown into the largest privately owned banking company in the United States. First
National and its affiliates have $17 billion in managed assets and nearly 5,000 employee
associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas,
South Dakota and Texas.
First National Merchant Solutions has been a subsidiary of FNBO and provides complete payment
processing and first-rate services and customized solutions to businesses of all sizes across the
nation. For more information, visit www.fnms.com.
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2011