TSYS’ Volumes Increase During Holiday Season
Authorization and Transaction Volume at an All Time High
Columbus, Ga., Dec. 21, 1999 – The Holiday Season ushers in the busiest time of the year for point-of-sale authorizations and transactions at Total System Services, Inc.® (TSYS®) (NYSE: "TSS"). During this season, which began the weekend following Thanksgiving, TSYS’ monetary transaction volume increased by 61 percent over the same period last year. To date, TSYS’ busiest hour peaked at 326 authorizations per second (aps), an increase of 32 percent over the corresponding day in 1998.
"It appears that TSYS will have another phenomenal holiday season, and we are excited about the increase in authorization and transaction volumes," said TSYS President Philip W. Tomlinson. "TSYS’ increases in authorization and transaction volume can be attributed to the significant account growth in 1999 as well as increased card usage."
"TSYS is committed to providing our customers with the highest levels of technology. Our superior processing systems were developed to handle large transaction volumes, allowing TSYS customers to gain the competitive edge needed in today’s domineering market," Tomlinson continued.
TSYS is one of the world’s leading information technology processors of data and transactions for domestic and international issuers of credit, debit, commercial and private-label cards. TSYS’ sophisticated systems offer online accounting, data processing, electronic commerce services, portfolio management, account acquisition, credit evaluation, risk management and customer service. Through our family of companies, TSYS services the entire lifecycle of card accounts, and processes millions and millions of accounts, making it possible for consumers to use their cards any time, anywhere. Headquartered in Columbus, Ga., TSYS (www.totalsystem.com) is an 80.8 percent owned subsidiary of Synovus Financial Corp. (NYSE:"SNV") (www.synovus.com) named the Best Company to Work for in America by FORTUNE magazine.
Contacts:
Danita Gibson-Lloyd
Corporate Communications Manager
ph. (706) 649-5578
dglloyd@totalsystem.com
Kimberly Knight
Corporate Communications Specialist
ph. (706) 644-1218
kiknight@totalsystem.com