AmSouth Extends Contract With TSYS for Card Processing
TSYS Client Extends to 2005
Columbus, Ga., February 16, 2000 -- Total System Services, Inc.® (TSYS®) (NYSE: "TSS") today announced a five-year extension to its processing agreement with AmSouth Bancorporation for credit card processing. TSYS has processed the AmSouth portfolio since 1993.
TSYS President Philip W. Tomlinson said, "As AmSouth continues to grow its portfolio, we are delighted to play a part in its continued successes. AmSouth’s renewal is a sign of the strength of our people, technology and vision, and we are committed to earning their business everyday."
Beverly Anderson, Vice President, Bankcard Department, AmSouth,said, "This extension allows AmSouth to continue providing its customers with first-rate quality, value, and customer service. We are delighted to be associated with TSYS, a company that upholds the same high standards."
With the acquisition of First American, AmSouth became the 19th largest bank holding company in the nation and has leading market positions in Tennessee, Florida, Alabama and Mississippi, and a presence in Georgia, Louisiana, Arkansas, Kentucky and Virginia. AmSouth also became a leader among regional banks in the Southeast in several key business segments, including small business, consumer and commercial lending; annuity sales; equipment leasing; mutual funds and managed trust assets.
About AmSouth
AmSouth Bancorporation and AmSouth Bank are headquartered in Birmingham, AL. The company and its subsidiaries provide a full line of traditional and nontraditional financial services including consumer and commercial banking, small business banking, mortgage loans, trust services and investment management.
About Total System Services, Inc.
TSYS provides the electronic payment link between buyers and sellers. With more than 207.9 million accounts on file, TSYS makes it possible for 291 million consumers to use their credit, debit, commercial and retail cards any time, anywhere and through any medium or portal. Our sophisticated systems collect and retain more transaction detail data per account than any other company. We return that information to our clients in a meaningful way so they can better serve every customer and make wiser commerce decisions. Our services allow our clients to focus on building their brands while we focus on safety, security, ease and convenience. Based in Columbus, Ga., TSYS (www.totalsystem.com) (NYSE: "TSS") is an 80.8-percent-owned subsidiary of Synovus Financial Corp. (NYSE: "SNV") (www.synovus.com), No. 5 on FORTUNE magazine’s list of "The 100 Best Companies To Work For" in 2000.
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