Kinney Named President and CEO of TSYS Total Debt Management
de Mayo Named Chairman of the Board
Columbus, Ga. and Atlanta, March 7, 2001 – Charles F. (Chuck) Kinney has been named president and chief executive officer (CEO) of TSYS Total Debt Management® (TDM), a collections and bankruptcy company. Former TDM president and CEO, Richard de Mayo, has been appointed chairman of the board with duties that include maintaining relationships with key clients. TDM is managed by Total System Services, Inc.® (TSYS®) (NYSE: "TSS") and owned by Synovus Financial Corp.® (NYSE: "SNV").
Kinney brings more than 33 years of financial experience to TDM, which he will use to lead the company’s strategic direction as well as continue TDM’s commitment to providing the most sophisticated collections and bankruptcy services in the industry.
"This reorganization within TDM enhances its business operations. Both Chuck and Richard are experts in their fields, and we are confident the new structure will benefit not only TDM but the entire TSYS family," said Richard W. Ussery, TSYS Chairman of the Board and CEO.
In 1999, Synovus acquired the debt collection and bankruptcy management business offered by Wallace & de Mayo, ranked by 1998 volume as the largest collections law firm and ranked by revenue as the fourth largest collections law firm in the nation by Faulkner & Gray, Inc. de Mayo was a founding partner of Wallace & de Mayo. After the acquisition, Wallace & de Mayo was merged into TSYS Total Debt Management and de Mayo was named president, where he served in this capacity from 1999 until the present.
Previously Kinney served as the president and CEO of CFK Consulting, Inc., focusing on the negotiation of credit card and other consumer asset purchases or sales for clients as well as assisting existing and start-up banks with aligning business strategy, risk and product development opportunities. Kinney has also served at multiple financial institutions, including The Prudential Bank and Trust in Atlanta, Ga., where he served as executive vice president and chief operations officer (COO).
Before his appointments at TDM, de Mayo served as special assistant attorney general for the State of Georgia. In 1979, de Mayo merged his law practice to form Wallace & de Mayo, P.C. de Mayo has more than 20 years of legal experience and has served on numerous bar committees. He has served as chairperson of the Debt Collections Seminar for Continuing Legal Education in Georgia, president of the Younger Lawyer Section of the State Bar of Georgia, secretary and treasurer of the State Bar of Georgia and on the Board of Medical Assistance of Georgia.
About TSYS Total Debt Management
With the most sophisticated collections applications in the industry, TSYS Total Debt ManagementSM (TDM) offers clients low-cost, high-value early out and recovery collections and agency management, bankruptcy process and legal account management, and skip tracing services. Located in Atlanta, Ga., TDM handles any or all portions of a client’s collections business.
TDM provides fully-integrated technology offerings like the National Attorney Network (NAN), its legal management unit, which is the nation’s largest legal collections network, serving retailers, banks and finance companies. NAN facilitates and manages the placement of legal collection cases at the account level from the creditor to the collection law firm.
About Total System Services, Inc.
TSYS provides global commerce solutions. With more than 197 million accounts on file, TSYS facilitates the payment exchange between buyers and sellers. TSYS and its family of companies offer a full range of acquiring and issuing business services from accepting electronic payments for goods and services to credit applications and collections for credit, debit, commercial, stored value, retail and chip accounts. TSYS has offices in the United States, the United Kingdom, Mexico, Canada and Japan, and processes for 21 countries and in 11 currencies. Based in Columbus, Ga., TSYS (www.totalsystem.com) is an 80.8 percent-owned subsidiary of Synovus Financial Corp. (www.synovus.com), No. 8 on FORTUNE magazine’s list of "The 100 Best Companies To Work For" in 2001. For more information, contact news@totalsystem.com.
Contacts:
Rebecca Stringer
Corporate Communications Specialist
Total System Services, Inc.
ph. (706) 649-7193
rstringe@totalsystem.com
Danita Gibson-Lloyd
Assoc. Dir., Corporate Communications
Total System Services, Inc.
ph. (706) 649-5578
dglloyd@totalsystem.com