The business is commonly referred to as just TSYS. It was established in 1983 but traces its implementations as a division of Columbus Bank and Trust (CB&T) in 1959. The company started processing credit cards for other banks in 1974 and eventually in 1983, the business became a separate venture. By developing and innovating their own platform for processing, the company has attracted more and more companies to do business with them. TSYS is the creator and owner of TS2 and TS1 technology platforms.
Through the contracts it has earned from their business partners, the company has grown into a multi-billion dollar venture. As the business grew, it also took advantage of those businesses that are on sale in the market. It has strategically acquired competing companies and earned its place as one of the trusted partners in moving money around the world. TSYS now has offices in the Asia-Pacific region, EMEA and in the Americas. It continues to support government agencies, financial institutions, businesses and consumers around the world. The services provided by the company are categorized into four segments: Acquiring Services, Merchant Solutions, Prepaid Services and Issuing Services.
Annually, TSYS generates more than $2.1 billion in revenue. It continues to trade publicly on the New York Stock Exchange, using the ticker symbol TSS. It is also a component of the S&P 500 and the Russell 3000 Indices. TSYS is the parent company of ProPay, NetSpend, Infonox, Columbus Productions, Inc., TSYS Acquiring Solutions, TSYS do Brasil, TSYS Card Tech, TSYS Europe, TSYS Japan and TSYS Merchant Solutions.