TSYS Completes Acquisition of First National Merchant Solutions

Finalizes Remaining 49-Percent Interest

COLUMBUS, GA (January 4, 2011) TSYS (NYSE:TSS) 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 SolutionsM. 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.

"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 O'Neill, 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.

Source: TSYS; First National Bank of Omaha

Pingback: ACLS Certification
Pingback: Ego T
Pingback: [hier]
Pingback: Adidas Stan Smith
Pingback: flu symptoms
Pingback: Information Technology jobs
Pingback: Rushfit Reviews
Pingback: ειδησεις
Pingback: o8shop Online shopping israel
Pingback: just see page
Pingback: stor perde
Pingback: try this one
Pingback: Click Here
Pingback: website
Pingback: gmail inicio sesion
Pingback: iniciar sesion gmail
Pingback: correo electronico
Pingback: http://lundflyttstä
Pingback: aerial force review
Pingback: aerialforce
Pingback: cercacasa
Pingback: cigarette electronique
Pingback: payday loan
Pingback: Vibrator
Pingback: daspartyhaus
Pingback: Outsourcing Bonds
Pingback: Rigger Boots
Pingback: read more
Pingback: lose fat fast
Pingback: retro furniture melbourne
Pingback: Sanibel Real Estate
Pingback: New technique enables high-sensitivity view of cellular functions | Summer Vacation Ideas for Couples
Pingback: AppTec is leading in Mobile Device Management
Pingback: ‘Next Bush’ makes campaign filing in Texas (The Arizona Republic) | Watch Family Guy Online Hulu
Pingback: How Does A Debt Management Plan Work? | Affordable Vacation Ideas
Pingback: where to buy green coffee
Pingback: Click Here
Pingback: at Bing
Pingback: Check My Source
APRIL 16, 2014
Aio Launches ‘Group Save’ Plan on Multiple Lines

APRIL 15, 2014
SpendSmart to Work with Girl Scouts

APRIL 14, 2014
Advanced Cash Chooses Wave Crest for Prepaid

APRIL 10, 2014
FIS GenNOW Helps Financial Institutions Reach Consumers

APRIL 10, 2014
First Data Releases New SpendTrend Analysis
MORE NEWS [+]   
© 2014, The Prepaid Press