Entry Details: 01/01/1983

Notes/Comments:

In 1983, TSYS became a separate publicly traded company. In 1991, TSYS invested more than $200 million to develop an integrated, option-driven processing system. In 1994, TSYS launched TS2^®, which remains the most advanced, most flexible and most successful processing system in the marketplace today. In 1998, TSYS upgraded TS2 to support multiple languages and currencies on a single platform. TSYS is the only company with a single platform capable of serving a client's portfolio on more than one continent. in April, 2005 TSYS Chief Executive Officer Phil Tomlinson told shareholders the credit-card processor fends off 100,000 identity theft hacking attempts each week. TSYS' profits are derived from processing electronic payments for major banks and credit-card issuers. The company earned nearly $1.2 billion in revenue in 2004, ending the year with 370 million consumer accounts and on track to reach 425 million accounts by the end of 2005.

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