SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
April 2, 1997
(Earliest Event Reported)
Total System Services, Inc.
(Exact Name of Registrant as
Specified in its Charter)
Georgia 1-10254 58-1493818
(State of (Commission File (IRS Employer
Incorporation) Number) Identification
Number)
1200 Sixth Avenue, Columbus, Georgia 31901
(Address of principal executive offices)
(706) 649-2267
(Registrant's Telephone Number)
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On April 2, 1997, Total System Services, Inc. ("Registrant") announced
an extension to the long-term contract with Charlotte, North Carolina-based
NationsBank to continue processing its credit card portfolio until 2005.
A copy of Registrant's press release regarding the announcement
referenced above is attached hereto as Exhibit 99, and by this reference made a
part hereof.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Financial Statements - None.
(b) Pro Forma Financial Information - None.
(c) Exhibits
99 - Registrant's press release, April 2, 1997
2
<PAGE>
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, Registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TOTAL SYSTEM SERVICES, INC.
("Registrant")
Dated: April 2, 1997 By:/s/ Kathleen Moates
----------------------- -------------------
Kathleen Moates
Deputy General Counsel
3
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For Immediate Release
Contacts: Danita Gibson-Lloyd Virginia Lewis
AVP/Corporate Relations Mgr. Account Executive
Total System Services, Inc. Ketchum Public Relations
(706)649-5578 (404)877-1842
[email protected] [email protected]
NationsBank Renews Card Processing Contract with Total System Services
Signs Multi-year Extension to Existing Long-term Agreement
Columbus, Ga., April 2, 1997 -Today, Total System Services, Inc., (NYSE - "TSS")
(TSYS), announced an extension to the long-term contract with Charlotte, North
Carolina-based NationsBank to continue processing its credit card portfolio
until 2005. NationsBank has been a customer of TSYS since the mid 1980's and is
one of the largest issuers of Visa and MasterCard credit cards in the United
States.
"We have enjoyed a very rewarding relationship with NationsBank over the
years, and we are extremely excited that it will continue with the signing of
this contract extension," said Philip W. Tomlinson, TSYS President. "NationsBank
has an outstanding reputation in the industry as a leader, offering unique,
innovative, and dynamic solutions to the market. We look forward to helping them
maintain their competitive edge and further achieve their business objectives by
providing outstanding processing technology, customer service and support."
NationsBank Corporation, headquartered in Charlotte, N.C., is a bank
holding company that provides financial products and services nationally and
internationally to individuals, businesses, corporations, institutional
investors and government agencies. Following its Jan.7, 1997 merger with
Boatmen's Bancshares Inc. of St. Louis. Mo., NationsBank has primary retail and
commercial banking operations in 16 states and the District of Columbia. On a
proforma combined basis, NationsBank had total assets of approximately $227
billion at year-end.
Headquartered in Columbus, Ga., TSYS is one of the world's largest
credit, debit, commercial and private-label card processing companies, serving
card issuing institutions located throughout the United States, Puerto Rico,
Canada and Mexico, representing more than 84 million cardholder accounts. TSYS
provides a comprehensive on-line system of data processing services marketed as
THE TOTAL SYSTEM(SM). In 1996, TSYS formed a joint venture with Visa(R) U.S.A.
to create Vital Processing Services L.L.C., a leading full-service merchant
services provider. TSYS' 1996 revenues totaled $311.6 million; the company is an
80.7 percent owned subsidiary of Synovus Financial Corp. (NYSE: "SNV"), an $ 8.6
billion asset, multi-financial services company that also includes 34 affiliates
in four Southeastern states, a full-service brokerage firm, a comprehensive
trust services provider and a mortgage services company. TSYS' Internet address
is http://www.totalsystem.com.
