<PAGE>
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
Date of Report (date of earliest event reported): December 30, 1996
SPS TRANSACTION SERVICES, INC.
- -------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-10993 36-3798295
- ---------------------------- ---------------------- ----------------------
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
2500 Lake Cook Road, Riverwoods, Illinois 60015
- -------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (847) 405-3700
--------------------------
<PAGE>
Item 7. Financial Statements and Exhibits.
(c) Exhibits
20.1 Press Release of the Registrant dated December 30, 1996.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SPS TRANSACTION SERVICES, INC.
Date: December 30, 1996 By: /s/ Russell J. Bonaguidi
----------------------------------- -----------------------------
Russell J. Bonaguidi
<PAGE>
EXHIBIT INDEX
------------------------
Exhibit
Number Description of Exhibits
- ------- -----------------------
20.1 Press Release of the Registrant dated December 30, 1996.
<PAGE>
EXHIBIT 20.1
NEWS RELEASE
For Release: Immediate
Contact: Jean Fargo Dave Rai
Corporate Communications Investor Relations
(847) 405-3953 (847) 405-4103
SPS COMMENTS ON TANDY ANNOUNCEMENT
Riverwoods, Ill., December 30, 1996 -- SPS Transaction Services, Inc. commented
today about the effect of the recent announcement by Tandy Corporation
regarding its Incredible Universe, Computer City and McDuff stores.
"Given our contractual arrangements with Tandy, we do not expect that their
actions will have a material effect on SPS' financial condition or on the
results of our operations," said Robert L. Wieseneck, SPS president and chief
executive officer. "SPS will continue to own and service the related
portfolios."
SPS Transactions Services, Inc. (NYSE:PAY), a majority-owned subsidiary of
Dean Witter, Discover & Co., provides a range of technology outsourcing
services including network transaction processing, consumer private label
credit card programs, commercial accounts receivable processing and
teleservices.
###
