<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Transaction Systems Architects, Inc.
------------------------------------------------
(Name of Issuer)
Class A Common Stock, $.005 par value
-------------------------------------------------
(Title of Class of Securities)
893416107
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 15 pages
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CUSIP No. 893416107 13G Page 2 of 15 pages
- ----------------------- ------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ABS Capital Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 2,101,016 shares
OWNED BY
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares
WITH
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,101,016 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,101,016 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 15 pages
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CUSIP No. 893416107 13G Page 3 of 15 pages
- ----------------------- ------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ABS Partners, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 2,101,016 shares
OWNED BY
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares
WITH
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,101,016 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,101,016 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 15 pages
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CUSIP No. 893416107 13G Page 4 of 15 pages
- ----------------------- ------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Donald B. Hebb, Jr.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 2,101,016 shares
OWNED BY
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares
WITH
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,101,016 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,101,016 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 15 pages
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CUSIP No. 893416107 13G Page 5 of 15 pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Timothy T. Weglicki
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
NUMBER OF ----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 2,101,016 shares
OWNED BY
EACH ----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 0 shares
WITH
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,101,016 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,101,016 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 15 pages
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CUSIP No. 893416107 13G Page 6 of 15 pages
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Frederick L. Bryant
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES
BENEFICIALLY ----------------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH 2,101,016 shares
REPORTING
PERSON ----------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0 shares
----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,101,016 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,101,016 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.8%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 15 pages
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CUSIP No. 893416107 Page 7 of 15 pages
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Item 1(a). Name of Issuer: Transaction Systems Architects, Inc.
--------------
Item 1(b). Address of Issuer's Principal Executive Offices:
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330 South 108th Avenue, Omaha, NE 68154
<TABLE>
<CAPTION>
Item 2(a) Item 2(b) Item 2(c)
- --------- --------- ---------
Citizenship or Place
Name of Person Filing Address of Organization
- --------------------- ------- --------------------
<S> <C> <C>
ABS Capital Partners, L.P. ("ABS Capital"), a 1 South Street Delaware
Delaware limited partnership Baltimore, MD 21202
ABS Partners, L.P. ("ABS Partners"), a Delaware 1 South Street Delaware
limited partnership and the sole general Baltimore, MD 21202
partner of ABS Capital
Donald B. Hebb, Jr., Frederick L. Bryant and 1 South Street United States
Timothy L. Weglicki; general partners of ABS Baltimore, MD 21202
Partners (the "Investing General Partners")
</TABLE>
Item 2(d). Title of Class of Securities: Class A Common Stock, $.005
----------------------------
par value per share.
Item 2(e). CUSIP Number: 893416107
------------
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
---------------------------------------------------------
13d-2(b), check whether the person filing is a:
-----------------------------------------------
(a) [ ] Broker or Dealer registered under
Section 15 of the Securities Exchange
Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of
the Act.
(c) [ ] Insurance Company as defined in
Section 3(a)(19) of the Act.
Page 7 of 15 pages
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CUSIP No. 893416107 13G Page 8 or 15 pages
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(d) [ ] Investment Company registered under
Section 8 of the Investment Company
Act of 1940.
(e) [ ] Investment Adviser registered under
Section 203 of the Investment Advisers
Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund
which is subject to the provisions of
the Employee Retirement Income
Security Act of 1974 or Endowment
Fund; see Rule 13d-1(b)(1)(ii)(F) of
the Act.
(g) [ ] Parent Holding Company, in accordance
with Rule 13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-
1(b)(1)(ii)(H) of the Act.
None of the above.
Item 4. Ownership.
---------
(a) Amount Beneficially Owned:
ABS Capital beneficially owns 2,101,016 shares (the
"Shares") of Class A Common Stock as of December 31, 1996.
ABS Capital has the power to vote or direct the disposition
of all of the Shares. Such power is exercised through ABS
Partners as the sole general partner of ABS Capital. ABS
Partners, as the general partner of ABS Capital, may be
deemed to beneficially own the Shares. The Investing
General Partners have the power over all voting and
investment decisions of ABS Partners and therefore may be
deemed to share beneficial ownership of the Shares. Each of
the Investing General Partners and ABS Partners expressly
disclaims beneficial ownership of the Shares.
(b) Percent of Class:
The Shares represent 8.8% of the outstanding Class A Common
Stock (based on 23,997,653 shares of Class A Common Stock
outstanding as of December 31, 1996, as confirmed verbally
by the Issuer's transfer agent).
Page 8 of 15 pages
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CUSIP No. 893416107 13G Page 9 of 15 pages
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(c) Number of shares as to which each such person has:
(i) Sole power to vote or to direct the vote:
Each of ABS Capital, ABS Partners and the Investing
General Partners has sole power to vote or direct
the vote of -0- shares.
(ii) Shared power to vote or direct the vote:
ABS Capital, ABS Partners and the Investing General
Partners have shared power to vote or to direct the
vote of 2,101,016 shares.
(iii) Sole power to dispose or direct the disposition
of:
Each of ABS Capital, ABS Partners and the Investing
General Partners has sole power to dispose or to
direct the disposition of -0-shares.
(iv) Shared power to dispose or direct the disposition
of:
ABS Capital, ABS Partners and each of the Investing
General Partners have shared power to dispose or to
direct the disposition of 2,101,016 shares.
Item 5. Ownership of Five Percent or Less of a Class.
--------------------------------------------
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
---------------------------------------------------------------
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
------------------------------------------------------------------
the Security Being Reported on by the Parent Holding Company.
------------------------------------------------------------
Not applicable.
Item 8. Identification and Classification of Members of the Group.
---------------------------------------------------------
ABS Capital, ABS Partners and each of the Investing General
Partners expressly disclaim membership in a "group" as defined in
Rule 13d-1(b)(ii)(H).
Item 9. Notice of Dissolution of Group.
------------------------------
Not applicable.
Page 9 of 15 pages
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CUSIP No. 893416107 13G Page 10 of 15 pages
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Item 10. Certification.
-------------
Not applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
Page 10 of 15 pages
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CUSIP No. 893416107 13G Page 11 or 15 pages
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Signature
---------
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct. We also hereby agree to file this
statement jointly pursuant to the Agreement listed on Exhibit 1 hereto.
---------
Dated: February 10, 1997
ABS CAPITAL PARTNERS, L.P.
By: ABS Partners, L.P.
By: *
--------------------------
General Partner
ABS PARTNERS, L.P.
By: *
--------------------------
General Partner
*
- -----------------------------
Donald B. Hebb, Jr.
*
- -----------------------------
Frederick L. Bryant
*
- -----------------------------
Timothy T. Weglicki
*The undersigned attorney-in-fact, by signing her name below, does hereby sign
this statement on behalf of the above indicated filers pursuant to Powers of
Attorney filed hereto as Exhibit 2.
---------
/s/ Mary S. Emmerling
- -----------------------------
Mary S. Emmerling
Attorney-in-Fact
Page 11 of 15 pages
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CUSIP No. 893416107 13G Page 12 of 15 pages
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Exhibit 1
---------
Agreement
---------
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of
1934, the undersigned hereby agree that only one statement containing the
information required by Schedule 13G need be filed on behalf of all of the
undersigned with respect to the ownership of shares of Class A Common Stock of
Transaction Systems Architects, Inc. by ABS Capital Partners, L.P.
This agreement may be executed in any number of counterparts, each of
which shall be deemed an original.
EXECUTED as a sealed instrument this 10th day of February, 1997.
ABS CAPITAL PARTNERS, L.P.
By: ABS Partners, L.P.
By: *
--------------------------
General Partner
ABS PARTNERS, L.P.
By: *
--------------------------
General Partner
*
- -----------------------------
Donald B. Hebb, Jr.
*
- -----------------------------
Frederick L. Bryant
*
- -----------------------------
Timothy T. Weglicki
*The undersigned attorney-in-fact, by signing her name below, does hereby sign
this statement on behalf of the above indicated filers pursuant to Powers of
Attorney filed hereto as Exhibit 2.
---------
/s/ Mary S. Emmerling
- -----------------------------
Mary S. Emmerling
Attorney-in-Fact
Page 12 of 15 pages
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CUSIP No. 893416107 13G Page 13 of 15 pages
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Exhibit 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Mary S. Emmerling his true and
lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for him and in his name, place and stead, in any and all
capacities (until revoked in writing) to sign any and all instruments,
certificates and documents required to be executed on behalf of himself
individually or on behalf of each or any of ABS Capital Partners, L.P., ABS
Partners, L.P., ABS Capital Partners II, L.P., ABS Partners II, L.L.C., TSI
Investment Partners, L.P., or TSI General Partner, L.L.C. pursuant to Section 13
and Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and any and all regulations promulgated thereunder, and to file the same,
with all exhibits thereto, and any other documents in connection therewith, with
the Securities and Exchange Commission, and with any other entity when and if
such is mandated by the Exchange Act or by the By-laws of the National
Association of Securities Dealers, Inc., granting unto said attorney-in-fact and
agent full power and authority to do and perform each and every act and thing
requisite and necessary fully to all intents and purposes as he might or could
do in person thereby and ratifying and confirming all that said attorney-in-fact
and agent, or his substitute or substitutes, may lawfully do or cause to be done
by virtue hereof, or may have done in connection with the matters described
above.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
Page 13 of 15 pages
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CUSIP No. 893416107 13G Page 14 of 15 pages
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IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1997.
ABS CAPITAL PARTNERS, L.P.
By: ABS Partners, L.P.
By: /s/ Donald B. Hebb, Jr.
------------------------------
Donald B. Hebb, Jr.
General Partner
ABS PARTNERS, L.P.
By: /s/ Donald B. Hebb, Jr.
------------------------------
Donald B. Hebb, Jr.
General Partner
ABS CAPITAL PARTNERS II, L.P.
By: ABS Partners II, L.L.C.
By: /s/ Donald B. Hebb, Jr.
------------------------------
Donald B. Hebb, Jr.
Manager
ABS PARTNERS II, L.L.C.
By: /s/ Donald B. Hebb, Jr.
------------------------------
Donald B. Hebb, Jr.
Manager
Page 14 of 15 pages
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CUSIP No. 893416107 13G Page 15 or 15 pages
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TSI INVESTMENT PARTNERS, L.P.
By: TSI General Partner, L.L.C.
By: /s/ Donald B. Hebb, Jr.
------------------------------
Donald B. Hebb, Jr.
Manager
TSI GENERAL PARTNER, L.L.C.
By: /s/ Donald B. Hebb, Jr.
------------------------------
Donald B. Hebb, Jr.
Manager
/s/ Donald B. Hebb, Jr.
- ---------------------------------
Donald B. Hebb, Jr.
/s/ Frederick L. Bryant
- ---------------------------------
Frederick L. Bryant
/s/ Timothy T. Weglicki
- ---------------------------------
Timothy T. Weglicki
Page 15 of 15 pages
