Exhibit 99.1
| | | |
| Total System Services, Inc. | | PRESS RELEASE |
| One TSYS Way | | |
| Post Office Box 2567 | | |
| Columbus GA 31902-2567 | | |
| +1.706.649.2307 / +1.706.649.5740 | | |
| www.tsys.com | | |
For immediate release:
Contacts:
| | | | | |
| Cyle Mims | | Shawn Roberts | | Kevin Langin |
| TSYS Media Relations | | TSYS Investor Relations | | Director of Public Relations |
| +1.706.644.3110 | | +1.706.644.6081 | | +1.402.602.3541 |
cylemims@tsys.com | | shawnroberts@tsys.com | | klangin@fnni.com |
TSYS and First National Bank of Omaha
Finalize First National Merchant Solutions Joint Venture
Columbus, Ga., April 1, 2010 —TSYS (NYSE: TSS) and First National Bank of Omaha (FNBO) announced today the consummation of their joint venture transaction pursuant to which TSYS acquired a 51% interest in FNBO’s merchant acquiring business for approximately $150.5 million. FNBO retained a 49% interest in the newly formed company, First National Merchant Solutions, LLC (FNMS).
FNMS previously operated as a subsidiary of FNBO and offers merchant acquiring services, transaction processing and business and value-added services, as well as Visa®-and MasterCard®-branded prepaid cards. Ranked as the 10th-largest merchant acquirer in North America by dollar volume*, FNMS has more than 50 years of experience providing first-rate service and solutions to businesses across the United States. For more information, visitwww.fnms.com.
* The Nilson Report March 2009
About TSYS
TSYS (NYSE: TSS) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information contactnews@tsys.comor log on towww.tsys.com.TSYS routinely posts all important information on its Web site.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska has grown into the largest private banking company in the United States. First National and its affiliates have more than $17 billion in managed assets and nearly 5,700 employees located in 35 states. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
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2010
