Proprietary Report with Analysis on TSYS Payments-Related Performance.
GA-based acquirer TSYS reported a solid first quarter (1Q/17) as total revenues hit $1185 million, a jump of 60.4% year-on-year (YOY). Net income increased 16.9% YOY from $90.6 million in 1Q/16 to $105.9 million in 1Q/17.
Revenues for the Merchant Services segment increased 99.2% YOY to $261 million for 1Q/17, compared to $262 million in the prior quarter and $121 million in the year ago quarter.
Revenues for the NetSpend segment soared 6.5% YOY to . . . .