GA-based acquirer TSYS reported a solid third quarter as total revenues hit $707.9 million, an increase of 14.8% over the prior year. Net income soared by 43.3% year-on-year (YOY) from $85.2 million in 3Q/14 to $122.1 million in 3Q/15.
In the North America segment, TSYS transaction volume rose 47% YOY to 4.2 billion transactions. The gross number of accounts increased 27% YOY to 686 million.
For the International segment, TSYS transaction volume increased 9% YOY to 626 million transactions. The gross number of accounts rose 16.9% YOY to 74.9 million.
In the Merchant segment, TSYS POS transaction volume edged up 8.0% YOY to 1117 million transactions. The purchase dollar volume (PDV) increased 1.5% YOY to $12.1 billion.
In the NetSpend (prepaid) segment, TSYS Gross Dollar Volume (GDV) rose 22% to $5.4 billion. The number of cards (90 day active) increased 18% to 3.6 million.
TSYS GROSS REVENUES
3Q/14: $617 million
4Q/14: $635 million
1Q/15: $662 million
2Q/15: $693 million
3Q/15: $708 million
TSYS projects 2015 full year revenue to come in between $2728 million and $2746 million, or 11% to 12% YOY.
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