GA-based acquirer TSYS reported a solid first quarter (1Q/16) as total revenues hit $739 million, a jump of 11.7% year-on-year (YOY). Net income increased 16.6% YOY from $77.8 million in 1Q/15 to $90.6 million in 1Q/16. NetSpend continues to be a driving factor, up 19.3% YOY. Revenues for the North America Services segment increased 14.1%…
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.
GA-based acquirer TSYS reported a solid third quarter
with total revenues of $707.9 million, an increase of 14.8%.
Income from continuing operations attributable to TSYS’ shareholders was $120.6 million, an increase of 45.5%.
NY-based CardFlight, a specialist in mobile point of sale (POS) technology, has corralled $4.2 million in Series A funding. The financing will enable CardFlight to continue to grow its engineering team and accelerate the rollout of their EMV-approved mobile payment acceptance solutions in the U.S.
GA-based acquirer TSYS reported a solid second quarter as total revenues for hit $692.6 million, an increase of 15.1% over the prior year. Income from continuing operations attributable to TSYS’ shareholders was $82.8 million, a whopping increase of 38.6%.
Ingo Money and TSYS’ NetSpend and prepaid provider of choice to self-banked consumers and the brands that serve them have extended the utility of NetSpend and partner-branded prepaid card accounts, providing cardholders with access to funds from checks through NetSpend’s mobile banking platforms.
CardWeb.com’s CardData database of Company Profiles today features Ingo Money.
GA-based acquirer TSYS reported a solid first quarter as total revenues for hit $662.2 million, an increase of 11.7% over the prior year.Income from continuing operations was $77.8 million, a whopping year-on-year (YOY) increase of 57.7%.
The master of secure cash handling is bring its money skills to payment cards with the launch of the Brink’s Prepaid MasterCard. TSYS’ NetSpend is the exclusive program manager and processor for the Brink’s prepaid card, issued by BofI Federal Bank.
The Network Branded Prepaid Card Association (NBPCA) and NetSpend urged the CFPB to show restraint in its final rule and avoid imposing overly broad restrictions on prepaid accounts, which could destroy the market.
TSYS has named Thomas Boyer as president of TSYS Merchant Solutions, its direct acquiring business unit. Prior to joining TSYS, Boyer was senior vice president, portfolio management, at Bank of America Merchant Services.
Consumer Reports has named the Bluebird card (by American Express and Walmart) as the “Best” prepaid card, followed by the Chase Liquid (Visa).