SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
October 22, 2001
------------------------------
(Earliest Event Reported)
Total System Services, Inc.
(Exact Name of Registrant as Specified in its Charter)
| Georgia | 1-10254 | 58-1493818 |
| (State of | (Commission File | (IRS Employer Identification |
| Incorporation) | Number) | Number) |
1600 First Avenue, Columbus, Georgia
31901
-----------------------------------------------------
(Address of principal executive offices)
(706) 649-2267
-------------------------------------
(Registrant's Telephone Number)
(Former name or former address, if changed since last report)
| Item 5. | Other Events. |
On October 22, 2001, Total System Services,
Inc. ("Registrant") issued a press release
announcing a 10-year extension
to its long-term
credit card processing agreement with Providian Financial Corporation.
A copy of Registrant's press release regarding the announcement
referenced above is attached hereto as Exhibit 99
and by this reference is hereby incorporated by reference into
this Form 8-K and made a part hereof.
| Item 7. | Financial Statements, Pro Forma Financial Information and Exhibits. | |
| (a) Financial Statements - None. | ||
| (b) Pro Forma Financial Information - None. | ||
| (c) Exhibits | ||
| 99 - Registrant's press release, October 22, 2001. | ||
Signature
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, Registrant
has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
| TOTAL SYSTEM SERVICES, INC. ("Registrant") |
| Dated: October 22, 2001 | By:/s/ Kathleen Moates |
| Kathleen Moates Senior Deputy General Counsel |
3
| Eric Bruner | Renee Noble-Nolan |
| Media Relations | Corporate Communications |
| 706.644.8457 | 706.649.5363 |
| ebruner@tsys.com | rnolan@tsys.com |
Columbus, Ga., Oct. 22, 2001-- TSYS has signed a 10-year extension to its long-term credit card-processing agreement with Providian Financial Corporation, the fifth-largest bankcard issuer in the United States and one of the largest issuers of Visa "smart" cards. Providian, based in San Francisco, has been a customer of TSYS since 1986.
“In the history of our long relationship with Providian, they have become one of the largest and most successful bankcard issuers in the country,” says Philip W. Tomlinson, president of TSYS. “We are grateful for the opportunity to contribute to that success, and we expect it to continue as Providian expands into the future.”
“TSYS is an important strategic partner of Providian, and we’re pleased to extend our relationship,” said Jim Redmond, executive vice president of operations for Providian. TSYS currently processes about 18 million MasterCard and Visa consumer credit card accounts for Providian in the United States.
TSYS is one of the world’s largest providers of payment processing and payment services. The company is in the midst of a three-year strategic plan, VisionWorks. Read more about VisionWorks at www.tsys.com.
Winner of the 2001 Rochester Institute of Technology/USA Today Quality Cup for excellence in customer service, San Francisco-based Providian Financial (NYSE: “PVN”) is a leading provider of lending and deposit products to customers throughout the United States, and offers credit cards and deposit products in the U.K. and in Argentina. Providian Financial has been named one of America’s Most Admired Companies in a survey by FORTUNE magazine, one of the nation’s top financial institutions by U.S. Banker magazine, and one of the most technologically innovative companies in the U.S. by InformationWeek magazine. Providian Financial has more than $36 billion in assets under management and more than 18 million customer accounts.
TSYS (NYSE: “TSS”) (www.tsys.com) brings integrity and innovation to the world of electronic payments. TSYS serves as the integral link between buyers and sellers in the rapidly evolving universe of electronic payments. With more than 200 million accounts on file, TSYS makes it possible for millions of consumers to use their credit, debit, stored value, commercial, smart chip and retail cards anytime, anywhere through any medium or portal. TSYS and its family of companies offer a full range of acquiring and issuing services from accepting and settling electronic payments for goods and services, to credit applications, bankruptcy and collections. Based in Columbus, Ga., TSYS processes for 23 countries, in 14 currencies, in four languages and maintains operations in Canada, Mexico, Japan, and the United Kingdom. TSYS is an 80.8-percent-owned subsidiary of Synovus Financial Corp. (NYSE: “SNV”) (www.synovus.com ), No. 8 on FORTUNE magazine’s list of “The 100 Best Companies To Work For” in 2001. For more information, contact news@tsys.com.