SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* HANSON DWIGHT G (Last) (First) (Middle) 224 S. 108 AVENUE (Street) OMAHA NE 68154 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol TRANSACTION SYSTEMS ARCHITECTS INC [ TSAI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) SR. V.P. PLANNING & ANALYSIS
	3. Date of Earliest Transaction (Month/Day/Year) 09/18/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/31/2003		P		664(1)	A	$5.8735	17,582	D
Common Stock	09/17/2003		M		12,500	A	$5	30,082	D
Common Stock	09/17/2003		S		12,500	D	$17.2012	17,582	D
Common Stock	09/17/2003		M		2,000	A	$10.04	19,582	D
Common Stock	09/17/2003		S		2,000	D	$17.2012	17,582	D
Common Stock	09/17/2003		M		25,000	A	$10.04	42,582	D
Common Stock	09/17/2003		S		25,000	D	$17.2012	17,582	D
Common Stock	09/17/2003		M		9,000	A	$10.04	26,582	D
Common Stock	09/17/2003		S		9,000	D	$17.2012	17,582	D
Common Stock	09/17/2003		M		1,500	A	$13.875	19,082	D
Common Stock	09/17/2003		S		1,500	D	$17.2012	17,582	D
Common Stock	09/18/2003		M		33,023	A	$13.875	50,605	D
Common Stock	09/18/2003		S		33,023	D	$17.2142	17,582	D
Common Stock	09/18/2003		M		3,104	A	$13.875	20,686	D
Common Stock	09/18/2003		S		3,104	D	$17.2142	17,582	D
Common Stock	09/18/2003		M		13,333	A	$10.28	30,915	D
Common Stock	09/18/2003		S		13,333	D	$17.2142	17,582	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$5	09/17/2003		M			12,500	(2)	11/01/2004	Common Stock	12,500	$17.2012	0	D
Non-Qualified Stock Option (right to buy)	$10.04	09/17/2003		M			2,000	(3)	03/04/2012	Common Stock	2,000	$17.2012	34,000	D
Non-Qualified Stock Option (right to buy)	$10.04	09/17/2003		M			25,000	(3)	03/04/2012	Common Stock	25,000	$17.2012	9,000	D
Non-Qualified Stock Option (right to buy)	$10.04	09/17/2003		M			9,000	(3)	03/04/2012	Common Stock	9,000	$17.2012	0	D
Non-Qualified Stock Option (right to buy)	$10.28	09/18/2003		M			13,333	(4)	05/13/2012	Common Stock	13,333	$17.2142	26,667	D
Non-Qualified Stock Option (right to buy)	$13.875	09/17/2003		M			1,500	(2)	11/10/2010	Common Stock	1,500	$17.2012	57,243	D
Non-Qualified Stock Option (right to buy)	$13.875	09/18/2003		M			33,023	(2)	11/10/2010	Common Stock	33,023	$17.2142	24,220	D
Non-Qualified Stock Option (right to buy)	$13.875	09/18/2003		M			3,104	(2)	11/10/2010	Common Stock	3,104	$17.2142	21,116	D

Explanation of Responses:

1. Shares aquired under the Transaction Systems Architects Inc.1999 Employee Stock Purchase Plan on 7/31/03.

2. The options vest on an annual pro rata basis. All options which were exercised were vested prior to exercise.

3. The options vest on a monthly pro rata basis. All options which were exercised were vested prior to exercise.

4. The options become exercisable in three equal installments, commencing one year after the date of grant.

Remarks:

Excluding the transaction described in footnote 1, the date of earliest transaction for purposes of Box 3 is 9/17/2003.

	By: Dennis P Byrnes, Attorney In Fact For: Dwight G Hanson	09/19/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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