TSYS Announces Agreement to Acquire ProPay

  TSYS Announces Agreement to Acquire ProPay

  Move will give TSYS mobile and self-enrollment capabilities for small and
                               micro-merchants

Business Wire

COLUMBUS, Ga. -- November 15, 2012

TSYS (NYSE: TSS) announced today that it has signed an agreement to acquire
ProPay^®, a Lehi, Utah-based company, that provides simple, secure and
affordable payment solutions for organizations ranging from small, home based
entrepreneurs to multi-billion dollar enterprises.

Founded in 1997, ProPay currently processes for approximately 250,000 small
and micro-merchants, with a strong footprint among Direct Selling Entities
(DSEs). It offers merchants self-enrollment, instant activation and simplified
pricing to begin accepting payments anytime or anywhere — online and offline.
ProPay offers a mobile payment acceptance dongle — branded as ProPay JAK^TM —
that attaches to smart phones and tablets to securely process payments and
encrypt data.

“The acquisition of ProPay is another step in our long stated goal of becoming
a top 10 global acquirer that delivers innovative products,” said Philip W.
Tomlinson, chairman of the board and chief executive officer, TSYS. “The move
positions TSYS to capitalize on the explosive growth of mobile and more
effectively compete in the small and micro-merchant segment.”

“We have been a long-standing TSYS customer and it has been an excellent
partnership. We are well acquainted with their team, offerings and culture,
and know this will be a great fit for our customers and team,” said Gary
Goodrich, chief executive officer and director, ProPay. “We are focused on
expanding and accelerating the growth of our business in the U.S. and
International markets, now with the power and reputation of the TSYS brand.”

The transaction is expected to close in late 2012, pending regulatory
approvals and customary closing conditions. Upon closing, ProPay will become a
wholly owned subsidiary of TSYS and maintain its location in Lehi, Utah. Terms
of the deal are not being disclosed. Financial Technology Partners LP and FTP
Securities LLC (together “FT Partners”) acted as exclusive financial and
strategic advisors to ProPay and its Board of Directors in this transaction.

About ProPay

Since 1997, ProPay has provided simple, secure, and affordable payment
solutions for organizations ranging from the small, home-based entrepreneur to
multi-billion-dollar enterprises. ProPay is a leading provider of complete
End-to-End Payment Security solutions designed to significantly reduce the
client organization’s risk of having sensitive payment data compromised.
ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award.
ProPay is privately held company, headquartered in Lehi, Utah.For
information, visit www.propay.com.

About TSYS

At TSYS, (NYSE: TSS), we believe payments should revolve around people — not
the other way around. We call this belief "People-Centered Payments^SM." By
putting people at the center of every decision we make, with unmatched
customer service and industry insight, TSYS is able to support financial
institutions, businesses and governments in more than 80 countries. Offering
merchant payment-acceptance solutions as well as services in credit, debit,
prepaid, mobile, chip, healthcare and more, we make it possible for those in
the global marketplace to conduct safe and secure electronic transactions with
trust and convenience.

TSYS’ headquarters are located in Columbus, Georgia, with local offices spread
across the Americas, EMEA and Asia-Pacific. TSYS provides services to more
than half of the top 20 international banks, is a Fortune 1000 company and was
named one of the 2012 World's Most Ethical Companies by Ethisphere magazine.
For more information, please visit us at www.tsys.com.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking
statements” within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
include, among others, statements about the benefits of the acquisition and
the expected timing for closing the acquisition. These statements are based on
the current beliefs and expectations of TSYS’ management and are subject to
known and unknown risks and uncertainties. Actual results may differ
materially from those contemplated by the forward-looking statements. A number
of important factors could cause actual results to differ materially from
those contemplated by our forward-looking statements, including, but not
limited to: (i)the acquisition may disrupt TSYS’ current business operations
and TSYS may not be able to successfully manage growth; (ii)TSYS may not be
able to retain key personnel; (iii)customers may not react favorably to the
acquisition; and (iv)the expected closing date of the acquisition may be
delayed and the acquisition may not close. For further information regarding
the risks associated with TSYS’ business, please refer to TSYS’ filings with
the Securities and Exchange Commission, including our Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We
believe these forward-looking statements are reasonable; however, undue
reliance should not be placed on any forward-looking statements, which are
based on current expectations. We do not assume any obligation to update any
forward-looking statements as a result of new information, future developments
or otherwise.

Contact:

TSYS Media Relations
Cyle Mims, +1.706.644.3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1.706.644.6081
shawnroberts@tsys.com
 
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