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TSYS Reports First Quarter 2013 Basic Earnings per Share of $0.31; Excluding Merger and Acquisition Costs, Basic EPS was $0.33

  TSYS Reports First Quarter 2013 Basic Earnings per Share of $0.31; Excluding
  Merger and Acquisition Costs, Basic EPS was $0.33 up 11.5%

Business Wire

COLUMBUS, Ga. -- April 23, 2013

TSYS (NYSE: TSS) today reported results for the first quarter with basic
earnings per share (EPS), excluding expenses in connection with the pending
acquisition of NetSpend Holdings, Inc. (NetSpend), of $0.33, an increase of
11.5% over 2012. Basic EPS on a GAAP basis was $0.31, an increase of 2.2% over
2012. Diluted EPS was $0.30, an increase of 1.7% over 2012. Revenues before
reimbursable items for the quarter were $404.2 million, an increase of 2.3%
over 2012. Total revenues were $465.0 million, an increase of 0.8% as compared
to 2012. Total revenues were impacted by a decrease of $5.2 million in
reimbursable items for the quarter.

“Our issuer processing business had strong same client transaction growth of
8.7% in the quarter. Excluding deconverted clients in the indirect merchant
business, point-of-sale transactions increased 6.6% and sales volume in the
direct merchant business was up 15.5%, including acquisitions. Also
contributing to our strong results was our consolidated internal revenue
growth of 3.9%, excluding the Bank of America Merchant Services de-conversion,
combined with acquisitions in the acquiring space, which added 4.4% to our
growth in revenues before reimbursable items,” said Philip W. Tomlinson,
chairman and chief executive officer of TSYS.

“We recognized the financial results associated with our acquisition of
ProPay, Inc., during the quarter and we look forward to benefiting from the
new sales channels they provide in our merchant segment. Merger and
acquisition expenses associated with the pending acquisition of NetSpend were
$6.2 million in the quarter,” said Tomlinson.

Conference Call

TSYS will host its quarterly conference call at 5:00 p.m. ET on Tuesday, April
23. The conference call can be accessed via simultaneous Internet broadcast at
tsys.com by clicking on the link under "Webcasts" on the main homepage. The
replay will be archived for 12 months and will be available approximately 30
minutes after the completion of the call. A slide presentation to accompany
the call will be available by clicking on the link under "Webcasts" on the
main homepage of tsys.com.

Non-GAAP Measures

The financial highlights section of this release and this release contain the
non-GAAP financial measures of revenues and operating results on a constant
currency basis, basic EPS excluding merger and acquisition costs and revenues
excluding reimbursable items, respectively, to describe TSYS’ performance.
Management uses these non-GAAP financial measures to better understand and
assess TSYS’ operating results and financial performance. TSYS believes these
non-GAAP financial measures provide meaningful additional information about
TSYS to assist investors in understanding and evaluating its operating
results.

Additional information about non-GAAP financial measures and a reconciliation
of those measures to the most directly comparable GAAP measures are included
on pages 11 and 12 of this release.

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, and has been named one of the
2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely
posts all important information on its website, for more please visit us at
www.tsys.com.

Forward-Looking Statements

This press release contains “forward-looking statements” – that is, statements
related to future, not past, events. Forward-looking statements often address
our expected future business and financial performance and often contain words
such as “expect,” “anticipate,” “intend,” “believe,” “should,” “plan,” “will,”
“could,” and similar expressions. These forward-looking statements include,
among others, statements regarding the pending NetSpend acquisition and
anticipated benefits from the ProPay acquisition. These statements are based
on the current beliefs and expectations of TSYS' management, are based on
management’s assumptions and are subject to significant 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 in this press release. Many of these factors are
beyond TSYS' ability to control or predict. These factors include, but are not
limited to, the risks described in TSYS' filings with the Securities and
Exchange Commission, including our most recent Annual Report on Form 10-K 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.

                                                                     
TSYS
Financial Highlights
(unaudited)
(in thousands, except per share data)                                        
                                                                 
                                             Three Months Ended
                                             March 31,
                                                                     Percent
                                             2013       2012       Change
                                                                             
Total revenues                             $ 464,996     461,162     0.8     %
                                                                   
Cost of services                             320,558     318,258     0.7
Selling, general and administrative          66,054      58,073      13.7
expenses
Merger and acquisition expenses              3,481      -          na
                                                                             
Operating income                             74,903      84,831      (11.7 )
                                                                             
Nonoperating income (expenses)               1,018       (405    )   nm
Merger and acquisition expenses - bridge     (2,743  )   -          na
loan facility
                                                                             
Income before income taxes,
noncontrolling interests
and equity in income of equity               73,178      84,426      (13.3 )
investments
Income taxes                                 17,846     29,556     (39.6 )
Income before noncontrolling interests
and
equity in income of equity investments       55,332      54,870      0.8
Equity in income of equity investments       3,817      2,774      37.6
Net income                                   59,149      57,644      2.6
Net income attributable to                   (2,121  )   (1,249  )   (69.8 )
noncontrolling interests
                                                                             
Net income attributable to TSYS common     $ 57,028     56,395     1.1     %
shareholders
                                                                             
Basic earnings per share                   $ 0.31       0.30       2.2     %
                                                                             
Diluted earnings per share                 $ 0.30       0.30       1.7     %
                                                                             
                                                                             
Dividends declared per share               $ 0.10       0.10    
                                                                             
nm = not meaningful
                                                                             
                                                                             

                                                         
TSYS
Consolidated Statements of Comprehensive Income
(unaudited)
(in thousands)
                                                           
                                                                 
                                                     Three Months Ended
                                                     March 31,
                                                                 
                                                     2013       2012
                                                                 
Net income                                         $ 59,149      57,644
Other comprehensive income (loss), net of tax:
   Foreign currency translation adjustments          (12,646 )   2,963
   Postretirement healthcare plan adjustments        155        263
Other comprehensive income (loss)                    (12,491 )   3,226
Comprehensive income                                 46,658      60,870
Comprehensive income attributable to
noncontrolling interests                             467        541
Comprehensive income attributable to
   TSYS common shareholders                        $ 46,191     60,329
                                                                 
                                                                 

                                                         
TSYS
Earnings Per Share
(unaudited)
(in thousands, except per share data)
                                                             
                                                                 
                         Three Months Ended          Three Months Ended
                         March 31, 2013              March 31, 2012
                         Common      Participating   Common      Participating
                         Stock       Securities      Stock       Securities
                                                                 
Basic Earnings per
share:
Net income             $ 57,028                      56,395
Less income allocated    (209    )   209             (196    )   196
to nonvested awards
Net income allocated
to common stock for
EPS calculation ( a )  $ 56,819     209             56,199     196
                                                                 
Average common shares    186,108    699             188,052    667
outstanding ( b )
                                                                 
Average common shares
and participating        186,807                    188,719 
securities
                                                                 
Basic Earnings per     $ 0.31       0.30            0.30       0.29
share ( a )/( b )
                                                                 
Diluted Earnings per
share:
Net income             $ 57,028                      56,395
Less income allocated    (208    )   208             (196    )   196
to nonvested awards
Net income allocated
to common stock for
EPS calculation ( c )  $ 56,820     208             56,199     196
                                                                 
Average common shares    186,108     699             188,052     667
outstanding
Increase due to
assumed issuance of
shares related
to common equivalent     1,274                     1,010      
shares outstanding
                                                                 
Average common and
common
equivalent shares        187,382    699             189,062    667
outstanding ( d )
                                                                 
Average common and
common
equivalent shares and
participating            188,081                    189,729 
securities
                                                                 
Diluted Earnings per   $ 0.30       0.30            0.30       0.29
share ( c )/( d )
                                                                 
                                                                 

                                                                      
TSYS
Segment Breakdown
(unaudited)
(in thousands)                                                               
                                                                   
                            Three Months Ended March 31,                     
                                                                             
                                                         Change              
                             2013        2012        $         %     
Revenues before
reimbursable items
North America Services    $   205,596       204,050      1,546       0.8     %
International Services        92,593        96,491       (3,898  )   (4.0  )
Merchant Services             109,301       98,356       10,945      11.1
Intersegment revenues        (3,253    )  (3,717     ) 464        12.5
Revenues before
reimbursable items
from external customers   $  404,237     395,180     9,057      2.3     %
                                                                             
Total revenues
North America Services    $   239,789       240,599      (810    )   (0.3  ) %
International Services        97,096        100,360      (3,264  )   (3.3  )
Merchant Services             132,901       125,518      7,383       5.9
Intersegment revenues        (4,790    )  (5,315     ) 525        9.9
Revenues from external    $  464,996     461,162     3,834      0.8     %
customers
                                                                             
Depreciation and
amortization
North America Services    $   18,083        18,453       (370    )   (2.0  ) %
International Services        12,852        12,911       (59     )   (0.5  )
Merchant Services             11,153        8,786        2,367       26.9
Corporate Admin              410         723         (313    )   (43.3 )
Total depreciation and    $  42,498      40,873      1,625      4.0     %
amortization
                                                                             
Segment operating income
North America Services    $   67,202        68,347       (1,145  )   (1.7  ) %
International Services        6,626         4,113        2,513       61.1
Merchant Services             29,327        34,219       (4,892  )   (14.3 )
Corporate Admin              (28,252   )  (21,848    ) (6,404  )   (29.3 )
Operating income          $  74,903      84,831      (9,928  )   (11.7 ) %
                                                                             
Other:
Reimbursable items:
North America Services    $   34,193        36,549       (2,356  )   (6.4  ) %
International Services        4,503         3,869        634         16.4
Merchant Services             23,600        27,162       (3,562  )   (13.1 )
Intersegment revenues        (1,537    )  (1,598     ) 61         3.8
Reimbursable items        $  60,759      65,982      (5,223  )   (7.9  ) %
                                                                             
Volumes:
FTEs (full-time
equivalents)
North America Services        4,214         3,886        328         8.4     %
International Services        2,322         2,697        (375    )   (13.9 )
Merchant Services             1,581         1,213        368         30.3
Corporate Admin              435         407         28         6.9
FTEs                         8,552       8,203       349        4.3     %
                                                                             
                            At                           Change
Total assets (in             3/31/2013   12/31/2012  $         %     
thousands)
North America Services    $   1,769,195     1,744,877    24,318      1.4     %
International Services        396,529       445,642      (49,113 )   (11.0 )
Merchant Services             710,928       703,725      7,203       1.0
Intersegment assets          (837,458  )  (870,406   ) 32,948     3.8
Total assets              $  2,039,194   2,023,838   15,356     0.8     %
                                                                             
                                                                             
                            Three Months Ended March 31,                     
                                                                             
                                                         Change              
                             2013        2012        Inc(Dec)   %     
North America Segment:
Accounts on File (AOF)        422.8         361.8        61.0        16.9    %
(in millions)
Transactions (in              2,013.4       1,867.2      146.2       7.8     %
millions)
                                                                             
International Segment:
AOF (in millions)             55.8          54.1         1.7         3.2     %
Transactions (in              434.2         383.0        51.2        13.4    %
millions)
                                                                             
Merchant Segment:
Point-of-sale
Transactions (in              1,099.1       1,219.7      (120.6  )   (9.9  ) %
millions)
Dollar sales volume (in     $ 10,132.3    $ 8,775.1      1,357.2     15.5    %
millions)
                                                                             
                                                                             


                                                              
TSYS
Reclassification of Operating Segment Breakdown Due to Two Corporate Initiatives
(unaudited)
(in thousands)
                                                                    
                Three Months Ended                          
                                                                        Three
                                                                        Months
                                                                        Ended
                Mar 31,   Jun 30,   Sep 30,   Dec 31,       Total       Mar 31,
                2012     2012     2012     2012         2012       2013    
                                                                        
                                                                        
Depreciation
and
amortization
North America $ 18,453    18,821    18,582    18,816        74,672      18,083
Services
International   12,911    15,006    14,701    14,510        57,128      12,852
Services
Merchant        8,786     8,667     9,290     9,509         36,252      11,153
Services
Corporate       723      719      669      446          2,557      410     
Admin
Total
depreciation  $ 40,873   43,213   43,242   43,281       170,609    42,498  
and
amortization
                                                                        
Segment
operating
income
North America $ 68,347    72,231    70,080    78,835        289,493     67,202
Services
International   4,113     9,438     7,725     6,058         27,334      6,626
Services
Merchant        34,219    32,950    34,508    30,438        132,115     29,327
Services
Corporate       (21,848 ) (22,523 ) (21,420 ) (25,500 )     (91,291 )   (28,252 )
Admin
Operating     $ 84,831   92,096   90,893   89,831       357,651    74,903  
income
                                                                        
Volumes:
FTEs
(full-time
equivalents)
North America   3,886     3,964     4,014     4,096                     4,214
Services
International   2,697     2,624     2,517     2,404                     2,322
Services
Merchant        1,213     1,242     1,427     1,481                     1,581
Services
Corporate       407      415      425      425                      435     
Admin
FTEs            8,203    8,245    8,383    8,406                    8,552   
                                                                        
                                                                        
                                                                        
Note: Effective January 1, 2013, TSYS embarked on two corporate-wide initiatives
that impacts all three operating segments. One is a multi-year, multi-phase
initiative that will consist of enhancing TSYS' issuing processing platforms. The
other is an innovation initiative focused on enhancing existing products and
service offerings through several new product concepts and ideas on how to change
existing processes. The costs associated with these two new initiatives will not
be allocated to the operating segments, but will be combined, along with existing
corporate administration, in a grouping titled "Corporate Admin and Other" based
upon the chief operating decision maker's request and will be used to evaluate
performance and assess resources. Prior to 2012, TSYS incurred some of these
expenses in the North America Services segment. The schedule above restates the
operating segments in prior periods for the change.

                                                             
TSYS
Balance Sheet
(unaudited)
(in thousands)
                                                 Mar 31, 2013   Dec 31, 2012
Assets                                                         
Current assets:
Cash and cash equivalents                      $ 223,097          247,612
Restricted cash                                  9,046            282
Accounts receivable, net                         237,257          247,083
Deferred income tax assets                       8,232            9,825
Prepaid expenses and other current assets        89,070           69,924
                                                               
Total current assets                             566,702          574,726
Goodwill                                         517,147          518,344
Property and equipment, net                      252,797          260,389
Computer software, net                           254,785          226,917
Contract acquisition costs, net                  162,094          161,267
Other intangible assets, net                     124,325          130,054
Equity investments, net                          91,751           87,764
Deferred income tax assets, net                  5,125            5,334
Other assets                                     64,468           59,043
                                                               
Total assets                                   $ 2,039,194     2,023,838  
                                                                  
Liabilities
Current liabilities:
Accounts payable                               $ 33,143           63,370
Current portion of notes payable                 24,363           27,361
Current portion of obligations under capital     23,007           13,263
leases
Accrued salaries and employee benefits           16,539           26,243
Other current liabilities                        123,145          100,282
                                                               
Total current liabilities                        220,197          230,519
Long-term debt, excluding current portion        169,229          174,859
Deferred income tax liabilities                  54,103           48,074
Obligations under capital leases, excluding      16,517           17,155
current portion
Other long-term liabilities                      65,602           68,791
                                                               
Total liabilities                                525,648       539,398    
Redeemable noncontrolling interest               40,589        39,505     
Equity
Shareholders' equity:
Common stock                                     20,280           20,247
Additional paid-in capital                       139,815          141,793
Accumulated other comprehensive income (loss),   (9,431     )     1,408
net
Treasury stock                                   (283,403   )     (287,301   )
Retained earnings                                1,587,540     1,549,063  
Total shareholders' equity                       1,454,801     1,425,210  
Noncontrolling interests in consolidated         18,156        19,725     
subsidiaries
Total equity                                     1,472,957     1,444,935  
Total liabilities and equity                   $ 2,039,194     2,023,838  
                                                                  
                                                                  

                                                              
TSYS
Cash Flow
(unaudited)
(in thousands)
                                                  Three Months Ended March 31,
                                                  2013          2012      
                                                                 
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income                                      $ 59,149         57,644
Adjustments to reconcile net income to net cash
provided by operating activities:
Equity in income of equity investments            (3,817     )   (2,774    )
Net loss on foreign currency translation          (45        )   504
Depreciation and amortization                     42,498         40,873
Amortization of debt issuance costs               2,860          47
Changes in fair value of private equity           (1,227     )   -
investments
Share-based compensation                          4,593          3,598
Excess tax benefit from share-based payment       (536       )   (510      )
arrangements
Provisions for bad debt expense and billing
adjustments                                       376            (144      )
Charges for transaction processing provisions     4,160          1,063
Deferred income tax expense (benefit)             9,442          6,425
(Gain) loss on disposal of equipment, net         55             (2        )
Changes in operating assets and liabilities:
Restricted cash                                   (8,624     )   -
Accounts receivable                               5,745          (5,424    )
Prepaid expenses, other current assets and        (23,623    )   (7,044    )
other long-term assets
Accounts payable                                  (30,182    )   9,825
Accrued salaries and employee benefits            (9,266     )   (19,111   )
Other current liabilities and other long-term     879           12,943    
liabilities
Net cash provided by operating activities         52,437        97,913    
                                                                 
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment, net          (6,481     )   (4,984    )
Additions to licensed computer software from      (29,904    )   (2,593    )
vendors
Additions to internally developed computer        (5,297     )   (4,435    )
software
Cash used in acquisitions, net of cash acquired   -              (1,750    )
Purchase of private equity investments            (411       )   (499      )
Additions to contract acquisition costs           (13,666    )   (5,099    )
Net cash used in investing activities             (55,759    )   (19,360   )
                                                                 
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on long-term debt borrowings
and
capital lease obligations                         (9,784     )   (6,505    )
Proceeds from exercise of stock options           2,551          2,701
Excess tax benefit from share-based payment       536            510
arrangements
Repurchase of common stock under plans and tax    (5,501     )   -
withholding
Debt issuance costs                               (3,534     )   -
Subsidiary dividends paid to noncontrolling       (953       )   (1,087    )
shareholders
Dividends paid on common stock                    -             (18,913   )
Net cash used in financing activities             (16,685    )   (23,294   )
                                                                 
CASH AND CASH EQUIVALENTS:
Effect of exchange rate changes on cash and       (4,508     )   (641      )
cash equivalents
Net increase (decrease) in cash and cash          (24,515    )   54,618
equivalents
Cash and cash equivalents at beginning of         247,612       316,337   
period
Cash and cash equivalents at end of period      $ 223,097       370,955   
                                                                 
                                                                 

                                                             
Supplemental Information:
                                               Accounts on File
                                               Total
                                                March    March      %
(in millions)                                                              
                                                2013     2012       Change
Consumer Credit                                 203.8    197.2      3.3
Retail                                          25.2     25.3       (0.3   )
Total Consumer                                  229.0    222.5      2.9
Commercial                                      37.9     35.5       6.6
Other                                           13.4     9.4        42.9
Subtotal                                        280.3    267.4      4.8
Prepaid/Stored Value                            107.3    88.5       21.3
Government Services                             59.4     30.5       94.4
Commercial Card Single Use                      31.6     29.5       7.3
Total AOF                                       478.6    415.9      15.1
                                                                             
                                                                             
                                                                             
Growth in Accounts on File (in
millions):
                                  March 2012 to March 2011 to
                                  March 2013    March 2012
Beginning balance                 415.9         356.7
Change in accounts on file due to:
Internal growth of existing       32.2          36.7
clients
New clients                       77.1          41.8
Purges/Sales                      (44.9      )  (18.5                      )
Deconversions                     (1.7       )  (0.8                       )
Ending balance                    478.6        415.9                      
                                                                             
                                                                             

Reconciliation of GAAP to Non-GAAP
                          
Non-GAAP Measures
                                                     
The schedule below provides a reconciliation of revenues and operating results
on a constant currency basis to reported revenues and operating income. This
non-GAAP measure presents year-to-date 2013 financial results using the
previous year’s foreign currency exchange rates. On a year-to-date constant
currency basis, TSYS’ total revenues grew 1.7% as compared to a reported GAAP
increase of 0.8%.
                                                     
The schedule below also provides a reconciliation of basic EPS excluding
merger and acquisition costs to basic EPS. On a year-to-date basis, TSYS’
basic EPS excluding merger and acquisition costs grew 11.5% as compared to a
reported GAAP increase of 2.2%.
                                                     
TSYS believes that non-GAAP financial measures are important to enable
investors to understand and evaluate its ongoing operating results.
Accordingly, TSYS includes non-GAAP financial measures when reporting its
financial results to shareholders and investors in order to provide them with
an additional tool to evaluate TSYS’ ongoing business operations. TSYS
believes that the non-GAAP financial measures are representative of
comparative financial performance that reflects the economic substance of
TSYS’ current and ongoing business operations.
                                                     
Although non-GAAP financial measures are often used to measure TSYS’ operating
results and assess its financial performance, they are not necessarily
comparable to similarly titled captions of other companies due to potential
inconsistencies in the method of calculation.
                                                     
TSYS believes that its use of non-GAAP financial measures provides investors
with the same key financial performance indicators that are utilized by
management to assess TSYS’ operating results, evaluate the business and make
operational decisions on a prospective, going-forward basis. Hence, management
provides disclosure of non-GAAP financial measures to give shareholders and
potential investors an opportunity to see TSYS as viewed by management, to
assess TSYS with some of the same tools that management utilizes internally
and to be able to compare such information with prior periods. TSYS believes
that the presentation of GAAP financial measures alone would not provide its
shareholders and potential investors with the ability to appropriately analyze
its ongoing operational results, and therefore expected future results. TSYS
therefore believes that inclusion of non-GAAP financial measures provides
investors with additional information to help them better understand its
financial statements just as management utilizes these non-GAAP financial
measures to better understand the business, manage budgets and allocate
resources.
                                                     
                                                     

Reconciliation of GAAP to Non-GAAP
                                                                    
Constant Currency Comparison
(unaudited)
(in thousands)

                                       Three Months Ended March 31,
                                                               Percent
                                       2013         2012      Change
Consolidated
Constant currency (1)              $   469,016       461,162   1.7         %
Foreign currency (2)                   (4,020    )   -
Total revenues                     $   464,996      461,162   0.8         %
                                                                           
Constant currency (1)              $   74,961        84,831    (11.6   )   %
Foreign currency (2)                   (58       )   -
Operating income                   $   74,903       84,831    (11.7   )   %
                                                                           
International Services
Constant currency (1)              $   101,185       100,360   0.8         %
Foreign currency (2)                   (4,089    )   -
Total revenues                     $   97,096       100,360   (3.3    )   %
                                                                           
                                                                           
(1) Reflects current period results on a non-GAAP basis as if foreign currency
rates did not change from the comparable prior year period.
(2) Reflects the impact of calculated changes in foreign currency rates from
the comparable period.
                                                                           
                                                                           
                                                                    
Basic EPS Excluding Merger and Acquisition Costs
(unaudited)
(in thousands)                                                             
                                                                           
                                       Three Months Ended March 31,
                                                               Percent
                                       2013         2012      Change
Net income attributable to TSYS    $   57,028        56,395    1.1
common shareholders (a)
                                                                           
Add: Merger and acquisition            5,222        -
expenses, net of taxes*
Revenues before reimbursable items $   62,250       56,395    10.4
                                                                           
Average common shares outstanding      186,807      188,719
(b)
                                                                           
Basic Earnings per share ( a )/( b $   0.31         0.30      2.2
)
                                                                           
Basic Earnings per share excluding
merger and acquisition
expenses ( c )/( b )               $   0.33         0.30      11.5
                                                                           
                                                                           
* - Certain merger and acquisition costs are nondeductible for income tax
purposes
                                                                           


Contact:

TSYS Investor Relations
Shawn Roberts, +1.706.644.6081
shawnroberts@tsys.com
 
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