TSYS Completes Acquisition of NetSpend

  TSYS Completes Acquisition of NetSpend

Business Wire

COLUMBUS, Ga. & AUSTIN, Texas -- July 1, 2013

TSYS (NYSE: TSS) and NetSpend Holdings, Inc. (NASDAQ: NTSP) announced today
that TSYS has completed its acquisition of NetSpend. NetSpend is now a wholly
owned TSYS subsidiary and TSYS’ fourth operating segment focusing on direct to
consumer products and services. NetSpend will continue to be led by chief
executive officer Dan Henry and president Chuck Harris. The segment will
report directly to Troy Woods, president and chief operating officer of TSYS.

Headquartered in Austin, Texas, NetSpend is a leading provider of general
purpose reloadable (GPR) prepaid debit cards, PayCards and related financial
services to the estimated 68 million underbanked consumers in the United
States who do not have a traditional bank account or who rely on alternative
financial services.

“This is a transformational day for everyone at TSYS and NetSpend, as this
deal brings together two companies with a shared vision and purpose that
focuses on meeting the needs of people. It also takes TSYS closer to the
consumer than we have ever been before,” said Philip W. Tomlinson, chairman
and chief executive officer of TSYS. “Our strategy has been, and continues to
be, to further expand our role in the payments value chain and bring more
innovative solutions to market. The acquisition of NetSpend is further
evidence that we are moving forward in that direction, and have strengthened
our foothold in the rapidly growing prepaid industry.”

“This is a truly amazing time at NetSpend, and we are ready to get to work,”
said Dan Henry, chief executive officer of NetSpend. “Being able to tap into
the strength and resources of TSYS and combine them with the unique product
set and fast growing business of NetSpend will enable us to better serve the
underbanked market, which is our focus and our passion.”

NetSpend previously operated as a publicly traded company. NetSpend common
stock ceased trading on NASDAQ prior to the opening of trading on Monday, July
1, 2013, and will be delisted. Under the terms of the definitive merger
agreement between the parties, NetSpend stockholders are entitled to receive
$16.00 per share in cash for each share of NetSpend common stock that they
hold. Letters of transmittal allowing NetSpend stockholders of record to
deliver their shares to the paying agent in exchange for payment of the merger
consideration will be distributed shortly after the closing. Stockholders of
record should be in receipt of the letter of transmittal before surrendering
their shares. Stockholders who hold shares through a bank or broker will not
have to take any action to have their shares converted into cash, as such
conversions will be handled by the bank or broker.

Additional details of the acquisition, as well as revised 2013 guidance for
TSYS, will be discussed on the company’s second-quarter analyst call on July
23, 2013.

About NetSpend

NetSpend is a leading provider of general-purpose reloadable prepaid debit
cards and related financial services to the estimated 68 million underbanked
consumers in the United States who do not have a traditional bank account or
who rely on alternative financial services. The Company's mission is to
develop products and services that empower underbanked consumers with the
convenience, security and freedom to be self-banked. Please visit
http://www.netspend.com for more information.

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.

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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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