TSYS and First National Bank of Omaha Finalize First National Merchant Solutions Joint Venture
COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS) and First National Bank of Omaha (FNBO) announced today the consummation of their joint venture transaction pursuant to which TSYS acquired a 51% interest in FNBO’s merchant acquiring business for approximately $150.5 million. FNBO retained a 49% interest in the newly formed company, First National Merchant Solutions, LLC (FNMS).
FNMS previously operated as a subsidiary of FNBO and offers merchant acquiring services, transaction processing and business and value-added services, as well as Visa®- and MasterCard®-branded prepaid cards. Ranked as the 10th-largest merchant acquirer in North America by dollar volume*, FNMS has more than 50 years of experience providing first-rate service and solutions to businesses across the United States. For more information, visit www.fnms.com.
*The Nilson Report March 2009
About TSYS
TSYS (NYSE: TSS) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information contactnews@tsys.com or log on to www.tsys.com. TSYS routinely posts all important information on its Web site.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska has grown into the largest private banking company in the United States. First National and its affiliates have more than $17 billion in managed assets and nearly 5,700 employees located in 35 states. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
Contacts
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
or
First National of Nebraska
Kevin Langin, +1.402.602.3541
Director of Public Relations
klangin@fnni.com
Cyle Mims, +1.706.644.3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1.706.644.6081
shawnroberts@tsys.com
or
First National of Nebraska
Kevin Langin, +1.402.602.3541
Director of Public Relations
klangin@fnni.com
At A Glance
Source: via Business Wire Updated 07/07/2009 by company | |
| Headquarters: | Columbus, GA |
| Website: | http://www.tsys.com |
| CEO: | Philip Tomlinson |
| Employees: | 8,110 |
| Ticker: | TSS (NYSE) |
| Revenues: | $1.9 billion (2008) |
| Net Income: | $250 million (2008) |
Permalink: http://www.businesswire.com/news/home/20100401005842/en/TSYS-National-Bank-Omaha-Finalize-National-Merchant
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