Morningstar Rating

Stock Research and Analysis

by Gaston F. Ceron

Bulls Say

Expected growth in card payments, helped by a recovering U.S. economy, should continue to fuel revenue and earnings growth at TSYS.
The prepaid arena offers a growth avenue to TSYS after the NetSpend acquisition.
International markets, such as Brazil, are avenues of future growth for TSYS. Read more 

Bears Say

Consolidation among financial institutions is likely to continue, which could lead to greater concentration in TSYS' client base and enhance its bargaining power.
TSYS is exposed to some large customers, such as Bank of America, which could backfire if one of these important clients left or renewed at unfavorable terms.
The U.S. economy remains fragile, and a slowdown could restrain credit card purchasing activity, a negative to TSYS. Read more 

Management

In our view, Total System Services' stewardship of shareholder capital is Standard. The company is led by Philip Tomlinson, who is chairman and chief executive. We generally dislike it when one individual holds both of these positions, as it can lead   Read more 

Profile

Based in Columbus, Ga., TSYS provides payment-processing services in the U.S. and abroad. In 2013 TSYS provided processing services for 28% of domestic consumer credit-card   Read more 

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