Sunday 22 September 2019

Jun 26, 2019: Total System Services Year-to-Date Return is 58.61%

Total System Services is an American credit card processor, merchant acquirer and bank credit card issuer. TSS provides payment, processing, merchant, and related payment services to financial and nonfinancial institutions in the United States, Europe, Canada, Mexico, and internationally. The headquarters are in Columbus, Georgia, United States. The revenue was 4.028 billion USD in 2018.The CEO is M Troy Woods. The number of employees in 2018 was 12,820. The total assets in 2018 were 7.469 billion USD.

Total System Services is the stock NYSE: TSS. The year-to-date return: 58.61%. This stock has had huge growth over the years. From $0.29 in 1983 it became $127.16 on June 26, 2019. The stock was going steady at about $20 from 1998 to 2013. In a deal to be reached this year, Global Payments (NYSE: GPN) and Total System Services (NYSE: TSS) have reached an agreement to merge, creating a "technology-enabled payments company with extensive scale and unmatched global reach.” Global Payments is most focused on facilitating payment processing for merchants. Total System Services mostly handles payment processing for card-issuing financial institutions. The merger is expected to create a company that handles the merchant's side and the bank's side of every card payment transaction. The combined company will have a worldwide customer base of 3.5 million merchants, 1,300 financial institutions, and 600 million cardholders, and will facilitate approximately $50 billion of transactions per year.

No comments:

Post a Comment