Total System Services' Genius Billion-Dollar Attempt to Jump-Start Growth [The Motley Fool]
FIRST DATA CORP (FDC)
Last first data corp earnings: 7/25 06:50 am
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Source: The Motley Fool
The payment-services company just made a billion-dollar acquisition that management believes will help the business keep up with the ever-increasing competition. Fintech , the business of leveraging technology to more efficiently accomplish traditional financial services, is quickly changing the banking and payments landscape. Existing companies in this niche are facing challenges from multiple directions. To survive, they must navigate turbulent waters with fast-growing fintech start-ups and large financial companies trying to crowd out others in the space. Judging by its fourth-quarter earnings, it would appear that, thus far, Total System Services, Inc. ( NYSE:TSS ) is one of the survivors. Total System Services, or TSYS as the company commonly refers to itself, operates three separate divisions: issuer solutions, merchant services, and netspend. Issuer solutions provides services to credit card issuers such as processing credit card applications, embossing cards,
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