TSYS NAMED A PREFERRED PROCESSOR FOR VISA BUXX

Columbus, Ga.-based TSYS (TSS), an 80.8-percent-owned subsidiary of Synovus Financial Corp. (SNV) and a transaction processor, May 30 received verification from Visa USA that it meets all of the core requirements of a Preferred Processor, for Visa Buxx Web site hosting, account servicing, and transaction processing. Visa Buxx is a parent-controlled, re-loadable payment card designed to help parents provide spending money for teens and to help teach teens practical money skills. TSYS is offering this product to all issuers as part of its Stored Value Solutions initiatives, which provides a turnkey solution for stored value products and services. TSYS will provide a highly scalable and advanced transaction authorization and processing system that allows for real-time transaction posting and account funding capabilities. TSYS will also provide turnkey solutions for any of its issuing bank clients, such as integrated and customized Web site hosting, and customer care solutions including call center, IVR, Web-based customer service, accounting and settlement services.