Total System Services, Inc. (NYSE:TSS) Files An 8-K Regulation FD Disclosure
Item7.01
| Regulation FD Disclosure. |
On March31, 2017, NetSpend Corporation (NetSpend), a subsidiary
of Total System Services, Inc. (TSYS), issued a press release
announcing the settlement of certain matters between NetSpend and
the Federal Trade Commission. In this release, NetSpend stated
that, since September1, 2016, almost $8 million of the $40
million of previously unaccessed cardholder balances subject to
the settlement had been accessed by cardholders. This release
should have stated that, since September1, 2016, approximately
$3.6 million of those balances had been accessed. A corrected
version of this press release is included as Exhibit 99.1 to this
Current Report on Form 8-K and incorporated herein by reference.
TSYS has also posted the corrected version of this press release
on the investor relations section of its website.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
|
ExhibitNo. |
Description |
|||
| 99.1 | NetSpends corrected press release dated March 31, 2017 |
2
About Total System Services, Inc. (NYSE:TSS)
Total System Services, Inc. (TSYS) is a payment solutions provider that provides services to financial and nonfinancial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services. The Company also provides processing services, acquiring solutions, related systems and integrated support services to merchant acquirers and merchants. In addition, it provides general purpose reloadable (GPR) prepaid and payroll cards, and alternative financial service solutions to the underbanked and other consumers. The Company’s Merchant Services segment provides third party processing services to merchant acquirers and Independent Sales Organizations (ISOs) mainly in the United States. The Company’s NetSpend segment provides GPR prepaid debit and payroll cards, and convenience checks. The Company’s services and solutions include Issuing Services, Acquiring Services, Prepaid Solutions and Merchant Solutions. Total System Services, Inc. (NYSE:TSS) Recent Trading Information
Total System Services, Inc. (NYSE:TSS) closed its last trading session up +0.06 at 52.78 with 1,202,008 shares trading hands.
