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TSYS TO PROCESS MASTERCARD PURCHASING CARD PRODUCT

 COLUMBUS, Ga., Aug. 27 /PRNewswire/ -- Total System Services, Inc. (TSYS) (NYSE: TSS), the Columbus-based credit card transaction processing company, has expanded its line of commercial products and services through an alliance with MasterCard International Incorporated to process the new MasterCard Purchasing Card.
 This new product will allow financial institutions to gain access to the $400 billion procurement market and provide companies the benefits of reduced administrative costs while maintaining financial control with respect to the purchasing of items costing $25,000 or less.
 TSYS has developed, implemented and plans to support a transaction processing system that meets all of the authorization, settlement and reporting functionality standards set forth by MasterCard in its processor certification requirements. "TSYS is a proven leader in the commercial services market with over 600,000 Business and Procurement Card accounts being processed today. This alliance is a strong indication of our continued support of innovative programs and we are pleased to be the first certified processor for the new MasterCard product," commented Philip W. Tomlinson, president of TSYS.
 Features of the new system to support the MasterCard Purchasing Card include a complete menu of on-line customer service, accounting and management screens to manage the product; daily settlement of transaction activity; capture and retention of sales tax data and corporate-defined data captured at the point of sale; spending controls at the cardholder and departmental levels within a corporate organizational structure; authorization controls based on approved or restricted merchant category codes; and MIS reporting to support the program.
 TSYS is the second-largest credit card and private label transaction processing company in the world. The company is based in Columbus and provides credit card institutions with a comprehensive on-line system of data processing services marketed as THE TOTAL SYSTEM(SM). TSYS serves 114 credit card issuers in 34 states, Puerto Rico and Canada, representing over 32 million cardholders and 258,000 merchant accounts. TSYS also provides correspondence products, fulfillment services, direct marketing and promotional services, directly or through its two subsidiaries -- Mailtek, Inc., Atlanta, and Lincoln Marketing, Inc., Moorestown, N.J. -- to financial institutions, airlines, health care organizations and other businesses, representing over 20 million customers. TSYS is an 80.7-percent-owned subsidiary of Synovus Financial Corp. (NYSE: SNV), a $5.4 billion multi-financial services company composed of TSYS, 31 banking affiliates in three states and a full-service brokerage firm.
 -0- 8/27/93
 /CONTACT: M. Troy Woods, senior vice president of Total System Services, 706-649-2104/
 (TSS SNV)


CO: Total System Services, Inc.; MasterCard International Incorporated ST: Georgia IN: FIN SU:

BN-BR -- AT012 -- 6659 08/27/93 13:44 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
Words:430
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