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TOTAL SYSTEM SERVICES ANNOUNCES NEGOTIATIONS WITH BANK OF AMERICA

 COLUMBUS, Ga., Aug. 31 /PRNewswire/ -- Total System Services, Inc. (NYSE: TSS), today announced that it has entered into exclusive negotiations with Bank of America to provide credit card processing services to support Bank of America's VISA and MasterCard credit card accounts.
 The terms on which the services would be provided have not been determined and a definitive processing agreement between TSS and Bank of America has not been reached. Both parties have agreed to confidentiality. Accordingly, no further comment or announcement will be made by TSS until negotiations have been concluded and a definitive processing agreement has been signed.
 TSYS is the second-largest credit card and private label transaction processing company in the world. The company is based in Columbus, Ga., 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- 8/31/93
 /CONTACT: Kenneth E. Evans, vice chairman of the board of Total System Services, 706-649-4457/
 (TSS SNV)


CO: Total System Services, Inc.; Bank of America ST: Georgia IN: FIN SU:

BR-AW -- AT002 -- 7353 08/31/93 08:36 EDT
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Publication:PR Newswire
Date:Aug 31, 1993
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