Business
Business

TSYS completes acquisition of Texas company

By Arielle Kass
July 1, 2013

Georgia-based TSYS has completed its acquisition of the Texas company NetSpend, a business that provides reloadable prepaid debit cards and other financial services.

NetSpend is a wholly owned subsidiary of the payments company. Its CEO and president will remain.

NetSpend caters to underbanked consumers, In a statement, TSYS chairman and CEO Philip W. Tomlinson said the acquisition brings TSYS closer to the customer than the company has been before.

NetSpend was a publicly traded company and stockholders will receive $16 per share in cash for each share they hold. The stock will be delisted from NASDAQ.

About the Author

Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.

More Stories

Keep Reading

Travelers wait in Concourse F, the international terminal, at Hartsfield-Jackson airport in Atlanta on Wednesday, June 4, 2025. (Arvin Temkar / AJC)

Credit: arvin.temkar@ajc.com

Why cell service, Wi-Fi have been spotty at ATL’s international terminal

There are several reasons why it has been tough to get reliable cell service and Wi-Fi access at Concourse F and the international terminal. A completed fix is coming soon.

Norfolk Southern and Union Pacific shareholders OK merger. Here’s what’s next.

The proposed mega-railroad company would be headquartered in Omaha, Nebraska, sending anxiety through the company's Atlanta ranks, where Norfolk Southern is based.

Design firm chosen to turn Midtown Atlanta eyesore into high-profile park

The look and feel of a planned public park in Atlanta’s largest high-rise district is soon going to take form.

The Latest

Older model used vehicles for sale at an independent dealership in Chattanooga, Tennessee, on Nov. 11, 2023. Photo courtesy of Chris Hardesty.

Credit: Special

Beyond the odometer: What matters most in a used car

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

Featured

Travelers wait in Concourse F, the international terminal, at Hartsfield-Jackson airport in Atlanta on Wednesday, June 4, 2025. (Arvin Temkar / AJC)

Credit: arvin.temkar@ajc.com

Why cell service, Wi-Fi have been spotty at ATL’s international terminal

There are several reasons why it has been tough to get reliable cell service and Wi-Fi access at Concourse F and the international terminal. A completed fix is coming soon.

POLITICALLY GEORGIA

Georgia’s top Republican US Senate candidates now back release of Epstein files

U.S. Reps. Buddy Carter, Mike Collins and Derek Dooley say they back a bill in the U.S. House that to force the release of files related to Jeffrey Epstein, who died in 2019.

Falcons put Penix on injured reserve; he’ll miss at least 4 games.

Kirk Cousins will be the starting QB after taking the reins in third quarter of Sunday’s loss.