NetSpend 2014 Annual Report Download - page 6

It’s a new era — for both our company and the industry,
but TSYS’ core mission remains the same —
to support payments that revolve around people.
end-to-end payment solutions under one roof has
been the pinnacle of our acquisition strategy over
the past few years. As part of this bundle of offerings,
we have more to offer financial institutions, businesses
and consumers. Skills in one business can be leveraged
across the enterprise, and our overall expertise in pay-
ments
— along with the skill and scale in technology —
can be utilized across all of these sectors.
This mix also leads to a more balanced portfolio of
customers for overall stability and growth. In this
business, there are cycles, and ups and downs are
not always predictable. Regardless of fluctuations
in any one particular segment, our company’s
overall stability and performance are solid.
We’d now like to address each of the constituents
we serve
— financial institutions, businesses and
consumers
— and share how we’ve utilized
People-Centered Payments for growth in each
of these key areas.
Financial Institutions
In 2014, we had a healthy client roster of strong
financial institutions. Conversions like TD Bank Group®
brought us millions of new accounts to fuel a core
growth that supports our overall business. We are
proud to say that in early 2015, we completed the
Bank of America® conversion
— the largest conversion
in the history of payments. This conversion required
the utmost dedication from our team members and
positions our company for tremendous growth.
2014 has been a year of many high-profile breaches.
This has forced financial institutions and businesses
to accelerate the speed at which they are adopting
security measures. To this end, our plug-and-play
tokenization offering fits the mold. Called TSYS
Enterprise TokenizationSM, it supports secure
transactions via a mobile device and facilitates
enablement for issuers, merchants and app
developers in processing transactions. In September
2014, we announced this tokenization solution in
conjunction with the services it provides for a
secure way to pay through Apple Pay™
— more
on this later.
Digitally active consumers
— those accustomed to
navigating their daily lives with smartphones, tablets,
game systems and computers
— want a choice in the
way they pay for goods and services, from traditional
plastic to mobile phones, or through any other device
of their choosing. In the UK, we partnered with
PayPal® to offer an installment loan plan at the point
of sale (POS) using PayPal accounts. We see
— and
seize
— opportunities to further diversify beyond
credit to offer broader and more varied products
that best meet consumers’ needs for alternative ways
to pay. Our near-term pipeline across TS2®, TSYS
Managed ServicesSM EMEA and PRIMESM licensing is
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*Revenues before reimbursable items, adjusted EBITDA and adjusted earnings per share are non-GAAP financial measures,
which are explained further on pages 26-27 of this report.
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