NetSpend 2015 Annual Report Download - page 11

7
THREE PILLARS OF STRENGTH
I am often asked what is the real strategic value
of us being in these three specific businesses
—
issuer processing, merchant acquiring and prepaid
program management.
TSYS lives at the intersection of commerce and data.
We have the privilege of influencing how the world
pays
— and, in the process, gaining unique expertise
in the payments space. Using this expertise, we’re able
to serve as a trusted advisor to clients and customers,
and gain greater insight into their businesses and
lives. Through our scale, reach, mix of solutions
and distribution network, we’re uniquely positioned
within each of the customer groups across our
three businesses
— and the payments spectrum.
The traditional dividing lines in the payments value
chain are blurring. And we’re perfectly placed to
act as an intermediary between all of them. The
number of cardholders we touch through our issuer
processing business, plus the number of merchants
we serve, means we can bridge technology solutions,
innovative products and new ways to pay across the
payments spectrum
— by leading the market, and
excelling in these three businesses.
IN CLOSING
I’d like to give fond and heartfelt thanks to Ken Tye,
who retired as Chief Information Officer (CIO) in
September, as well as Gardiner W. Garrard Jr.
and H. Lynn Page, who will retire from the Board of
Directors at the 2016 Annual Meeting of Shareholders.
This group has been with us since the very beginning,
advising and supporting us on the journey to become
the multi-billion-dollar global payments company
we are today. It has been an enormous pleasure to
have Ken, Gardiner and Lynn play such influential
roles in the past 32 years of the TSYS story.
I’d like to welcome our new CIO, Patty Watson, to the
company. In addition to a U.S. Air Force background,
Patty has more than 17 years of experience in the
financial services industry, most recently serving as vice
president and global CIO for The Brink’s Company®.
Her experience in technology and her passion for
clients and innovation will serve us well into the future.
I’d also like to announce the addition of Pam Joseph
as the newest member of our Board of Directors.
Pam is the recently retired vice chairman of U.S.
Bancorp®’s payment services division, and is
immensely respected within the payments industry
— and has a deep familiarity with our company
from years of working together. I know she will
be a tremendous asset to our Board.
When I look back on this year, I believe we stand at
the threshold of perhaps our greatest adventure
as a business.
Looking ahead, I see a future in which we are unlocking
ever-greater opportunities for payment providers,
businesses and consumers alike. It’s a future in which
we show the world the true potential of People-
Centered Payments® — our greatest strength and most
strategic asset as a company. We have a uniquely
strong hand to play within the world of commerce in
2016 and beyond.
On behalf of executive management, and the TSYS
Board of Directors, I’d like to thank our clients, team
members, shareholders and partners for their loyalty
and commitment.
Sincerely,
M. Troy Woods
Chairman, President and
Chief Executive Officer, TSYS