Total System Services Inc. said several recent foreign deals could offset client losses resulting from consolidation in the U.S. banking industry.

The Columbus, Ga., processor has already said it will lose the card processing business of Washington Mutual Inc. (JPMorgan Chase & Co., which bought Wamu's banking operation in September, will start handling the work in-house by March.) Philip W. Tomlinson, TSYS' chief executive, said Tuesday that he is negotiating to retain Wachovia Corp. (which Wells Fargo & Co. bought at the end of last year) as a customer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.