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Total System Services Inc., a United States-based payment processor also known as TSYS, reaffirmed its efforts to boost revenue generated by international transactions during a conference call with analysts last week. By the end of 2011, TSYS wants at least 30% of its revenue to come from outside the United States. According to TSYS earning results released last week, approximately 16.2% of the company's revenues for the nine-month period ended 30 Sept. were from its global-services operations. For the third quarter, the global-services revenue increased 31.9%, to $88.1 million (64.5 million euros) from $66.8 million (CardLine Global, 11 Oct.). "We expect to complete international transactions that create shareholder value with the appropriate risk, return and balance," Philip W. Tomlinson, chairman and CEO, told analysts. "You'll see us in all probabilities this quarter add a small deal in Japan, which is the third-largest card market in the world." Tomlinson went on to say TSYS remains "in the hunt for acquisitions. We will do the right deal when we get it identified, assuming credit markets will allow such a thing," he said.
