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Total System (TSS) to Support CreditShop's Card Program
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Total System Services, Inc. announced that it has signed an agreement with CreditShop LLC for supporting the latter’s new credit card program. CreditShop, a consumer finance company, has introduced the new Mercury Mastercard to complement its existing personal loan products. Apart from its card processing services, the company will also cater to card production, fraud and risk management as well as customer service support. However, terms of this agreement were not disclosed.
With this collaboration, the leading global payment provider expects to deliver innovative products and services to new customers as well as expand both companies’ businesses. Total System Services and CreditShop aim at achieving goals of providing improved card products to underserved consumers.
In recent months, the company teamed up with several other players to provide better products or services to customers. Some of these deals have been inked with 118118 Money, Walmart, Bank of the West and Allied Irish Bank.
The company’s inorganic growth strategy remains impressive. It has significantly expanded over the past few years through strategic acquisitions as well as partnerships. One of the most notable integrations is NetSpend in Jul 2013, which contributed to making the company emerge as one the largest program managers of dollars in prepaid cards. The transaction also helped the company expand in the U.S. prepaid card industry. Moreover, in April 2016, it also acquired TransFirst, a major U.S. merchant solutions provider. Other such initiatives include purchasing the remaining 15% ownership of the Central Payment Joint Venture, the recent buyout of Cayan and acquiring iMobile, which aided the company to be a leader in the payment services market.
Shares of this Zacks Rank #3 (Hold) stock have surged 44.67% in the past year, outperforming its industry’s growth of 38.18%.
Stocks to Consider
Investors interested in the financial transaction services industry might look into a few better-ranked stocks like Cardtronics PLC , Mastercard Incorporated (MA - Free Report) and Global Payments Inc. (GPN - Free Report) .
Cardtronics offers automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks. Sporting a Zacks Rank #1 (Strong Buy), the company managed to pull off an average four-quarter positive surprise of 27.17%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Mastercard provides transaction processing and other payment-related products and services in the United States and internationally. The stock has an impressive Zacks Rank of 1 and came up with an average trailing four-quarter beat of 8.89%.
Global Payments provides payment technology and software solutions for credit cards, debit cards, electronic payments and check-related services. It holds a Zacks Rank #2 (Buy) and delivered an average four-quarter earnings surprise of 3.36%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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Total System (TSS) to Support CreditShop's Card Program
Total System Services, Inc. announced that it has signed an agreement with CreditShop LLC for supporting the latter’s new credit card program. CreditShop, a consumer finance company, has introduced the new Mercury Mastercard to complement its existing personal loan products. Apart from its card processing services, the company will also cater to card production, fraud and risk management as well as customer service support. However, terms of this agreement were not disclosed.
With this collaboration, the leading global payment provider expects to deliver innovative products and services to new customers as well as expand both companies’ businesses. Total System Services and CreditShop aim at achieving goals of providing improved card products to underserved consumers.
In recent months, the company teamed up with several other players to provide better products or services to customers. Some of these deals have been inked with 118118 Money, Walmart, Bank of the West and Allied Irish Bank.
The company’s inorganic growth strategy remains impressive. It has significantly expanded over the past few years through strategic acquisitions as well as partnerships. One of the most notable integrations is NetSpend in Jul 2013, which contributed to making the company emerge as one the largest program managers of dollars in prepaid cards. The transaction also helped the company expand in the U.S. prepaid card industry. Moreover, in April 2016, it also acquired TransFirst, a major U.S. merchant solutions provider. Other such initiatives include purchasing the remaining 15% ownership of the Central Payment Joint Venture, the recent buyout of Cayan and acquiring iMobile, which aided the company to be a leader in the payment services market.
Shares of this Zacks Rank #3 (Hold) stock have surged 44.67% in the past year, outperforming its industry’s growth of 38.18%.
Stocks to Consider
Investors interested in the financial transaction services industry might look into a few better-ranked stocks like Cardtronics PLC , Mastercard Incorporated (MA - Free Report) and Global Payments Inc. (GPN - Free Report) .
Cardtronics offers automated consumer financial services through its network of automated teller machines and multi-function financial services kiosks. Sporting a Zacks Rank #1 (Strong Buy), the company managed to pull off an average four-quarter positive surprise of 27.17%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Mastercard provides transaction processing and other payment-related products and services in the United States and internationally. The stock has an impressive Zacks Rank of 1 and came up with an average trailing four-quarter beat of 8.89%.
Global Payments provides payment technology and software solutions for credit cards, debit cards, electronic payments and check-related services. It holds a Zacks Rank #2 (Buy) and delivered an average four-quarter earnings surprise of 3.36%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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