Total System Services Inc.
), a leading payment processor, in association with banking and
payment service provider,
Discover Financial Services Inc.
) entered into a deal to process payment transactions for PayPal
in U.S. PayPal is a global e-commerce entity that allows payments
and money transfers through the internet.
DISCOVER FIN SV (DFS): Free Stock Analysis
FAIR ISAAC INC (FICO): Free Stock Analysis
MASTERCARD INC (MA): Free Stock Analysis
TOTAL SYS SVC (TSS): Free Stock Analysis
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PayPal operates in more than 190 markets, manages more than 232
million accounts and intends to expand further. Total System on
the other hand provides its services to financial institutions,
businesses and governments in more than 80 nations worldwide.
Previously, in Aug 2012, Discover partnered with PayPal to extend
PayPal to more than 7 million merchant locations. With this deal,
Total System intends to help PayPal expand to more merchant
locations by providing an expanded platform.
Through Total System, prospective PayPal clients will be exposed
to an enhanced payment option. They will be able to make payments
and transfer money on a large scale and to more number of
merchant locations, thereby making PayPal more accessible. This
is expected to attract more customers for PayPal and hence
support its expansion objectives. We expect the above deal to
complement Total System operations and help the company expand in
turn by accessing the extensive clientele base of PayPal.
Total System has been working towards enhancing its operations,
be it through assisting other companies in their business or
entering into deals with other companies to leverage its own
operations. Towards this end last week, Total System extended its
alliance with leading analytics software company,
Fair Issac Corporation
) to receive fraud management services from the latter. With the
integration of the Falcon Fraud Manager 6, Total System aims to
provide its PRIME clients with high-end anti-fraud solutions that
would in turn enable them to develop PRIME and maintain its
international footprint. PRIME is the card and merchant
management solution offered by Total System.
Total System currently carries a Zacks Rank #1 (Strong Buy).
Among other payment processors that are worth considering
) carries a Zacks Rank #2 (Buy).