In order to facilitate a smooth flow of operations for its
clients across all its locations in Europe,
Total System Services, Inc.
), announced the inauguration of the new customer care center in
Milton Keynes, United Kingdom ("UK"). This center will be providing
customer care solutions to all UK based clients and financial
The new center will be administered by TSYS Managed Services
EMEA, a joint initiative by Total System and an IT solutions and
service provider, Dimension Data. This will be the third center set
up by the company in Europe and the second in UK after Coventry,
UK; and Barneveld, Netherlands. This joint venture is also
operational in Jamaica, the Philippines, Canada and the United
Such initiatives by the company are well in line with its growth
strategy, wherein it works to provide better services to all its
clients. Additionally, the company is expected to launch numerous
services in Europe shortly.
The company's competitors,
) have also been aggressively expanding its geographic footprint
and client base. Visa entered into a strategic alliance with
DirectCash and Air Canada in order to strengthen its Canadian ties.
It also entered into an agreement with Obopay Disbursements to pay
out electronic funds to a prepaid card.
Fiserv's latest account processing portal, Cleartouch has been
adopted by six financial institutions. Also, Navy Army Community
Credit Union deployed Source Capture Solutions to ameliorate Navy
Army's total check deposit process besides furnishing better
services to its customers.
The Zacks Consensus Estimates for Total System is currently
pegged at 32 cents for the third quarter and $1.29 per share and
full year 2012, reflecting a year-over-year increase of 5.2% and
12.2% respectively. Full year estimate is higher than the
company's guided range of $1.26-1.28.
Total System currently retains a Zacks #3 Rank, which translates
into a short-term Hold rating. We also maintain a long-term Neutral
stance on Total System's shares.
FISERV INC (FISV): Free Stock Analysis Report
TOTAL SYS SVC (TSS): Free Stock Analysis Report
VISA INC-A (V): Free Stock Analysis Report
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