Company Description (as filed with the SEC)
Business. Based in Columbus, Georgia, and traded on the New York Stock Exchange under the symbol “TSS,” we are a global payment solutions provider that provides services to financial and nonfinancial institutions. The services we provide are divided into three operating segments, North America Services, which accounted for 51% of our revenues in 2012, International Services, which accounted for 22% of our revenues in 2012, and Merchant Services, which accounted for 27% of our revenues in 2012. Seasonality. Due to the somewhat seasonal nature of the credit card industry, our revenues and results of operations have generally increased in the fourth quarter of each year because of increased transaction and authorization volumes during the traditional holiday shopping season. Intellectual Property. Our intellectual property portfolio is a component of our ability to be a leading electronic payment services provider. ... More ...