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TSYS Completes Acquisition of NetSpend

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COLUMBUS, Ga. & AUSTIN, Texas--(BUSINESS WIRE)--TSYS (NYSE: TSS) and NetSpend Holdings, Inc. (NASDAQ: NTSP) announced today that TSYS has completed its acquisition of NetSpend. NetSpend is now a wholly owned TSYS subsidiary and TSYS’ fourth operating segment focusing on direct to consumer products and services. NetSpend will continue to be led by chief executive officer Dan Henry and president Chuck Harris. The segment will report directly to Troy Woods, president and chief operating officer of TSYS. “This is a truly amazing time at NetSpend, and we are ready to get to work” Headquartered in Austin, Texas, NetSpend is a leading provider of general purpose reloadable (GPR) prepaid...

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