The company’s stock price closed at $29.20, up 0.83 percent from Monday’s $28.86 closing price. TSYS also reported the sale of its business interests in Japan.
Total revenues by segment for the quarter were North America Services, $262.2 million, up 9.3 percent from $239.8 million a year earlier; International Services, $82.4 million, up 1.9 percent from $80.9 million; Merchant Services, $104.6 million, down 4.3 percent from $109.3 million; and NetSpend, $132.6 million. TSYS, which acquired NetSpend last year, didn’t report first quarter revenue for the company.
Accounts on file for North America totaled 495.5 million, up 17.2 percent from 422.8 million; transactions totaled 2.33 billion, up 15.9 percent from 2.01 billion. International segment accounts totaled 60.7 million, up 9 percent from 55.7 million; transaction volume totaled 517.9 million, up 19.3 percent from 434 million.
Merchant point-of-sale transaction volume totaled 982.2 million, down 10.7 percent from 1.1 billion, as sales volume rose 6.4 percent, to $10.78 billion from $10.13 billion. NetSpend gross dollar volume reached $6.57 billion, up 22.1 percent from $5.38 billion; 90-day active cards totaled 3.6 million, up 12.5 percent from 3.2 million.
Direct-deposit 90-day active NetSpend cards totaled 2.1 million, up 23.5 percent from 1.7 million. The percentage of 90-day active cards with direct deposit jumped to 56.6 percent from 54.1 percent year over year.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More