CUP Data to Provide Credit Card Processing Services for Huaxia Bank

Huaxia is One of the Top 10 Publicly Listed Nationwide Banks in China

COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS announced that China UnionPay Data Services Co., Ltd. (“CUP Data”), TSYS’ joint venture with China UnionPay (“CUP”), has recently begun providing processing services for Huaxia Bank Co., Ltd, one of China’s largest nationwide banks. Huaxia Bank has a strategic partnership with Deutsche Bank, one of the world’s largest financial institutions. CUP Data now provides processing services for three of the four largest issuing banks in China that use outsourced services to support their payment programs.

“Through our relationship with CUP Data, we believe that TSYS is uniquely positioned to meet the rapidly evolving competitive needs of Chinese financial institutions.”

“My colleagues and I feel greatly honored in establishing a long-term relationship for outsourced payment services with Huaxia Bank. It fully demonstrates CUP Data’s growing excellence and sophistication in technology and quality in bankcard processing,” says Mr. Huaiguang Shan, president of CUP Data. “This also shows that CUP Data can compete to provide services for largest banks in China while meeting the demands of their experienced foreign partners.”

“CUP Data has achieved considerable momentum in the People’s Republic of China in a relatively short period of time,” says Mr. M. Troy Woods, president and chief operating officer of TSYS. “Through our relationship with CUP Data, we believe that TSYS is uniquely positioned to meet the rapidly evolving competitive needs of Chinese financial institutions.”

“All of us in the TSYS family are very enthusiastic about the opportunity to work closely with CUP Data during this exciting period of time,” says Mr. David E. Duncan, managing director of TSYS Asia-Pacific, based in Shanghai. “We believe that continued close cooperation between TSYS and CUP Data will help to position CUP Data as the leading processor in China and we look forward to working cooperatively to provide world-class products and services to Chinese financial institutions.”

CUP Data is China’s largest third-party processor of bankcard accounts, providing transaction processing, disaster recovery and other services for issuing banks in China. CUP Data was established in 2003, and has more than 30 signed credit- and debit-processing client banks at year-end 2006.

TSYS owns a 44.5-percent equity stake in CUP Data, a subsidiary of China UnionPay (CUP). CUP is the only payments network sanctioned by the People’s Bank of China, China’s central bank, and has become one of the world’s largest and fastest-growing payments networks.

About TSYS

TSYS (www.tsys.com) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. Based in Columbus, Ga., TSYS (NYSE: TSS) is closely held by Synovus Financial Corp. (NYSE: SNV), one of FORTUNE magazine’s “Most Admired Companies” and a member of its “100 Best Companies to Work For” for 10 straight years. For more information, contact [e-mail].