COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS) today announced that Ken Tye has decided to retire as Senior Executive Vice President and Chief Information Officer, after 43 years of service, effective September 30, 2015.
In making the announcement, TSYS President and Chief Executive Officer M. Troy Woods stated, "I have had the privilege of knowing and working with Ken from day one of his incredibly distinguished career. He possesses that rare and unique ability to leverage his technical acumen with sound business strategy which is very much needed and appreciated in today’s environment. We are indebted to Ken for his service and for the role he has played in positioning TSYS as one of the most respected Fin Tech companies in the payments industry. He is very much respected throughout our organization and the industry and his shoes will be hard to fill. Over the next few months, we will work together to review his areas of responsibility to ensure a smooth transition.”
During Tye’s tenure, in the mid-1990’s, he led a team responsible for building TS2, still considered the industry’s most technologically advanced payment processing system in the market today. Most recently, Tye has led the team creating a more open technology environment to power TSYS’ next generation of digital innovation and consumer servicing.
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief "People-Centered Payments®." By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and has been named one of the 2015 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.