Total System CEO retirement expected, successor good fit, says Stephens Stephens believes that the retirement of Total System CEO Phil Tomlinson was expected by the Street and that his successor, COO Troy Woods, is a very good fit for the new role. The firm keeps its Equal-Weight rating and $32 price target on the stock.
TSYS extends payments agreement with Banco INVEX TSYS announced that it has extended its payments agreement with Mexico’s Banco INVEX S.A. The multi-year agreement includes processing services for INVEX’s consumer and commercial credit card portfolios. As part of the agreement, TSYS will continue to provide INVEX with additional services such as data analytics, fraud prevention and risk management tools. Financial terms of the agreement were not disclosed.