TSYS profit increased 11% in 2012
The Columbus, Ga.-based outsourced payments processor saw its profit rise nearly 11 percent in 2012 and it projects a 9 to 11 percent jump in profit for 2013.
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#1 Jan 23, 2013
Good News! Now maybe they will loan Synovus some money to pay back (According To The Atlanta Journal Constitution) the nearly 1-Billion Dollars in Bail-Out money they still owe The Fed.
AJC says they have the largest amount of Bail-Out debt than any bank in the nation. Could this be true or are we mis-reading this?
#2 Jan 24, 2013
Not surprising since so many people are having to rely on credit just to make ends meet nowadays.
The economy is in a shambles but the government, banks, and credit companies will always get theirs.
#3 Jan 24, 2013
And thus the problem! Too many people relying on credit which translates into " Too many people living beyond thier means". The bible warns against borrowing and it also gives guidelines for lending but you will be hard pressed in finding a preacher to get behind the pulpit and give his flock that sermon.
Slaves to car payments and a 30 year mortgage and insurance on a house that some crooked builder and a handfull of Wet-Backs threw together and will most likely be a wreck before the loan is paid off.
Isnt it funny that Martha Stewart can go to jail for insider trading on a hundred thousand dollars but not a sole involved in the 800 Billion robbery of the banking industry has gone to jail?
#4 Jan 24, 2013
We are now and will be paying for years ahead the corrupt business practices that went on 2001-2008. Bush neither cared, nor sicked the FBI out on any of these corporate theives. Republicans paid back some at the polls this year and maybe for years to come. Come on corporate America Honesty and making money CAN work together. Now you will have to have bridles put in your mouths by the government so they keep you from robbing all of us who have to pay back what you stole. Meanwhile republicans live in denial,keep it up and we will never have another republican in the Whitehouse. Well that does'nt bother me one bit. Synovus should pay back what they owe.
#5 Jan 24, 2013
Any idiot knows this is Obama's economy now, he hasn't done nothing but spend a astronomical amount of money and that is what is going to destroy us in the long run.
No doubt Bush was bad but Obama is 100 times worse.
People have to rely on credit now where a few years ago they might not have and they're sure isn't any signs of it getting better.
#6 Jan 24, 2013
Not sure how much faith one should put in the news media these days, but it seems the bank in question is unable or un-willing to re-pay the Bail-Out at this time. CNN, AJC and others are saying they are however paying the interest on the Bail-Out money. If this were in fact the case, it makes one question how the hell they could look anyone in the eye and tell them "sorry but your beacon score sucks" or "sorry but you`ve gotta go because your late on your payment". Regardless, I would`nt hold my breath and wait for a "Thank You America".
#7 Jan 25, 2013
I am glad to see a Columbus Georgia based company doing well but I agree with the others in that anyone making money off of credit is going to do well now and in years to come.
Most people are not making as much as they used to and their overall net financial worth has declined dramatically over the last four years.
Used to people used credit for "wants", now we are having to use credit for "needs"
#8 Jan 25, 2013
Oh how very very true that statement is.
#9 Jan 26, 2013
For the past 32 years our Government has set the worst example of borrwing. Why did the Congress and Vice-President get a wage increase this January and hardly one complaint from it's citizens?
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