“Can a legacy payment processing infrastructure company successfully transition from independent processor to embedded issuer-solutions platform within a global fintech conglomerate (FIS)?”
Founded in 1983, TSYS grew to become the largest third-party payment processor for issuing banks in North America with approximately 40% market share, and a significant player in Europe. After merging with Global Payments in 2019, TSYS operated as a core issuer-processing and merchant-services platform. In 2026, it was acquired by FIS and rebranded as Total Issuing Solutions, completing a journey from independent processor to infrastructure subsidiary of one of the world's largest financial technology conglomerates.
Tsys processes payments through TSYS Gateway (self-operated) and TSYS Merchant Card Processing (self-operated).
Tsys's cards are issued through TSYS (self-operated).
The Embedded Finance Index 2026 maps 2 layers in Tsys's stack: Payments / PSP (TSYS Gateway (self-operated) and TSYS Merchant Card Processing (self-operated)); Card issuing (TSYS (self-operated)).
Tsys is founded in 1983 and headquartered in Columbus, Georgia, U.S..
Get a read on where your own stack stands against Tsys and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.