Executive Change: TSYS Acquiring Solutions Appoints David E. Wood as COO

TSYS Acquiring Solutions last week announced that it has appointed David E. Wood, a seasoned payments industry veteran, as chief operating officer. David will be responsible for all TSYS Acquiring Solutions business operations and will report to Robert J. Philbin, president of TSYS Acquiring Solutions.

“Strengthening our core business and achieving operational excellence are strategic priorities for TSYS Acquiring Solutions,” said Philbin. “David’s proven industry expertise in multiple operational environments combined with his strong leadership capabilities will enable him to make significant contributions to our company. We are very pleased to welcome him to the TSYS Acquiring Solutions team.”

Wood served as a senior executive with Bank of America for the past 15 years and was most recently responsible for its BA Merchant Services operations in Louisville, Ky. BA Merchant Services was recently ranked as the second largest merchant acquirer in the United States. Prior to Wood’s long-term tenure with Bank of America, he held management positions in operations with Bank One. Wood has built his career on values such as improving customer experience, lowering operating costs and growing revenues. His strong devotion to community includes service with Big Brothers/Big Sisters, United Way and the National Conference for Community and Justice. Wood holds a bachelor’s degree in business administration from Hardin Simmons University.

TSYS Acquiring Solutions is the pre-eminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers. TSYS Acquiring Solutions delivers comprehensive solutions and support that securely and reliably process billions of credit and debit transactions every year. From authorization and capture services to the clearing and settling of merchant transactions, critical customer support functions and information management services, TSYS Acquiring Solutions helps acquirers effectively manage and grow their merchant portfolios. TSYS Acquiring Solutions is a wholly owned TSYS (NYSE: TSS) subsidiary. Additional information about TSYS Acquiring Solutions can be found at www.tsysacquiring.com.

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