Financial Services Subsidiaries
The Banks offer commercial banking services, including commercial, financial,
agricultural and real estate loans, and retail banking services, including accepting
customary types of demand and savings deposits; making individual, consumer,
installment and mortgage loans; safe deposit services; leasing services; automated
banking services; automated fund transfers; and bank credit card services, including
MasterCard and Visa services.
The bank-related wholly owned subsidiaries of Synovus are: (1) Synovus Securities,
Inc., Columbus, Georgia, which specializes in professional portfolio management
for fixed-income securities, the execution of securities transactions as a broker/dealer
and the provision of individual investment advice on equity and other securities;
(2) Synovus Trust Company, N.A., Columbus, Georgia, which provides trust services;
(3) Synovus Mortgage Corp., Birmingham, Alabama, which offers mortgage services;
(4) Synovus Insurance Services, Columbus, Georgia, which offers insurance agency
services; (5) Creative Financial Group, LTD., Atlanta, Georgia, which provides
financial planning services; (6) GLOBALT, Inc., Atlanta, Georgia, which provides
asset management services; and (7) Synovus Investment Advisors, Inc., Columbus,
Georgia, which provides investment advisory services.
Transaction Processing Affiliates
Business. TSYS provides electronic payment processing and related services
to financial and nonfinancial institutions. Services include processing consumer,
debit, commercial, stored value and retail cards, as well as student loan processing.
Based in Columbus, Georgia, and traded on the New York Stock Exchange under
the symbol "TSS," TSYS provides services to financial and nonfinancial
institutions throughout the United States, Canada, Mexico, Honduras, the Caribbean
and Europe.
TSYS currently offers merchant services to financial institutions and other
organizations in Japan through its majority owned subsidiary, GP Network Corporation,
and in the United States through its joint venture, Vital Processing Services
L.L.C. TSYS also offers value added products and services to support its core
processing services. Value added products and services include: risk management
tools and techniques, such as credit evaluation, fraud detection and prevention
and behavior analysis tools; and revenue enhancement tools and customer retention
programs, such as loyalty
programs and bonus rewards.
TSYS had eight wholly owned subsidiaries: (1) Columbus Depot Equipment Company,
which sells and leases computer related equipment associated with TSYS' transaction
processing services; (2) Columbus Productions, Inc., which provides full-service
commercial printing and related services; (3) TSYS Canada, Inc., which provides
programming support and assistance with the conversion of card portfolios to
TS2; (4) TSYS Total Debt Management, Inc., which provides debt collection and
bankruptcy management services; (5) ProCard, Inc., which provides software and
Internet tools designed to assist organizations with the management of purchasing,
travel and fleet card programs; (6) Enhancement Services Corporation, which
provides targeted loyalty consulting and travel reward programs; (7) TSYS Technology
Center, Inc., which provides programming support; and (8) TSYS Japan Co., Ltd.,
which primarily provides gift card processing services to Japanese clients.