We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Total System (TSS) and Tesco Bank Renew Payments' Deal
Read MoreHide Full Article
Total System Services Inc. recently renewed its payments’ agreement with Tesco Bank to continue processing the bank’s consumer credit card portfolios. Per the deal, Total System will process Tesco Bank’s portfolio through its TS2 platform.
Total System has grown meaningfully over the years through a number of strategic acquisitions, mergers, alliances and partnerships. Recently, the company renewed its payment services’ accord with Valley National and Advanzia Bank.
Year to date, the Total System stock has returned 19.9%, whereas the Zacks categorized Financial Transaction Services industry has gained 16.7%. The company’s strong inorganic growth will have a favorable impact on the stock price.
Tesco Bank has a fast-growing portfolio of core retail banking and general insurance products to service Tesco shoppers. It provides 8.1 million accounts and policies to customers. The existing relationship, which was forged in 2010, between the two companies would be further strengthened by the aforesaid deal. It will also enhance Total System’s reach and boost its value proposition among Tesco’s customers.
On the other hand, Tesco Bank is likely to benefit from Total System’s full support and product expertise which would enable the former to grow and better serve its clients. The extension of this agreement is also a testimony to Total System’s strong position in the UK payments market. In the U.K., Total System also serves Lloyds Banking Group.
Total System has been strengthening its clientele by offering customized and flexible processing solutions to its partners across the globe, primarily in the merchant acquiring space. Additionally, the company is making efforts to tap opportunities in the recovering markets through high-grade technology.
QIWI beat estimates in each of the last four quarters, with an average positive surprise of 23.61%.
SLM Corp. beat estimates in three of the last four quarters, with an average positive surprise of 14.55%.
Credit Acceptance beat estimates in each of the last four quarters, with an average positive surprise of 7.20%.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Image: Bigstock
Total System (TSS) and Tesco Bank Renew Payments' Deal
Total System Services Inc. recently renewed its payments’ agreement with Tesco Bank to continue processing the bank’s consumer credit card portfolios. Per the deal, Total System will process Tesco Bank’s portfolio through its TS2 platform.
Total System has grown meaningfully over the years through a number of strategic acquisitions, mergers, alliances and partnerships. Recently, the company renewed its payment services’ accord with Valley National and Advanzia Bank.
Year to date, the Total System stock has returned 19.9%, whereas the Zacks categorized Financial Transaction Services industry has gained 16.7%. The company’s strong inorganic growth will have a favorable impact on the stock price.
Tesco Bank has a fast-growing portfolio of core retail banking and general insurance products to service Tesco shoppers. It provides 8.1 million accounts and policies to customers. The existing relationship, which was forged in 2010, between the two companies would be further strengthened by the aforesaid deal. It will also enhance Total System’s reach and boost its value proposition among Tesco’s customers.
On the other hand, Tesco Bank is likely to benefit from Total System’s full support and product expertise which would enable the former to grow and better serve its clients. The extension of this agreement is also a testimony to Total System’s strong position in the UK payments market. In the U.K., Total System also serves Lloyds Banking Group.
Total System has been strengthening its clientele by offering customized and flexible processing solutions to its partners across the globe, primarily in the merchant acquiring space. Additionally, the company is making efforts to tap opportunities in the recovering markets through high-grade technology.
Total System carries a Zacks Rank #2 (Buy). Other stocks worth considering in the same space are QIWI PLC (QIWI - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and SLM Corp. (SLM - Free Report) and Credit Acceptance Corp. (CACC - Free Report) with the same Zacks Rank as Total System. You can see the complete list of today’s Zacks #1 Rank stocks here.
QIWI beat estimates in each of the last four quarters, with an average positive surprise of 23.61%.
SLM Corp. beat estimates in three of the last four quarters, with an average positive surprise of 14.55%.
Credit Acceptance beat estimates in each of the last four quarters, with an average positive surprise of 7.20%.
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.
Click here for Zacks' secret trade>>