Pivotal-Point Tracking TSS (TSSI): Cloud Payment Volume Increases by 14% with 28% Operating Margin!

Total System Services is a provider of cloud-based payment solutions for financial institutions and merchants worldwide. On March 11, the company reported a revenue increase to $1.2 billion, representing a growth of 14%. Particularly, the sector of cross-border transactions showed above-average growth with an increase of 19%. By integrating new security features and enhancing platform scalability, the operating margin was raised to 28%. Management also increased its forecast for free cash flow. The company primarily benefits from the ongoing digitalization...