8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

May 25, 2006
Date of Report
(Date of Earliest Event Reported)

Total System Services, Inc.

(Exact Name of Registrant as Specified in its Charter)

Georgia	1-10254	58-1493818
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1600 First Avenue, Columbus, Georgia 31901
(Address of principal executive offices) (Zip Code)

(706) 649-2267
(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01	Regulation FD Disclosure.
	On May 25, 2006, Total System Services, Inc. (“Registrant”) issued a press release announcing the execution of a long term agreement with Wachovia Corporation for Registrant to provide core-processing and other related services in support of Wachovia’s re-entry into the consumer credit-card line of business. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. This information shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into any document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934 except as shall be expressly set forth by specific reference in such filing.
Item 9.01	Financial Statements and Exhibits.

(d)	Exhibits
Exhibit No.	Description
99.1	Registrant’s press release dated May 25, 2006

2

Signature

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TOTAL SYSTEM SERVICES, INC. (“Registrant”)
Dated: May 25, 2006	By:	/s/ Kathleen Moates Kathleen Moates Senior Deputy General Counsel

3

EX-99.1

EXHIBIT 99.1

For Immediate Release

Contact:

Eric S. Bruner	Shawn Roberts	Jennifer Darwin
TSYS Media Relations	TSYS Investor Relations	Wachovia Corp.
+1.706.644.8457	+1.706.644.6081	+1.704.383.8149
ebruner@tsys.com	shawnroberts@tsys.com	jennifer.darwin@wachovia.com

TSYS, Wachovia Reach Agreement for Payment Services

Columbus, Ga., May 25, 2006 — TSYS and Wachovia Corporation, the No. 4 U.S. bank-holding company, today announce the execution of a long term agreement for TSYS to provide core-processing and other related services in support of Wachovia’s re-entry into the consumer credit-card line of business.

     The initial product launch is scheduled for early summer. Wachovia plans to launch its card program using TS2, the industry’s leading payment-processing engine, and a range of other portfolio-management services provided by TSYS.

     “It’s a privilege to welcome Wachovia to the TSYS family,” says Philip W. Tomlinson, chairman and chief executive officer of TSYS. “Wachovia has earned a tremendous reputation as one of the nation’s premier financial-services companies, and we’re excited to be chosen as the trusted agent for its card portfolio.”

     “We are extremely pleased to partner with a company that is a clear technological leader in the credit-card processing industry,” says Steven G. Boehm, president of Wachovia Card Services. “Our company has decided to re-enter the card-issuing business to provide Wachovia customers with outstanding products and stellar customer service. TSYS is a company we can build a trusting relationship with, just like those we work to create with every Wachovia customer. Strong partnerships are critical to us as we build an innovative payment-card business for the 21st century.”

     Until recently, Wachovia had processed its consumer-credit card portfolio through an agent-bank agreement with the former MBNA Corp. The company conducted an in-depth analysis of its credit-card business options after the announcement that Bank of America would acquire MBNA and determined that issuing its own credit cards directly would ensure that it continued to provide industry-leading service to its customers and the best returns to its shareholders.

About TSYS

     TSYS (www.tsys.com) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit and prepaid services for financial institutions and retail companies in North America, Europe and the Asia-Pacific. Based in Columbus, Ga., TSYS

— more —

TSYS, Wachovia reach agreement for payment services/p. 2

(NYSE: TSS) is 80-percent held by Synovus Financial Corp. (NYSE: SNV), one of FORTUNE magazine’s “Most Admired Companies” and a member of its “100 Best Companies to Work For” Hall of Fame. For more information, contact news@tsys.com.

About Wachovia

     Wachovia Corporation (NYSE: WB) is one of the nation’s largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia operates as Wachovia Bank through 3,159 offices in 16 states from Connecticut to Florida and west to Texas, and, until merger integration activity is completed, will continue to be known as Western Financial Bank in California. Two core businesses operate under the Wachovia Securities brand name: retail brokerage in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. Wachovia had assets of $541.8 billion, market capitalization of $90.2 billion and stockholders’ equity of $49.8 billion at March 31, 2006.

###