Exhibit 99.2

TSYS Announces 2008 Earnings
Page 7 of 14

TSYS
Financial Highlights
(unaudited)
(in thousands, except per share data)

	Three Months Ended									Twelve Months Ended
	December 31,									December 31,
							Percentage									Percentage
	2008			2007			Change			2008			2007			Change
Revenues
Electronic payment processing services	$	243,088			240,509			1.1	%	$	976,852			955,926			2.2	%
Merchant acquiring services		69,621			63,950			8.9			261,427			254,069			2.9
Other services		64,134			56,938			12.6			253,779			218,128			16.3
Revenues before reimbursables		376,843			361,397			4.3			1,492,058			1,428,123			4.5
Reimbursable items		116,537			97,116			20.0			446,550			377,713			18.2
Total revenues		493,380			458,513			7.6			1,938,608			1,805,836			7.4
Expenses
Salaries & other personnel expense		149,327			145,689			2.5			598,573			576,655			3.8
Net technology & facilities expense		75,626			67,813			11.5			298,701			273,154			9.4
Spin related expenses		1,272			11,834			(89.3	)		11,140			13,526			(17.6	)
Other operating expenses		59,398			55,364			7.3			212,094			211,277			0.4
Expenses before reimbursable items		285,623			280,700			1.8			1,120,508			1,074,612			4.3
Reimbursable items		116,537			97,116			20.0			446,550			377,713			18.2
Total operating expenses		402,160			377,816			6.4			1,567,058			1,452,325			7.9
Operating income		91,220			80,697			13.0			371,550			353,511			5.1
Nonoperating income		5,027			6,219			(19.2	)		5,850			24,180			(75.8	)
Income before income taxes, minority interests and equity in income of equity investments		96,247			86,916			10.7			377,400			377,691			(0.1	)
Income taxes		30,409			42,226			(28.0	)		131,795			143,668			(8.3	)
Income before minority interests and equity in income of equity investments		65,838			44,690			47.3			245,605			234,023			4.9
Minority interests		(255	)		(541	)		52.9			(1,576	)		(1,976	)		20.2
Equity in income of equity investments		745			1,531			(51.3	)		6,071			5,396			12.5
Net income	$	66,328			45,680			45.2	%	$	250,100			237,443			5.3	%
Basic earnings per share	$	0.34			0.23			46.4	%	$	1.28			1.21			5.7	%
Diluted earnings per share	$	0.34			0.23			46.4	%	$	1.27			1.20			5.6	%
Dividend declared per share	$	0.07			3.10					$	0.28			3.31
Average common shares outstanding		195,403			197,109						196,106			196,759
Average common and common equivalent shares outstanding		195,746			197,379						196,705			197,165

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TSYS Announces 2008 Earnings
Page 8 of 14

	TSYS
	Segment Breakdown
	(unaudited)
	(in thousands)
	Three Months Ended December 31, 2008															Three Months Ended December 31, 2007
	North America			Global			Merchant			Spin-Related						North America			Global			Merchant			Spin-Related
	Services			Services			Services			Costs			Consolidated			Services			Services			Services			Costs			Consolidated
Revenues before reimbursables	$	243,554			77,254			62,691			—			383,499			242,169			68,072			57,788			—			368,029
Intersegment revenues		(5,578	)		(618	)		(460	)		—			(6,656	)		(5,983	)		(486	)		(163	)		—			(6,632	)
Revenues before reimbursables from external customers	$	237,976			76,636			62,231			—			376,843			236,186			67,586			57,625			—			361,397
Total revenues	$	342,905			80,718			78,675			—			502,298			323,430			70,585			73,298			—			467,313
Intersegment revenues		(7,840	)		(618	)		(460	)		—			(8,918	)		(8,151	)		(486	)		(163	)		—			(8,800	)
Revenues from external customers	$	335,065			80,100			78,215			—			493,380			315,279			70,099			73,135			—			458,513
Depreciation and amortization	$	24,409			7,340			7,778			—			39,527			25,303			6,451			6,500			—			38,254
Intersegment expenses	$	2,049			(3,016	)		(7,951	)		—			(8,918	)		3,077			(4,202	)		(7,675	)		—			(8,800	)
Segment operating income	$	64,722			12,425			15,345			(1,272	)		91,220			63,781			11,381			17,369			(11,834	)		80,697
Income before income taxes, minority interest and equity income of equity investments		63,315			18,995			15,209			(1,272	)		96,247			70,700			10,284			17,766			(11,834	)		86,916
Income tax expense	$	19,204			5,983			5,578			(356	)		30,409			23,491			3,696			5,940			9,099			42,226
Equity in income of equity investments	$	560			185			—			—			745			730			801			—			—			1,531
Net Income	$	44,671			12,942			9,631			(916	)		66,328			47,939			6,848			11,826			(20,933	)		45,680
Identifiable assets		1,382,969			324,313			212,779			—			1,920,061			1,271,116			319,279			197,230			—			1,787,625
Intersegment eliminations		(379,995	)		(977	)		—			—			(380,972	)		(305,853	)		(1,526	)		(1,226	)		—			(308,605	)
Total assets		1,002,974			323,336			212,779			—			1,539,089			965,263			317,753			196,004			—			1,479,020

	Twelve Months Ended December 31, 2008															Twelve Months Ended December 31, 2007
	North America			Global			Merchant			Spin-Related						North America			Global			Merchant			Spin-Related
	Services			Services			Services			Costs			Consolidated			Services			Services			Services			Costs			Consolidated
Revenues before reimbursables	$	973,746			307,361			234,467			—			1,515,574			978,416			243,226			231,947			—			1,453,589
Intersegment revenues		(20,677	)		(1,658	)		(1,181	)		—			(23,516	)		(23,474	)		(1,187	)		(805	)		—			(25,466	)
Revenues before reimbursables from external customers	$	953,069			305,703			233,286			—			1,492,058			954,942			242,039			231,142			—			1,428,123
Total revenues	$	1,353,863			318,534			298,792			—			1,971,189			1,294,096			253,498			292,118			—			1,839,712
Intersegment revenues		(29,742	)		(1,658	)		(1,181	)		—			(32,581	)		(31,884	)		(1,187	)		(805	)		—			(33,876	)
Revenues from external customers	$	1,324,121			316,876			297,611			—			1,938,608			1,262,212			252,311			291,313			—			1,805,836
Depreciation and amortization	$	98,403			33,490			27,797			—			159,690			101,575			24,213			26,680			—			152,468
Intersegment expenses	$	9,920			(12,217	)		(30,283	)		—			(32,580	)		13,128			(16,163	)		(30,836	)		—			(33,871	)
Segment operating income	$	268,733			48,362			65,595			(11,140	)		371,550			258,256			44,083			64,698			(13,526	)		353,511
Income before income taxes, minority interest and equity income of equity investments		266,441			55,983			66,116			(11,140	)		377,400			281,935			42,845			66,437			(13,526	)		377,691
Income tax expense	$	92,217			19,209			23,711			(3,342	)		131,795			97,020			14,137			23,412			9,099			143,668
Equity in income of equity investments	$	2,145			3,926			—			—			6,071			3,498			1,898			—			—			5,396
Net Income	$	176,369			39,124			42,405			(7,798	)		250,100			188,413			28,630			43,025			(22,625	)		237,443

Note:	Revenues from North America Services include electronic payment processing services and other services provided from the United States to clients domiciled in the United States or other countries. Revenues from Global Services include electronic payment processing services and other services provided from outside the United States to clients based mainly outside the United States. Revenues from Merchant Services include TSYS Acquiring’s merchant acquiring and related services.
	Effective February 1, 2008, TSYS merged the operations of Golden Retriever LLC with TSYS Acquiring Solutions, LLC. As a result of the merger, the results of Golden Retriever for prior periods have been reclassified to reflect the move from North America Services to the Merchant Services segment.
	Equity in income of equity investments for TSYS de Mexico has been reclassified from Global Services to North America Services.

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TSYS Announces 2008 Earnings
Page 9 of 14

TSYS
Balance Sheet
(in thousands)

	Dec 31, 2008			Dec 31, 2007
	(unaudited)			(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	220,018			210,518
Restricted cash		35,821			29,688
Accounts receivable, net		257,721			256,970
Deferred income tax assets		11,687			17,152
Prepaid expenses and other current assets		88,690			72,250
Total current assets		613,937			586,578
Property and equipment, net		280,174			283,138
Computer software, net		202,927			205,830
Contract acquisition costs, net		137,402			151,599
Goodwill, net		165,995			142,545
Equity investments, net		85,928			80,905
Other intangible assets, net		17,452			13,462
Other assets		35,274			14,963
Total assets	$	1,539,089			1,479,020
Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of notes payable	$	8,575			8,648
Accrued salaries and employee benefits		59,844			85,142
Accounts payable		32,318			41,817
Current portion of obligations under capital leases		6,344			3,080
Other current liabilities		141,383			135,108
Total current liabilities		248,464			273,795
Notes payable, excluding current portion		196,294			252,659
Deferred income tax liabilities		51,575			67,428
Obligations under capital leases, excluding current portion		13,576			3,934
Other long-term liabilities		30,212			28,151
Total liabilities		540,121			625,967
Minority interests in consolidated subsidiaries		9,901			8,580
Shareholders’ Equity:
Common stock		20,036			19,966
Additional paid-in capital		121,184			104,762
Accumulated other comprehensive income, net		(2,804	)		28,322
Treasury stock		(69,641	)		(34,138	)
Retained earnings		920,292			725,561
Total shareholders’ equity		989,067			844,473
Total liabilities and shareholders’ equity	$	1,539,089			1,479,020

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TSYS Announces 2008 Earnings
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TSYS
Cash Flow
(unaudited)
(in thousands)

	Twelve Months Ended December 31,
	2008			2007
Cash flows from operating activities:
Net income	$	250,100			237,443
Adjustments to reconcile net income to net cash provided by operating activities:
Minority interests in consolidated subsidiaries’ net income		1,576			1,976
Equity in income of equity investments		(6,071	)		(5,396	)
Dividends received from equity investments		6,421			2,994
Gain on currency translation adjustments, net		(10,481	)		(41	)
Depreciation and amortization		159,690			152,468
Amortization of debt issuance costs		154			—
Share-based compensation		24,733			18,620
Excess tax benefit from share-based payment arrangements		(90	)		(8,507	)
Asset impairments		—			1,158
Provisions for (recoveries of) bad debt expense and billing adjustments		3,793			(568	)
Charges for transaction processing provisions		3,172			35
Deferred income tax expense (benefit)		4,339			(10,052	)
Loss on disposal of equipment, net		182			500
(Increase) decrease in:
Accounts receivable		(18,665	)		(8,997	)
Prepaid expenses, other current assets and other long-term assets		(48,024	)		(14,870	)
Increase (decrease) in:
Accounts payable		4,550			10,080
Accrued salaries and employee benefits		(25,267	)		4,445
Other current liabilities and other long-term liabilities		5,206			(46,426	)
Net cash provided by operating activities		355,318			334,862
Cash flows from investing activities:
Purchases of property and equipment, net		(47,969	)		(55,274	)
Additions to licensed computer software from vendors		(31,499	)		(33,382	)
Additions to internally developed computer software		(21,777	)		(17,785	)
Cash acquired in acquisition of subsidiary		899			—
Cash used in acquisitions and equity investments		(51,826	)		(12,552	)
Subsidiary repurchase of minority interest		(343	)		—
Additions to contract acquisition costs		(41,456	)		(22,740	)
Net cash used in investing activities		(193,971	)		(141,733	)
Cash flows from financing activities:
Proceeds from borrowings of long-term debt		18,575			263,946
Principal payments on long-term debt borrowings and capital lease obligations		(67,631	)		(4,816	)
Proceeds from exercise of stock options		268			11,672
Excess tax benefit from share-based payment arrangements		90			8,507
Repurchase of common stock		(35,698	)		—
Debt issuance costs		—			(767	)
Subsidiary dividends paid to noncontrolling shareholders		(241	)		—
Dividends paid on common stock		(55,449	)		(655,246	)
Net cash used in financing activities		(140,086	)		(376,704	)
Effect of exchange rate changes on cash and cash equivalents		(11,761	)		4,970
Net increase in cash and cash equivalents		9,500			(178,605	)
Cash and cash equivalents at beginning of year		210,518			389,123
Cash and cash equivalents at end of period	$	220,018			210,518

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TSYS Announces 2008 Earnings
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Geographic Area Data:

The following geographic area data represents revenues for the three months ended December 31 based on where the client is domiciled:

	Three Months Ended December 31,
(dollars in millions):	2008		%			2007		%			% Chg
United States	$	376.0		76.2	%	$	347.8		75.8	%		8.1	%
Europe		65.0		13.2			60.7		13.2			7.0
Canada		32.3		6.5			33.6		7.3			(3.8	)
Japan		11.2		2.3			6.8		1.5			65.1
Mexico		2.3		0.5			3.9		0.8			(41.9	)
Other		6.6		1.3			5.7		1.4			14.6
	$	493.4		100.0	%	$	458.5		100.0	%		7.6	%

The following geographic area data represents revenues for the twelve months ended December 31 based on where the client is domiciled:

	Twelve Months Ended December 31,
(dollars in millions):	2008		%			2007		%			% Chg
United States	$	1,470.0		75.8	%	$	1,400.3		77.5	%		5.0	%
Europe		269.1		13.9			211.8		11.7			27.0
Canada		127.1		6.5			126.7		7.0			0.3
Japan		33.9		1.8			24.5		1.4			38.6
Mexico		13.4		0.7			14.0		0.8			(4.3	)
Other		25.1		1.3			28.5		1.6			(12.1	)
	$	1,938.6		100.0	%	$	1,805.8		100.0	%		7.4	%

Geographic Area Revenue by Operating Segment:

The following table reconciles revenues by geography to revenues by reporting segment for the three months ended December 31:

	Three Months Ended December 31,
	North America				Global					Merchant
	Services				Services					Services
(dollars in millions):	2008		2007		2008		2007			2008		2007
United States	$	298.1		275.1		—		(0.1	)		77.9		72.8
Europe		0.2		0.4		64.8		60.3			—		—
Canada		32.2		33.4		—		—			0.1		0.1
Japan		—		—		11.2		6.8			—		—
Mexico		2.3		3.9		—		—			—		—
Other		2.3		2.5		4.1		3.1			0.2		0.2
	$	335.1		315.3		80.1		70.1			78.2		73.1

The following table reconciles revenues by geography to revenues by reporting segment for the twelve months ended December 31:

	Twelve Months Ended December 31,
	North America				Global				Merchant
	Services				Services				Services
(dollars in millions):	2008		2007		2008		2007		2008		2007
United States	$	1,173.6		1,109.8		0.2		0.5		296.2		289.9
Europe		0.9		1.7		268.2		210.1		—		—
Canada		126.5		126.2		—		—		0.6		0.6
Japan		—		—		33.9		24.5		—		—
Mexico		13.4		14.0		—		—		—		—
Other		9.7		10.5		14.6		17.2		0.8		0.8
	$	1,324.1		1,262.2		316.9		252.3		297.6		291.3

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TSYS Announces 2008 Earnings
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Supplemental Information:

	Accounts on File at December 31,
(in millions)	2008		%			2007		%			% Change
Consumer		205.8		58.4	%		201.5		53.7	%		2.2	%
Retail		52.9		15.0			56.8		15.1			(7.0	)
Commercial		42.8		12.1			39.0		10.4			9.8
Government services		21.2		6.0			23.7		6.3			(10.7	)
Stored Value		24.9		7.1			49.2		13.1			(49.4	)
Debit		4.9		1.4			5.3		1.4			(6.2	)
		352.5		100.0	%		375.5		100.0	%		(6.1)	%

(in millions)	December 31, 2008		December 31, 2007		% Change
QTD Average Accounts on File		355.5		368.6		(3.5	)%
YTD Average Accounts on File		365.7		401.2		(8.8	)

	Accounts on File at December 31,
(in millions)	2008		%			2007		%			% Change
Domestic		268.1		76.1	%		301.3		80.2	%		(11.0)	%
International		84.4		23.9			74.2		19.8			13.7
		352.5		100.0	%		375.5		100.0	%		(6.1)	%

Note: The accounts on file between domestic and international is based on the geographic domicile of processing clients.

Growth in Accounts on File (in millions):

	December 2007 to			December 2006 to
	December 2008			December 2007
Beginning balance		375.5			416.4
Change in accounts on file due to:
Internal growth of existing clients		36.5			40.3
New clients		22.7			24.2
Purges/Sales		(46.3	)		(11.8	)
Deconversions		(35.9	)		(93.6	)
Ending balance		352.5			375.5

Number of Employees (FTEs):	2008		2007
At December 31,		8,110		6,921
Quarterly average for period ended December 31,		8,053		6,910
YTD average for period ended December 31,		7,691		6,799

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TSYS Announces 2008 Earnings
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RECONCILIATION OF GAAP TO NON-GAAP

Consolidated

	Three Months Ended December 31,									Twelve Months Ended December 31,
(in thousands, except per share)	2008			2007			% Change			2008			2007			% Change
REVENUES
Total revenues	$	493,380			458,513			7.6	%	$	1,938,608			1,805,836			7.4	%
Deduct: reimbursable revenues		(116,537	)		(97,116	)					(446,550	)		(377,713	)
Revenues before reimbursables	$	376,843			361,397			4.3	%	$	1,492,058			1,428,123			4.5	%
Operating income	$	91,220			80,697			13.0	%	$	371,550			353,511			5.1	%
Add: spin-related costs		1,272			11,834						11,140			13,526
Operating income, excluding spin-related expenses	$	92,492			92,531			(0.0	)%	$	382,690			367,037			4.3	%
Operating margin, as reported		18.5	%		17.6	%					19.2	%		19.6	%
Operating margin, excluding reimbursables		24.2	%		22.3	%					24.9	%		24.8	%
Operating margin, excluding reimbursables and spin-related expenses		24.5	%		25.6	%					25.6	%		25.7	%
NET INCOME
Net income	$	66,328			45,680			45.2	%	$	250,100			237,443			5.3	%
Add: spin-related costs, net of tax		916			20,933						7,798			22,625
Net income, excluding spin-related expenses	$	67,244			66,613			0.9	%	$	257,898			260,068			(0.8	)%
Common shares outstanding		195,403			197,109						196,106			196,759
EARNINGS PER SHARE (EPS) — Basic
Basic EPS	$	0.34			0.23			46.4	%	$	1.28			1.21			5.7	%
Add: spin-related costs, net of tax per share		—			0.11						0.04			0.11
Basic EPS, excluding spin-related expenses	$	0.34			0.34			1.8	%	$	1.32			1.32			(0.5	)%

Operating Segments:

North America Services Segment

	Three Months Ended December 31,									Twelve Months Ended December 31,
(in thousands)	2008			2007			% Change			2008			2007			% Change
REVENUES
Total revenues	$	342,905			323,430			6.0	%	$	1,353,863			1,294,096			4.6	%
Deduct: reimbursable revenues		(99,351	)		(81,261	)					(380,117	)		(315,680	)
Revenues before reimbursables	$	243,554			242,169			0.6	%	$	973,746			978,416			(0.5	)%
Operating income	$	64,722			63,781			1.5	%	$	268,733			258,256			4.1	%
Operating margin, as reported		18.9	%		19.7	%					19.8	%		20.0	%
Operating margin, excluding reimbursables		26.6	%		26.3	%					27.6	%		26.4	%

Global Services Segment

	Three Months Ended December 31,									Twelve Months Ended December 31,
(in thousands)	2008			2007			% Change			2008			2007			% Change
REVENUES
Total revenues	$	80,718			70,585			14.4	%	$	318,534			253,498			25.7	%
Deduct: reimbursable revenues		(3,464	)		(2,513	)					(11,173	)		(10,272	)
Revenues before reimbursables	$	77,254			68,072			13.5	%	$	307,361			243,226			26.4	%
Operating income	$	12,425			11,381			9.2	%	$	48,362			44,083			9.7	%
Operating margin, as reported		15.4	%		16.1	%					15.2	%		17.4	%
Operating margin, excluding reimbursables		16.1	%		16.7	%					15.7	%		18.1	%

Merchant Services Segment

	Three Months Ended December 31,									Twelve Months Ended December 31,
(in thousands)	2008			2007			% Change			2008			2007			% Change
REVENUES
Total revenues	$	78,675			73,298			7.3	%	$	298,792			292,118			2.3	%
Deduct: reimbursable revenues		(15,984	)		(15,510	)					(64,325	)		(60,171	)
Revenues before reimbursables	$	62,691			57,788			8.5	%	$	234,467			231,947			1.1	%
Operating income	$	15,345			17,369			(11.7	)%	$	65,595			64,698			1.4	%
Operating margin, as reported		19.5	%		23.7	%					22.0	%		22.1	%
Operating margin, excluding reimbursables		24.5	%		30.1	%					28.0	%		27.9	%

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TSYS Announces 2008 Earnings
Page 14 of 14

Constant Currency Comparison
(unaudited)

	Three Months Ended December 31,								Twelve Months Ended December 31,
						Percent								Percent
(in thousands, except per share)	2008			2007		Change			2008			2007		Change
Consolidated
Constant currency (1)	$	512,159			458,513		11.7		$	1,959,729			1,805,836		8.5
Foreign currency (2)		(18,779	)		—		(4.1	)		(21,121	)		—		(1.2	)
Total revenues	$	493,380			458,513		7.6		$	1,938,608			1,805,836		7.4
Constant currency (1)	$	95,185			80,697		18.0		$	377,037			353,511		6.7
Foreign currency (2)		(3,965	)		—		(4.9	)		(5,487	)		—		(1.6	)
Operating income	$	91,220			80,697		13.0		$	371,550			353,511		5.1
Constant currency (1)	$	70,090			45,680		53.4		$	255,063			237,443		7.4
Foreign currency (2)		(3,762	)		—		(8.2	)		(4,963	)		—		(2.1	)
Net income	$	66,328			45,680		45.2		$	250,100			237,443		5.3
Constant currency (1)	$	0.36			0.23		54.8		$	1.31			1.21		7.8
Foreign currency (2)		(0.02	)		—		(8.3	)		(0.03	)		—		(2.1	)
Basic Earnings per share	$	0.34			0.23		46.4		$	1.28			1.21		5.7
Global Services
Constant currency (1)	$	99,497			70,585		41.0		$	339,655			253,498		34.0
Foreign currency (2)		(18,779	)		—		(26.6	)		(21,121	)		—		(8.3	)
Total revenues	$	80,718			70,585		14.4		$	318,534			253,498		25.7
Constant currency (1)	$	16,390			11,381		44.0		$	53,849			44,083		22.2
Foreign currency (2)		(3,965	)		—		(34.8	)		(5,487	)		—		(12.4	)
Operating income	$	12,425			11,381		9.2		$	48,362			44,083		9.7

(1)	Reflects current period results on a non-GAAP basis as if foreign currency rates did not change from the comparable prior year period.
(2)	Reflects the impact of actual and forecasted changes in foreign currency rates from the comparable period.

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