Relationships with Affiliated Companies

12 Months Ended

Dec. 31, 2015

Relationships with Affiliated Companies

Note 4 Relationships with Affiliated Companies

TSYS has a note payable to Merchants Limited, which has a noncontrolling interest in EMEA. Refer to Note 13 for more information regarding this loan.

The Company provides miscellaneous services to Merchants Limited and to the Company’s equity investments, TSYS de México and CUP Data.

The foregoing related party arrangements and services are performed under contracts that are similar to its contracts with unrelated third party customers. The Company believes the terms and conditions of transactions between the Company and these related parties are comparable to those which could have been obtained in transactions with unaffiliated parties.

Through its related party transactions, TSYS generates accounts receivable and liability accounts with TSYS de México and CUP Data.

The Company had the following balances with related parties as of December 31, 2015 and 2014:

(in thousands)	2015		2014
Accounts receivable	$	19	$	19
Account payable		3,278		4,329

The table below details revenues and expenses derived from affiliated companies for the years ended December 31, 2015, 2014 and 2013:

(in thousands)	2015		2014		2013
Total revenues:
CUP Data	$	116		232		229
TSYS de México		85		78		68
Total revenues	$	201		310		297
Total operating expenses:
Merchants Limited	$	4,202		9,842		5,739
TSYS de México		148		148		148
Total operating expenses	$	4,350		9,990		5,887
Nonoperating expenses paid to Merchants Limited	$	42		—		—