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

November 10, 2016

Date of Report (Date of Earliest Event Reported)

Total System Services, Inc.

(Exact Name of Registrant as Specified in its Charter)

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

One TSYS Way, Columbus, Georgia 31901

(Address of principal executive offices) (Zip Code)

(706) 644-6081

(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:

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

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

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

☐ 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 November 10, 2016, NetSpend Corporation (“NetSpend”), a subsidiary of Total System Services, Inc. (“Registrant”), became subject to a complaint filed by the Federal Trade Commission (“FTC”) alleging that certain NetSpend marketing materials were deceptive. Registrant intends to vigorously defend matters arising out of the complaint, and believes that NetSpend has substantial defenses to do so. Also on November 10, 2016, NetSpend issued a press release responding to the FTC’s complaint. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information in the press release 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                 NetSpend’s press release dated November 10, 2016

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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: November 10, 2016	By:	/s/ Kathleen Moates
		Kathleen Moates Senior Deputy General Counsel

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EX-99.1

Exhibit 99.1

For immediate release:

Contacts:

NetSpend Media Relations mediarelations@netspend.com Cyle Mims TSYS Media Relations +1.706.644.3110 cylemims@tsys.com Shawn Roberts TSYS Investor Relations +1.706.644.6081 shawnroberts@tsys.com

NETSPEND RESPONDS TO FEDERAL TRADE COMMISSION COMPLAINT

AUSTIN, Texas, Nov. 10, 2016 — Today, NetSpend, a leading provider of prepaid card solutions, became subject to a complaint filed by the Federal Trade Commission (FTC) related to certain NetSpend marketing materials. NetSpend intends to vigorously contest this complaint and has substantial defenses to do so.

At issue in the complaint is whether consumers were deceived because of NetSpend’s compliance with federally mandated obligations under the USA PATRIOT Act to confirm the identity of those acquiring NetSpend prepaid cards. NetSpend takes seriously and carefully adheres to these legal mandates to fight identity theft, money laundering and terrorist financing and believes that no one was deceived or harmed by the company’s compliance with these legal obligations. The complaint also relates to NetSpend’s fraud controls, which are required by federal law, including the FTC’s own Red Flags Rule, to monitor accounts for account takeover and possible fraud in order to protect consumer funds. These processes are not deceptive, but instead comply with the law and protect consumers.

Customers expect and deserve strong safeguards that combat identify theft, fraud and other criminal activity. NetSpend is committed to meeting those expectations and complying with federal law while delivering the convenience and financial flexibility that our products offer. NetSpend promotes financial inclusion by making prepaid cards available to millions of hard-working Americans who do not have access to a traditional bank account or who choose to rely on alternative financial services.

NetSpend brings cardholders into the digital economy with electronic payments, online account tools, and automatic balance updates. The NetSpend prepaid card is a bank-issued product that offers FDIC insurance, interest bearing savings accounts, payback rewards, and direct deposit.

About NetSpend, a TSYS Company

NetSpend is the prepaid provider of choice to self-banked consumers and the brands that serve them. With a mission to empower consumers with the convenience, security and freedom to be self-banked, NetSpend’s products have helped over 10 million consumers spend, budget and pay bills since 1999. Consumers can reload and find NetSpend Prepaid Cards at convenient locations nationwide through NetSpend’s extensive network of 130,000 reload points and more than 85,000 distributing locations and employers, including check cashers, convenience stores, grocers, pharmacies, insurance providers and tax preparers. Headquartered in Austin, Texas, NetSpend is a wholly owned subsidiary of TSYS (NYSE: TSS). For more information, please visit www.netspend.com.

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