Columbus: Synovus weighing spinning off TSYS

The Columbus-based bank-holding firm which owns almost over 80-percent of TSYS, made the statement on Tuesday as part of their second-quarter earnings report.

Both companies have formed board-level committees to consider the step, and expect to make their decision by the third quarter, according to a report in the Ledger-Enquirer newspaper.

TSYS has over 6,700 employees in their American, Latin American, European and Asian operations.