Agreement reached to process the bank’s consumer credit portfolio

Columbus, Ga., Nov. 20, 2013–TSYS (NYSE: TSS) announced today that it has signed a long-term payments agreement with FirstBank Puerto Rico to provide payment processing for the bank’s consumer credit card portfolio.

FirstBank Puerto Rico has been a long-term TSYS client, with a relationship dating back to the late 1980s. Prior to this agreement, TSYS has provided processing for the bank’s commercial card and debit card portfolios. In addition to core processing services, FirstBank Puerto Rico also contracts with TSYS to provide fraud prevention, risk management and full customer support.

“When we made the decision to reacquire our consumer credit card portfolio from FIA Card Services, we were looking for the solution that best fit our current needs while allowing for future growth and innovation,” said Cassan Pancham, executive vice president and business group executive for FirstBank Puerto Rico. “We came to the conclusion that the best choice for us was TSYS, our long-time partner and an industry leader with a track record of success with our products.”

“We are excited to expand our relationship with FirstBank Puerto Rico,” said Bill Pruett, president of TSYS’ North America services segment. “We have been a part of the bank’s success in both credit and debit for more than 25 years, and are always proud when a client recognizes that we can do even more for their business.”

The successful conversion of FirstBank Puerto Rico’s consumer credit card portfolio to TSYS’ TS2® platform occurred in September of this year. Financial terms of the agreement were not disclosed.

About First BanCorp.

First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the Virgin Islands and Florida, and of FirstBank Insurance Agency. First BanCorp. and FirstBank Puerto Rico operate within U.S. banking laws and regulations. The Corporation operates a total of 152 branches, stand-alone offices, and in-branch service centers throughout Puerto Rico, the U.S. and British Virgin Islands, and Florida. Among the subsidiaries of FirstBank Puerto Rico are First Federal Finance Corp., a small loan company; FirstBank Puerto Rico Securities, a broker-dealer subsidiary; First Management of Puerto Rico; and FirstMortgage, Inc., a mortgage origination company. In the U.S. Virgin Islands, FirstBank operates First Express, a small loan company. First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol FBP. Additional information about First BanCorp. may be found at http://www.firstbankpr.com.

About TSYS

At TSYS, (NYSE: TSS), we believe payments should revolve around people–not the other way around. We call this belief “People-Centered Payments℠.” By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend, a TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.

TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, and has been named one of the 2013 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more please visit us at http://www.tsys.com.

Contacts

Cyle Mims
TSYS Media Relations
+1.706.644.3110
cylemims@tsys.com

Shawn Roberts
TSYS Investor Relations
+1.706.644.6081
shawnroberts@tsys.com