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February 19, 2013 4:18 PM

Largest deal ever by TSYS: Columbus company spending $1.4 billion on Texas-based prepaid card company NetSpend

In a cash deal valued at $1.4 billion — and in its largest acquisition ever — credit-card processor TSYS on Tuesday said it is purchasing Texas-based NetSpend, a company that specializes in offering prepaid debit cards to 68 million consumers.

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