COLUMBUS, Ga., Feb. 12 /PRNewswire-FirstCall/ -- TSYS Debt Management
(TDM) today announced the retirement of its Chairman of the Board, Richard de
Mayo, effective March 31. De Mayo intends to return to the private practice
Before his appointment at TDM, de Mayo began practicing law with the law
firm of Howard, Wiggins & Smith in Atlanta, where he worked for five years.
As a part of his early practice of law, he represented creditors as well as a
large collections agency, and thus he made appearances in the state courts
throughout Georgia for the first five years of his practice. He also served
as special assistant attorney general for the State of Georgia.
In 1979, de Mayo merged his law practice to form Wallace & de Mayo, P.C.
He has almost 30 years of legal experience and has served on numerous bar
committees. Currently, de Mayo serves on the Board of Visitors, Emory
University; Board of Advisors, George West Mental Health Foundation; Board of
Visitors, Camp Seafarer/Camp Seagull; Board of Directors, Northern Kenya
Wildlife Trust; Member, State of Georgia Judicial Nominating Commission;
Officer, Old War Horse Lawyers Association; Member, American Bar Association,
Consumer Finance Committee.
"Under Richard's direction, TDM has seen tremendous growth. In 1979, the
company began with two team members, and today it has grown to more than 300
and has also become the largest legal network and the largest bankruptcy
management company in the United States. Although we will greatly miss
Richard and his contributions to TSYS, his legacy will continue to thrive in
the industry through TDM. We wish the best of luck to Richard and his family
in his retirement. Chuck Kinney, TDM president and CEO, will continue to lead
the company's strategic direction and daily operations," said Richard W.
Ussery, TSYS CEO and Chairman of the Board.
In 1999, Synovus acquired the debt collection and bankruptcy management
business offered by Wallace & de Mayo. After the acquisition, the company was
named TSYS Debt Management, and de Mayo became president and CEO until he was
named Chairman of the Board in 2001. TDM became a wholly owned subsidiary of
TSYS in 2002.
About TSYS Debt Management
With the most sophisticated collections applications in the industry, TSYS
Debt Management(SM)(TDM), a wholly owned subsidiary of TSYS, offers clients
low-cost, high-value early out and recovery collections and agency management,
bankruptcy process and legal account management, and skip tracing services.
Located in Atlanta, Ga., TDM handles any or all portions of a client's
TDM provides fully integrated technology offerings like the National
Attorney Network (NAN), its legal management unit, which is the nation's
largest legal collections network, serving retailers, banks and finance
companies. NAN facilitates and manages the placement of legal collection
cases at the account level from the creditor to the collection law firm.
TSYS (NYSE: TSS) (www.tsys.com) brings integrity and innovation to the
world of electronic payment services as the integral link between buyers and
sellers in this rapidly evolving universe. Synovus (NYSE: SNV) owns an 81-
percent interest in TSYS. For more information, contact email@example.com .