I remain upbeat about the shares of Total System Services (TSS), a US-based provider of electronic payment processing and related services. Global adoption of digital payments is currently on the rise, and this, I believe, should continue to support demand for Total System’s services going forward. The company’s financial for the third quarter of 2015 were strong, with both top and bottom line topping consensus estimates. Operating revenues rose 15% y-o-y to $708 mn driven by North America revenue growth of 21% and NetSpend revenue growth of 22%. Total System saw a significant improvement in transaction volumes; total number of accounts on file reached 760.4 mn, reflecting a 26% growth y-o-y. Adjusted EBITDA rose 21% to $239 mn, and EBITDA margin expanded 160 basis points to 33.7%. Adjusted EPS surged 40% y-o-y to 78 cents. Total System reported a year-to-date free cash flow increase of 45.8% to $324.4 mn. With a strong cash backup, the company plans to continue to move toward its strategic goal of returning approximately 75% of available free cash flow to its shareholders in the form of dividends and share repurchases. Backed by solid Q3 results, Total System raised its full-year 2015 guidance range for revenues and earnings. Revenues are now expected to grow 12-13% (previous growth range was 10-12%) to $2.728-2.743 mn. 2015 adjusted EPS is now forecast at $2.43-2.47, up 24-26%, compared with prior growth projection of 15-17%. Recently, Total System’s shares broke a $55 resistance level to the upside. I expect growth to continue, and $60 is the nearest goal.