In making the announcement, TSYS President and Chief Executive Officer M. Troy Woods stated, "I have had the privilege of knowing and working with Ken from day one of his incredibly distinguished career. He possesses that rare and unique ability to leverage his technical acumen with sound business strategy which is very much needed and appreciated in today's environment. We are indebted to Ken for his service and for the role he has played in positioning TSYS as one of the most respected Fin Tech companies in the payments industry. He is very much respected throughout our organization and the industry and his shoes will be hard to fill. Over the next few months, we will work together to review his areas of responsibility to ensure a smooth transition."

During Tye's tenure, in the mid-1990's, he led a team responsible for building TS2, still considered the industry's most technologically advanced payment processing system in the market today. Most recently, Tye has led the team creating a more open technology environment to power TSYS' next generation of digital innovation and consumer servicing.