TSYS Signs Payment Services Agreement with Pivotal Payments
COLUMBUS, Ga., Jan. 10, 2012 — TSYS (NYSE: TSS) announced today that it has signed an agreement with Pivotal Payments to serve as the preferred provider of authorization, settlement and dispute resolution services for the North America-based company. With more than 60,000 merchants and processing in excess of $10 billion in credit card payments annually, Pivotal Payments will leverage TSYS' proven payment solutions to enable the capture of additional market share.
"We are extremely excited to be Pivotal Payment's preferred partner," said Mark Pyke, president of TSYS Merchant Services. "Pivotal Payments has created one of the fastest growing and most successful organizations in the payments industry, and TSYS is set to be a catalyst to aid in its continued growth."
"We are pleased and confident with our selection of TSYS as a preferred partner," said Philip Fayer, president and chief executive officer, Pivotal Payments. "After a very thorough selection process, TSYS clearly rose to the top. Its reputation for unparalleled service, commitment to the TSYS 'Customer Covenant', and ability to execute were all key factors in our selection."
About Pivotal Payments
Pivotal Payments is a leading provider of merchant services such as credit and debit card processing, electronic check conversion, merchant cash-advance programs, loyalty/gift card programs, and terminal management solutions. The company provides these services to small and mid-sized retail businesses, mail order/telephone order merchants, e-commerce, chain stores, franchises, restaurants and dealerships. With offices across North America, Pivotal Payments began in 2003 and has grown to over 400 employees, 1,200 agents and over 60,000 customers and processes over $10 billion in annual volume.
Pivotal Payments is a privately held company.
Company and product information are available at http://www.pivotalpayments.com.
TSYS (NYSE: TSS) is reshaping a new era in digital commerce, connecting consumers, merchants, financial institutions, businesses and governments. Through unmatched customer service and industry insight, TSYS creates a better experience for buyers and sellers, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare, installments, money transfer and more, TSYS makes it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
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. For more information, please visit us at www.tsys.com.
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