TSYS has partnered with Pivotal Payments to serve as provider
of authorisation, settlement and dispute resolution services for
the US-based supplier of merchant services.
Pivotal Payments provides merchants with
services such as credit and debit card processing, electronic check
conversion and loyalty and gift card programmes.
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A joint statement said that Pivotal Payments
will leverage TSYS’ payment solutions to enable the capture of
additional market share.
Mark Pyke, president of TSYS Merchant Services
said: “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.”
This latest venture demonstrates TSYS’
continued commitment to merchant servicing businesses
investment.
In October 2011, Cards International’s sister
publication, Electronic Payments International reported on
TSYS’ acquisition of Vanguard’s merchant portfolio.
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By GlobalDataPivotal Payments said they had more than
60,000 merchants with processing in excess or $10 b (€7.8b) in
credit card payments annually.
