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October 24, 2011updated 04 Apr 2017 4:15pm

TSYS buys Vanguard’s merchant portfolio

US-based payments processor TSYS has acquired the merchant portfolio of Vanguard Payment Systems.

By Dursaff Ibrahim

US-based payments processor TSYS has acquired the merchant portfolio of Vanguard Payment Systems.

The portfolio purchase of the Florida based Vanguard Payment Systems includes merchant accounts, which will have access to TSYS Merchant Solutions products and services.

TSYS Merchant Solutions provides customisable payment services that enable credit, debit and prepaid cards at the cash register or via the Internet.

 Mark Pyke, president of TSYS Acquiring Solutions said:

“We will continue to invest in our merchant servicing business as demonstrated by this portfolio purchase, as well as our ownership of TSYS Merchant Solutions and recent acquisition of TermNet Merchant Services.”

 

 

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