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
“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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