COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS) announced today that it has extended its long-term agreement with Veracity Payment Solutions to serve as their full-service payment solutions provider. A North American acquirer offering full-service payment technology to more than 12,000 businesses nationwide and processing approximately $2 billion in transaction volume annually, Veracity will utilize TSYS’ robust point-of-sale solutions and flexible, reliable systems to support an aggressive growth strategy.
“We are delighted to continue as Veracity’s growth partner,” said Tim Munto, group executive of Sales and Client Relations for TSYS Acquiring Solutions. “With a common goal of growth and customer service, TSYS is well positioned to be Veracity’s processing solutions partner.”
“TSYS has a breadth of value-added resources and a proven strategy to provide superior support to its clients,” said Joe Cohane, chief executive officer of Veracity Payment Solutions. “We value the consistency and stability of TSYS’ core processing services, which will continue to serve our clients and help grow our business.”
Terms of the long-term agreement were not disclosed.
About TSYS
At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered Payments." By putting people at the center of every decision we make, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make 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, and has been named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.
About Veracity Payment Solutions
Veracity is a merchant acquirer and provider of payment transaction processing services, related software applications and other value-added products to primarily small- and medium-sized merchants. The Company’s vision is to devise and deliver emerging payment solutions that have traditionally been available to only larger financial institutions and businesses. Veracity Payment Solutions is headquartered in Atlanta, Ga., with customer operations and sales services in Aiken, S.C., Moline, Ill., Honolulu, Hawaii and Lansing, Mich. Veracity is also the winner of the 2010 Torch Award for Marketplace Ethics-Category II, with the Better Business Bureau of Metro Atlanta. Visit www.veracitypayments.com for more information.