Tuesday, May 10, 2011

TSYS Announces Significant Move into Canadian Merchant Processing Market

May 10, 2011 09:00 AM Eastern Daylight Time

TSYS Signs Merchant Services Agreement With Caledon Card Services

COLUMBUS, Ga. & GEORGETOWN, Ontario--(BUSINESS WIRE)--TSYS Acquiring Solutions today announced a significant move into the Canadian merchant processing market as part of an agreement with Caledon Card Services, a payments technology provider specializing in e-commerce, tokenization and card-not-present (CNP) environments. Caledon’s full-service processing agreement will leverage TSYS’ platforms with an end-to-end solution for its merchants and partners.

“When looking for a partner for our settlement and gateway services, we knew we needed a company with technological depth to support our clients’ various needs”

“TSYS continues to establish a strong presence in this growing North American market, and the agreement with Caledon represents yet another step into the Canadian processing space,” said Mark Pyke, president of TSYS Acquiring Solutions. “We couldn’t be more excited about supporting Caledon’s processing solutions, and are pleased to be a part of this fast-growing company’s future development.”

“When looking for a partner for our settlement and gateway services, we knew we needed a company with technological depth to support our clients’ various needs,” said Ian Rankin, chairman of Caledon Card Services. “TSYS easily satisfied these objectives, and we’re confident that we’ll enjoy a long and beneficial relationship.”

TSYS will facilitate authorization, capture, settlement and related payment services for Caledon’s merchants using TSYS’ established interchange system. Caledon will also send its dispute processing functions through TSYS’ industry-leading dispute and chargeback platforms.

About TSYS

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 globally, supporting cross-border payments in more than 85 countries. Offering 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 payment transactions with trust and convenience.

TSYS’ global headquarters are located in Columbus, Georgia, with other local offices spread across the Americas, EMEA and Asia-Pacific. TSYS serves approximately 400 clients in 85 countries, including relationships with more than half of the Top 20 international banks. For more information, please visit us at www.tsys.com.

About Caledon

Caledon Card Services provides PCI compliant internet gateway payment processing for merchants across North America. Specializing in custom ecommerce integrations, tokenization and all card-not-present (CNP) environments, Caledon processes more than 50 million transactions worth over $4.2 billion each year. A pioneer in its space, Caledon processed Canada’s first web originated credit card transaction back in 1997. Now as a full Canadian merchant acquirer, Caledon’s primary strategy continues to focus on providing secure, innovative, and niche type payment processing solutions for card brands, merchants, and partners alike. For more information, please visit www.caledoncard.com.