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September 07, 2011 09:00 AM Eastern Daylight Time
COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS) announced today that it has signed a long-term agreement with Clearent, LLC, to continue their current and well established merchant services processing relationship.
“This new agreement reaffirms our commitment to Clearent’s success and our pledge to be a trusted provider of product and technology solutions for merchant acquirers”
Under the agreement, TSYS will provide authorizations and other payment services for Clearent’s merchants using TSYS’ proven and reliable platforms. This enables Clearent to leverage the flexible and efficient technology offered by TSYS and benefit from a wide array of cost-saving and revenue-generating products and services. Clearent is on pace for another record-setting year for its credit card processing services and attributes their triple digit growth rates to advantages such as those afforded by the relationship with TSYS.
“This new agreement reaffirms our commitment to Clearent’s success and our pledge to be a trusted provider of product and technology solutions for merchant acquirers,” said Mark Pyke, president of TSYS Acquiring Solutions. “We are thrilled to continue our partnership with Clearent.”
“Our ongoing relationship with TSYS is based upon the partnership we have developed since the initial agreement,” said Dan Geraty, chief executive officer of Clearent. “TSYS supports the widest range of point-of-sale solutions coupled with world class customer service for Clearent and our merchants.”
About Clearent, LLC
Clearent is a payment processor whose proprietary technology and responsive support enable financial institutions, ISOs and merchants to maximize the value of their merchant services program. Clearent’s intuitive, web-based systems are simple to use and provide at-a-glance business intelligence not available from other providers. To learn more, visit www.clearent.com or call +1-866-205-4721.
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, supporting cross-border payments in more than 85 countries. Offering merchant payment-acceptance solutions as well as 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 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. For more information, please visit us at www.tsys.com.
Contacts
TSYS Media Relations
Cyle Mims, +1-706-644-3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
shawnroberts@tsys.com
Cyle Mims, +1-706-644-3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
shawnroberts@tsys.com
