TSYS Acquiring Solutions Plans Consolidated Discover Network Servicing.Acquiring Clients will be able to Offer Merchants the Convenience of Consolidated Servicing, Statementing and Settlement TEMPE, Ariz. -- TSYS TSYS Total System Services, Inc. Acquiring Solutions(SM), formerly known as Vital Processing Services, the preeminent supplier of acquiring solutions, related systems and integrated support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the acquiring industry, and Discover Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a business unit of Morgan Stanley (NYSE NYSE See: New York Stock Exchange : MS), today announced plans to integrate Discover Network card acceptance into its offering for merchant acquirers and independent sales organizations (ISOs). It is the objective of TSYS Acquiring Solutions to offer its clients the ability to include the Discover Network brand across its product suite, along with the other major payment brands. Full support for Discover Network products will be available on the TSYS Acquiring platforms, including integrated merchant billing and reporting, comprehensive merchant statementing and servicing, consolidated settlement processing, and exception and chargeback Chargeback The charge a credit card merchant pays to a customer after the customer successfully disputes an item on his or her credit card statement. Notes: Customers dispute charges to their credit card usually when goods or services are not delivered within the management. "We are pleased to partner with Discover Network as a fully integrated acceptance brand," said Rod Boyer, senior vice president, product and marketing for TSYS Acquiring Solutions. "The agreement will give our acquiring clients and their merchants the added convenience of receiving consolidated service, products, and reporting solutions, from us as a single-source provider." "The combined expertise, trust, and value both companies bring to this agreement will provide acquirers, ISOs, and merchants with an exceptional processing package," said Harit Talwar A talwar, talwaar, or tulwar (Devanagari: तलवार) is a type of sword prevalent in medieval India dating back to at least the 13th century. It bears a resemblance to the Persian shamshir and the Turkish kilic. , executive vice president, Discover Financial Services. "The strong relationships TSYS Acquiring Solutions has with acquirers enables Discover to further broaden Discover Network card acceptance, while meeting their need for an all-in-one payments processing solution." About TSYS Acquiring Solutions TSYS Acquiring Solutions is the preeminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers. TSYS Acquiring Solutions delivers comprehensive solutions and support that securely and reliably process billions of credit and debit transactions every year. From authorization and capture services to the clearing and settling of merchant transactions, critical customer support functions and information management services, TSYS Acquiring Solutions helps acquirers effectively manage and grow their merchant portfolios. TSYS Acquiring Solutions is a wholly owned TSYS([R])(NYSE: TSS See ITU. ) subsidiary. Additional information about TSYS Acquiring Solutions can be found at www.tsysacquiring.com. About Discover Financial Services Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE: MS), operates the Discover Card, with more than 50 million cardmembers, and the Discover Network, which is the largest credit card network in the U.S. with more than 4 million merchant and cash access locations. Discover Financial Services also operates the PULSE([R]) ATM/debit network, which serves more than 4,200 financial institutions and includes nearly 250,000 ATMs and approximately 3.4 million POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminals. For more information, visit www.discovercard.com, www.discovernetwork.com or www.pulse-eft.com. |
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