TSYS Acquiring Solutions Signs Agreement with NPC.TEMPE, Ariz. -- TSYS TSYS Total System Services, Inc. Acquiring Solutions(SM), formerly Vital Processing Services, the pre-eminent 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, has reached an agreement to provide transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services for National Processing Company (NPC 1. (complexity) NPC - NP-complete. 2. (architecture) NPC - Next Program Counter. ), formerly Iron Triangle Payment Systems. The multi-year agreement was effective in the third quarter of 2006. Financial terms of the agreement were not disclosed. NPC, with its affiliate companies, is now the sixth-largest merchant acquirer in the United States, providing processing services for more than 275,000 merchant locations and hundreds of independent sales organizations (ISOs). NPC provides a wide range of business transaction processing, from point-of-sale credit-card processing to e-commerce solutions. Annually, NPC processes more than $25 billion in purchase volume. "NPC has experienced tremendous growth over the past several years with many high-profile acquisitions. In September 2006, they completed the acquisition of a merchant portfolio from BA Merchant Services BA Merchant Services, LLC is a wholly owned subsidiary of Bank of America specializing in handling credit, debit, stored value, and electronic benefits transfer (EBT) card transactions. , the merchant-processing business of Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. N.A., which brought a significant number of new merchants and volume to their portfolio," said Charles M. Hegarty, senior vice president of sales and client relations for TSYS Acquiring Solutions. "We are delighted to serve as one of NPC's premier partners in delivering secure and reliable solutions to their merchant and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. clients." "We are excited to be working more broadly with TSYS Acquiring Solutions because, like NPC, they are dedicated and focused on customer service and systems reliability and can support our rapid growth," says Mark D. Schatz, executive vice president of National Processing Company. About TSYS Acquiring Solutions TSYS Acquiring Solutions is the pre-eminent 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 NYSE See: New York Stock Exchange : TSS See ITU. ) subsidiary. Additional information about TSYS Acquiring Solutions can be found at www.tsysacquiring.com. About National Processing Company NPC is the largest provider of payment processing services exclusively focused on small and medium sized merchants in the United States, and the leading merchant acquirer focused on the ISO segment. NPC provides its distribution partners and merchants unparalleled focus and support through industry-leading talent and technologies. |
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