TSYS Acquiring Solutions Signs Processing Agreement with Clearent.TEMPE, Ariz. -- TSYS TSYS Total System Services, Inc. Acquiring Solutions(SM), formerly Vital Processing Services, the pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae 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, today announced an agreement to provide merchant-processing services for Clearent. Clearent provides debit- and credit-card payment processing to independent sales organizations This article or section deals primarily with the English-speaking world and does not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. (ISOs) and agent banks. Clearent, based in St. Louis, Mo., is focused on providing efficient and feature-rich offerings to the marketplace. "TSYS Acquiring Solutions provides us with a broad set of solutions, systems reliability and service excellence that will help us expand our offerings and operate on a larger scale. This partnership will significantly enhance the growth of our business," says Dan Geraty, chief executive officer of Clearent. "TSYS Acquiring Solutions is pleased to have a partnership with Clearent to deliver value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. , speed and technology to their ISOs and agent banks," says Charles M. Hegarty, senior vice president of sales and client relations for TSYS Acquiring Solutions. The multiyear agreement is effective Oct. 4, 2006. Other financial terms of the agreement were not disclosed. 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 NYSE See: New York Stock Exchange : TSS See ITU. ) subsidiary. Additional information about TSYS Acquiring Solutions can be found at www.tsysacquiring.com. About Clearent Clearent was founded in 2005 by a team of industry experts who are passionately committed to their customers' success. Clearent's 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. and Agent Bank customers have online access to merchant boarding, residual management, and search and reporting functions, all backed up by outstanding customer service. Every interaction with Clearent is designed to be quick, simple, and efficient, so customers and their merchants stay focused on what they do best. Additional information can be found at http://www.clearent.com. |
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