Vital Processing Services Adopts New Name; Re-brands as TSYS Acquiring Solutions and Launches New Offerings at ETA.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. & TEMPE, Ariz. -- Vital Processing Services(R) (Vital)(R), a leading provider of solutions and services to the acquiring industry, announced today at the opening of the Electronic Transactions Association (ETA) Annual Meeting and Expo the re-branding of the company as TSYS TSYS Total System Services, Inc. Acquiring Solutions(SM). Last year TSYS purchased the remaining 50 percent equity stake that Visa U.S.A. held in Vital Processing Services, and Vital became a wholly owned TSYS subsidiary. "For the past ten years, Vital has been recognized by the clients we serve and partner with as the industry's preeminent provider 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 . Over the past year, we have worked diligently to ensure that our legacy of strong customer support remained intact as we integrated with TSYS as a wholly owned company," says Bev Wells, president and chief executive officer of TSYS Acquiring Solutions. "Our new name leverages and builds on a strong and respected TSYS brand-both domestically and internationally-and allows us to accelerate innovation, create more strategic value and further develop opportunities for our client partners; for our employees; for our stakeholders; and now, as part of a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , our shareholders," continued Wells. "We are delighted with the new TSYS Acquiring Solutions name," says Troy Woods, president of TSYS. "TSYS Acquiring Solutions positions us closer to the point of sale, enabling us to offer more fully integrated, global and end-to-end payment solutions to the marketplace." At the ETA Expo, the new TSYS Acquiring Solutions will showcase a number of new offerings for contactless, dynamic currency conversion Dynamic currency conversion (DCC) is a financial service in which holders of credit cards have the cost of a transaction converted to their local currency when making a payment in a foreign currency. Currently this feature is available for Visa and MasterCard networks only. , gift card, and petroleum and convenience store payments. The company will also exhibit enhanced merchant statement and Internet-based reporting capabilities for acquirer research and portfolio management. 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 TSYS TSYS (www.tsys.com) is one of the world's largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit and prepaid services for financial institutions and retail companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and the Asia Pacific. Based in Columbus, Ga., TSYS is 80-percent held by Synovus Financial Corp. (NYSE: SNV SNV Synovus Financial Corp. (stock symbol) SNV Schweizerische Normenvereinigung (Swiss standards body) SNV Stichting Nederlandse Vrijwilligers (Netherlands Development Organization) ), one of FORTUNE magazine's "Most Admired Companies" and a member of its "100 Best Companies to Work For" Hall of Fame. For more information, contact news@tsys.com. |
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