TSYS Acquiring Solutions Renews Agreement with Moneris Solutions.
Moneris Solutions is one of North America's leading payment processors, processing more than 2.3 billion credit- and debit-card transactions a year for more than 350,000 merchant locations across North America. The agreement continues a long-standing relationship between the two companies, with TSYS Acquiring Solutions remaining as Moneris' preferred third-party provider of transaction-processing and related support services in the United States.
"TSYS Acquiring Solutions has been, and will continue to be, a great partner in helping us deliver superior solutions to our merchant partners," says Greg C. Cohen, U.S. president of Moneris Solutions.
"We are thrilled to continue to serve Moneris as its processing partner and look forward to developing an even deeper and mutually beneficial relationship," says Robert J. Philbin, president of TSYS Acquiring Solutions.
The multiyear agreement was effective, Nov. 1, 2006. 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: TSS) subsidiary. Additional information about TSYS Acquiring Solutions can be found at www.tsysacquiring.com.
About Moneris Solutions
Moneris Solutions, Inc. (www.monerisusa.com) has a 30-year history as one of North America's largest electronic-transaction processors, delivering advanced-payment card- processing capabilities through point-of-sale hardware, payment-processing software, e-commerce solutions and a gift and loyalty program. Moneris provides transaction-processing services nationwide through numerous agent banks and serves the small- to medium-sized business market through direct sales and strategic partnerships. A joint investment of the Royal Bank of Canada and the Bank of Montreal, which have assets in excess of $700 billion, Moneris Solutions serves more than 350,000 North American merchant locations and has a staff of over 1,100 employees. Moneris' U.S. headquarters are located in Buffalo Grove, IL, outside Chicago.
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|Date:||Feb 13, 2007|
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