merchant tactic

Imagine all the transactions that take place daily at a merchant location or on a merchant Web site—retail sales are at an all time high and are continuing to grow, especially with the explosion of Internet commerce. TSYS realized the potential to have a piece of every merchant transaction and joined forces with Visa U.S.A. in May of 1996 to form Vital Processing Services^®. Vital^® is emerging as the world’s recognized leader in technology-based commerce enabling services.

On behalf of acquirers (financial institutions that have merchant accounts—like issuers have consumer card accounts), Vital enables merchants to efficiently, reliably and securely facilitate payment transactions for Web-based merchants, brick-and-mortar merchants or click-and-mortar merchants. Vital expedites merchant payment transactions—from authorizing available funds and capturing all the data for reporting to settling the transaction at the end of the day.

Vital’s vision is to go beyond payment transactions—it is to enable commerce with a focus on the Internet. It is a new “e-economy”, and Vital is positioned to be the heart of merchant commerce.

With a new CEO and a significantly stronger leadership team with extensive experience in the merchant acquiring business, Vital has built a long-term growth plan designed to take Vital to the top in 2000 and beyond.