Vital Processing Services Renews Agreement with Bank of America
Tempe, AZ, October 6, 2005 - Vital Processing Services® (Vital®), a leader in merchant and acquirer transaction processing solutions, announced today that it has renewed its merchant processing service agreement with Bank of America N.A.
Bank of America merchant services (BA Merchant Services) is the second largest bankcard merchant acquirer in the United States. The agreement continues the longterm relationship between the two companies, with Vital providing full service transaction processing and related support services. Terms of the agreement were not disclosed.
"Vital is excited to continue supporting BA Merchant Services. Delivering a broad set of solutions and ensuring a secure, compliant and technology rich operating environment is a responsibility we take very seriously," says Bev Wells, Vital’s president. "We are committed to helping BA Merchant Services achieve even stronger growth and success."
Vital's parent company, TSYS, also provides issuer processing services for Bank of America's consumer and commercial credit card accounts.
About Vital Processing Services
Vital Processing Services (Vital) is a leader in technology-based, commerce-enabling services. Vital delivers comprehensive, end-to-end payment solutions to acquirers and their merchants to reliably process millions of credit, debit and other transactions every day. From authorizing and capturing electronic payments at the point of sale to clearing and settling merchant transactions, managing merchant terminals and providing information management services, Vital partners with acquirers to help them effectively manage and grow their merchant portfolios. Vital is a wholly owned TSYS subsidiary. Additional information about Vital can be found at www.vitalps.com.
Media Contacts
Cyle Mims
TSYS Media Relations
+1.706.644.3110
cylemims@tsys.com