Vital Processing Services Adopts New Name
Las Vegas and Tempe, AZ, April 17, 2006 - Re-brand as TSYS Acquiring Solutions and Launches New Offerings at ETA - Vital Processing Services®(Vital®), 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 Acquiring SolutionsSM.
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. 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, 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, 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® (NYSE: TSS) 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, Europe and the Asia Pacific. Based in Columbus, Ga., TSYS is 80-percent held by Synovus Financial Corp. (NYSE: SNV), 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.
Contacts
Cyle Mims
Media Relations
+1.706.644.3110
cylemims@tsys.com