TSYS Signs Long-Term Payments Agreement with Priority Payment Systems, LLC
COLUMBUS, Ga., Jan. 24, 2013 — TSYS (NYSE: TSS) today announced the signing of an agreement with Priority Payment Systems, LLC, to provide full-service payment processing services. Based in Alpharetta, Ga., Priority Payment Systems is one of the fastest-growing Independent Sales Organizations (ISOs) in the country and has established itself as a leading innovator in the electronic payments industry.
“TSYS is delighted to be entering into a partnership with Priority Payment Systems,” said Mark Pyke, president of TSYS’ Merchant Services segment. “Priority has a proven track record of success, and TSYS is anxious to support the continuation of their growth.”
“Priority Payment Systems is pleased to engage with one of the leading processors in the payments industry, which will ultimately allow us to expand our processing capabilities by leveraging TSYS' products and platforms,” said John Priore, president and chief executive officer, Priority Payment Systems. “TSYS’ people, their dedication to their clients and their well-known business integrity will further enable Priority to provide leading-edge service and technology.”
Terms of the agreement were not disclosed.
At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered PaymentsSM." By putting people at the center of every decision we make, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.
TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, is a Fortune 1000 company and was named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com.
About Priority Payment Systems
Since its inception in 2005, Priority Payment Systems has established itself as a leading innovator in the electronic payments industry. Priority's payment technology is the clear choice for today's efficiency-driven merchants, as it integrates point-of-sale processing with inventory control, consumer loyalty tracking, currency conversion, invoicing and payment reconciliation. The combination of its "consumer inspired" products, first-class service and support and competitive pricing has made Priority the nationwide high-value partner for banks and financial institutions, ISOs, sales agent offices, associations and referral partnerships.
Priority's unique transaction platforms support both business-to-consumer and business-to-business transactions. The 2012 Nilson Rankings places Priority among the top 40 consumer transaction processors by volume and as one of the industry's fastest growing processors over the past five years.
For more information about Priority Payment Systems, please visit www.prioritypaymentsystems.com.
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