TSYS Acquiring Solutions Signs Agreement with NPC
Tempe, AZ, Jan. 18, 2007 — TSYS Acquiring SolutionsSM, formerly Vital Processing Services, the pre-eminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry, has reached an agreement to provide transaction processing services for National Processing Company (NPC), formerly Iron Triangle Payment Systems.
The multi-year agreement was effective in the third quarter of 2006. Financial terms of the agreement were not disclosed.
NPC, with its affiliate companies, is now the sixth-largest merchant acquirer in the United States, providing processing services for more than 275,000 merchant locations and hundreds of independent sales organizations (ISOs). NPC provides a wide range of business transaction processing, from point-of-sale credit-card processing to e-commerce solutions. Annually, NPC processes more than $25 billion in purchase volume.
“NPC has experienced tremendous growth over the past several years with many high-profile acquisitions. In September 2006, they completed the acquisition of a merchant portfolio from BA Merchant Services, the merchant-processing business of Bank of America N.A., which brought a significant number of new merchants and volume to their portfolio,” said Charles M. Hegarty, senior vice president of sales and client relations for TSYS Acquiring Solutions. “We are delighted to serve as one of NPC’s premier partners in delivering secure and reliable solutions to their merchant and ISO clients.”
“We are excited to be working more broadly with TSYS Acquiring Solutions because, like NPC, they are dedicated and focused on customer service and systems reliability and can support our rapid growth,” says Mark D. Schatz, executive vice president of National Processing Company.
About TSYS Acquiring Solutions
TSYS Acquiring Solutions is the pre-eminent 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 National Processing Company
NPC is the largest provider of payment processing services exclusively focused on small and medium sized merchants in the United States, and the leading merchant acquirer focused on the ISO segment. NPC provides its distribution partners and merchants unparalleled focus and support through industry-leading talent and technologies.
Contacts
Peggy Bekavac Olson
TSYS Acquiring Solutions
Vice President, Marketing
+1.480.333.7462
peggy.olson@tsysacquiring.com
Rebecca E. Brown
TSYS Acquiring Solutions
Corporate Communications Mgr
+1.480.333.7412
rebecca.brown@tsysacquiring.com
Eric S. Bruner
TSYS
Media Relations
+1.706.644.8457
ebruner@tsys.com