As part of this agreement, the portfolio acquisition includes merchant accounts which will now provide access to TSYS Merchant Solutions’ products and services and the company’s sales distribution channel. Vanguard Payment Systems delivers payment acceptance services to businesses, including fine dining restaurants and high-end medical and dental vertical markets.
TSYS Merchant Solutions provides customizable payment services that allow customers to use credit, debit and prepaid cards at the cash register or online. TSYS Merchant Solutions was formed after TSYS took complete ownership of the First National Merchant Solutions from the US-based financial services provider First National Bank of Omaha. The company offers transaction processing, merchant support and underwriting, business and value-added services, as well as Visa- and MasterCard-branded prepaid cards for businesses.
In recent news, TSYS has signed a licensing agreement with Imperial Bank for PRIME 4, a new version of cards and merchant management services.
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