As part of the agreement, TSYS will provide authorizations and other payment services for Clearent’s merchants using TSYS’ platforms. TSYS offers merchant payment-acceptance services as well as credit, debit, prepaid, mobile, chip, healthcare, instalments and money transfer services. Clearent is a payment processor which enables financial institutions, ISOs and merchants to maximize the value of their merchant services program.
In recent news, TSYS has acquired TermNet Merchant Services, a US-based merchant active in the electronic credit card processing industry. As a result, the company is expected to be re-branded as TSYS and fully integrated into TSYS Merchant Solutions, another recent TSYS acquisition based in Nebraska, US.
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