Under terms of the agreement, TSYS is to acquire 51 percent ownership of FNMS for nearly USD 150.5 million, while FNBO will control the remaining 49 percent. The transaction is expected to close 1 April 2010. FNMS offers transaction processing, merchant support and underwriting, business and value-added services, as well as Visa- and MasterCard-branded prepaid cards for businesses.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now