16 January 2017
visit http://www.wolterskluwerfs.com

Tsys ups stake in CPay to 75%

21 February 2014  |  1591 views  |  0 Source: Tsys

Tsys (TSS) announced today that it has increased its stake in its Central Payment Joint Venture (CPay) from 60 percent to 75 percent.

Central Payment founders Matt and Zach Hyman have committed to lead the company as Co-Managing Directors for an additional three years.

"Under the leadership of Matt and Zach, the value of Central Payment has more than doubled to $250 million in the 18 months we have owned it," said Mark Pyke, president of TSYS' Merchant Services segment. "We are excited about their continued leadership of the company and the future growth and success of the joint venture. Our increased investment and extension of our relationship with the Hyman's are testament to how well this partnership is working."

"Our success at CPay is largely because of the outstanding group of sales agents that we deploy across the country," said Zach Hyman. "We are able to leverage TSYS' single platform strategy to present a compelling value proposition to help attract some of the best talent in the industry." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit wavestone.co.uk

Top topics

Most viewed Most shared
Five fintech surprises for 2017Five fintech surprises for 2017
13888 views comments | 50 tweets | 45 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
9688 views comments | 31 tweets | 26 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
8124 views comments | 29 tweets | 42 linkedin
Belgium builds fintech bridge to LondonBelgium builds fintech bridge to London
6880 views comments | 25 tweets | 6 linkedin
ECB consults on development of pan-EU settlement service for instant paymentsECB consults on development of pan-EU sett...
6826 views comments | 16 tweets | 39 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job