27 March 2017
visit nextgenbanking.co.uk

Tsys ups stake in CPay to 75%

21 February 2014  |  1618 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 capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57394 views comments | 16 tweets | 36 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
9810 views comments | 43 tweets | 26 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8987 views comments | 23 tweets | 37 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
8712 views comments | 23 tweets | 30 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
7454 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job