Moneris Solutions renews merchant processing deal with TSYS

Source: TSYS Acquiring Solutions

TSYS Acquiring Solutions, the pre-eminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry, announced today that it has renewed its merchant-processing service agreement with Moneris Solutions covering its U.S. portfolio.

Moneris Solutions is one of North America's leading payment processors, processing more than 2.3 billion credit- and debit-card transactions a year for more than 350,000 merchant locations across North America. The agreement continues a long-standing relationship between the two companies, with TSYS Acquiring Solutions remaining as Moneris' preferred third-party provider of transaction-processing and related support services in the United States.

"TSYS Acquiring Solutions has been, and will continue to be, a great partner in helping us deliver superior solutions to our merchant partners," says Greg C. Cohen, U.S. president of Moneris Solutions.

"We are thrilled to continue to serve Moneris as its processing partner and look forward to developing an even deeper and mutually beneficial relationship," says Robert J. Philbin, president of TSYS Acquiring Solutions.

The multiyear agreement was effective, Nov. 1, 2006. Financial terms of the agreement were not disclosed.

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