Tsys inks Bancorp Bank merchant processing deal

Source: TSYS Acquiring Solutions

TSYS Acquiring Solutions, the pre-eminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry, today announced, at the opening of the Electronic Transactions Association (ETA) Annual Meeting and Expo, a multi-year agreement to provide merchant processing services for The Bancorp Bank.

The Bancorp Bank is an FDIC-insured commercial bank that delivers a full array of financial services and products both directly and through private-label affinity partner programs nationwide. The Bancorp Bank's regional community bank division serves the needs of small and mid-size businesses and their principals in the Philadelphia-Wilmington region. Its payments division works with entrepreneurial firms and industry innovators to capitalize on opportunities in the electronic payment processing marketplace.

"We are pleased that The Bancorp Bank has chosen to partner with TSYS Acquiring Solutions," says Bob Philbin, president of TSYS Acquiring Solutions. "Bancorp has a strong reputation and we look forward to helping them grow their merchant acquiring business."

"TSYS Acquiring Solutions provides us with a broad set of technical solutions, systems reliability and service excellence. TSYS and its people fit the entrepreneurial mold of the partners whom we seek in the payments business. We look forward to working with TSYS closely," says Frank Mastrangelo, president of The Bancorp Bank.

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