Veracity, headquartered in Atlanta, is a new member service provider with decades of domestic and international industry experience at the executive level. Veracity will offer complete electronic payment processing services as well as card acceptance consultancy to businesses nationwide.

"The formation of a partnership between TSYS Acquiring Solutions and Veracity was a natural fit," said Joseph Cohane, chief executive officer at Veracity. "Both companies are steadfast in the pursuit of processing integrity and service excellence. The TSYS platform will allow Veracity to grow aggressively and provides our technology team the opportunity to focus on value-rich vertical market solutions. We look forward to engaging with the talented team at TSYS."

"We wanted to build a relationship with a solid and secure technology partner to level the competitive field for us as a start-up. TSYS brings the agility and maturity we were looking for in this constantly evolving electronic payments industry," adds Grant Putre, chief information officer at Veracity. "Our customers are our number one priority. TSYS will enable us to stay focused on that priority."

"Our comprehensive offering and partnership approach make working with TSYS Acquiring Solutions ideal," said Robert J. Philbin, president of TSYS Acquiring Solutions. "We are pleased to provide products and services to Veracity Payment Solutions as a trusted partner and look forward to contributing to their rapid growth."