TSYS completes acquisition of Vital Processing Services
TSYS has completed its acquisition of Vital Processing Services, LLC, by purchasing the 50-percent equity stake that Visa U.S.A. formerly held.
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The transaction closed on March 1, and Vital Processing Services now operates as a wholly owned subsidiary of TSYS. Vital Processing Services is the second-largest processor of merchant accounts in the United States, serving more than 1 million merchant locations.