Tsys Acquiring Solutions today announced a significant move into the Canadian merchant processing market as part of an agreement with Caledon Card Services, a payments technology provider specializing in e-commerce, tokenization and card-not-present (CNP) environments.
Caledon's full-service processing agreement will leverage TSYS' platforms with an end-to-end solution for its merchants and partners.
"TSYS continues to establish a strong presence in this growing North American market, and the agreement with Caledon represents yet another step into the Canadian processing space," said Mark Pyke, president of TSYS Acquiring Solutions. "We couldn't be more excited about supporting Caledon's processing solutions, and are pleased to be a part of this fast-growing company's future development."
"When looking for a partner for our settlement and gateway services, we knew we needed a company with technological depth to support our clients' various needs," said Ian Rankin, chairman of Caledon Card Services. "TSYS easily satisfied these objectives, and we're confident that we'll enjoy a long and beneficial relationship."
TSYS will facilitate authorization, capture, settlement and related payment services for Caledon's merchants using TSYS' established interchange system. Caledon will also send its dispute processing functions through TSYS' industry-leading dispute and chargeback platforms.