Tsys (NYSE: TSS) announced today that it has signed an agreement with Pivotal Payments to serve as the preferred provider of authorization, settlement and dispute resolution services for the North America-based company.
With more than 60,000 merchants and processing in excess of $10 billion in credit card payments annually, Pivotal Payments will leverage TSYS' proven payment solutions to enable the capture of additional market share.
"We are extremely excited to be Pivotal Payment's preferred partner," said Mark Pyke, president of TSYS Merchant Services. "Pivotal Payments has created one of the fastest growing and most successful organizations in the payments industry, and TSYS is set to be a catalyst to aid in its continued growth."
"We are pleased and confident with our selection of TSYS as a preferred partner," said Philip Fayer, president and chief executive officer, Pivotal Payments. "After a very thorough selection process, TSYS clearly rose to the top. Its reputation for unparalleled service, commitment to the TSYS 'Customer Covenant', and ability to execute were all key factors in our selection."