TSYS Merchant Solutions announced today a new partnership with Navy Federal Credit Union designed to provide Navy Federal's merchant members with the ability to accept credit and debit cards as payments for their goods and services.
TSYS Merchant Solutions, a wholly owned affiliate of TSYS (TSS), is ranked as the seventh largest merchant acquirer in the U.S. by number of active merchant outlets according to The Nilson Report.
"TSYS has been a valued partner of Navy Federal for more than a decade, and we look forward to expanding our partnership with them by offering their merchant solutions to our business members," said Jim Salmon, vice president of Business Services at Navy Federal. "Navy Federal's members expect a high level of service and value, both of which I believe TSYS can consistently provide with their suite of merchant solutions."
Navy Federal members will now have access to world-class payment acceptance and marketing solutions, including competitive comparison dashboards, mobile, tablet, e-commerce and retail point-of- sale solutions, along with 24/7 customer and technical support.
"We are excited that Navy Federal has chosen to expand its relationship with TSYS to include partnering in the merchant business," said Mark Pyke, president of TSYS' Merchant Services segment. "Their partnership with us, both for issuing and merchant processing services, is a great example that shows TSYS products and services are not just for banks and retailers — we have a lot to offer credit unions as well."
TSYS also provides core processing services for Navy Federal's Visa® and MasterCard® credit card products. These services include statement processing, card embossing, accounting and settlement, fraud prevention, member service and collection operating systems, correspondence, and risk mitigation. TSYS also provides loyalty services to include tailored marketing in support of Navy Federal's nRewards®, goRewards® and Flagship credit card programs.