Source: TSYS Acquiring Solutions
Vital Processing Services (Vital), a leading provider of solutions and services to the acquiring industry, announced today at the opening of the Electronic Transactions Association (ETA) Annual Meeting and Expo the re-branding of the company as TSYS Acquiring Solutions.
Last year TSYS purchased the remaining 50 percent equity stake that Visa U.S.A. held in Vital Processing Services, and Vital became a wholly owned TSYS subsidiary.
"For the past ten years, Vital has been recognized by the clients we serve and partner with as the industry's preeminent provider of acquiring solutions, related systems and integrated support services. Over the past year, we have worked diligently to ensure that our legacy of strong customer support remained intact as we integrated with TSYS as a wholly owned company," says Bev Wells, president and chief executive officer of TSYS Acquiring Solutions.
"Our new name leverages and builds on a strong and respected TSYS brand-both domestically and internationally-and allows us to accelerate innovation, create more strategic value and further develop opportunities for our client partners; for our employees; for our stakeholders; and now, as part of a publicly traded company, our shareholders," continued Wells.
"We are delighted with the new TSYS Acquiring Solutions name," says Troy Woods, president of TSYS. "TSYS Acquiring Solutions positions us closer to the point of sale, enabling us to offer more fully integrated, global and end-to-end payment solutions to the marketplace."
At the ETA Expo, the new TSYS Acquiring Solutions will showcase a number of new offerings for contactless, dynamic currency conversion, gift card, and petroleum and convenience store payments. The company will also exhibit enhanced merchant statement and Internet-based reporting capabilities for acquirer research and portfolio management.