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TheStreet Open House

TSYS’ Central Payment Joint Venture Named To Inc. 5000 List

Stocks in this article: TSS

TSYS (NYSE: TSS) announced today that the partner in its joint venture, Central Payment Co., has been named one of the fastest growing private companies in the United States by Inc. magazine for the third consecutive year. Inc. ranked Central Payment as number 1,562 in its annual list of the 5,000 fastest-growing private companies in the U.S. This ranking places Central Payment in the top third of all companies ranked and positions it as the 89 th-fastest growing company within the financial services industry.

“We are thrilled to make the Inc. 5000 list for the third year in a row, and we give the credit for this great accomplishment to our dedicated sales agents and support staff,” said Zachary Hyman, co-managing director of Central Payment. “This achievement is also a reflection of our continued commitment to grow and expand our Independent Sales Agent (ISA) distribution channel by providing superior service to both agents and merchants.”

On August 9, 2012, TSYS announced the formation of a joint venture with Central Payment Co., LLC, which does business under its current name. TSYS owns 60 percent of the joint venture, which operates as a TSYS affiliate.

Central Payment is a direct merchant acquirer based in San Rafael, Calif., that services small- to medium-sized merchants through an ISA model. Founded in 2005, Central Payment focuses on merchants in the restaurant, personal services and retail sectors and uses TSYS technology for payment processing.

About TSYS

At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief "People-Centered Payments." By putting people at the center of every decision we make, with unmatched customer service and industry insight, TSYS is able to support financial institutions, businesses and governments in more than 80 countries. Offering merchant payment-acceptance solutions as well as services in credit, debit, prepaid, mobile, chip, healthcare and more, we make it possible for those in the global marketplace to conduct safe and secure electronic transactions with trust and convenience.

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