TSYS (NYSE: TSS) today announced the signing of a long-term payments agreement with MLS Direct Network of Birmingham, Ala. Through its Merchant Services segment, TSYS will provide full-service payment processing services, in addition to chargeback processing, technical support, and risk management services.
“We are pleased to join MLS Direct Network as their payment processing service provider,” said Mark Pyke, president of TSYS’ Merchant Services segment. “This new relationship extends our reach to provide service and support to an organization that offers its cooperative buying network members benefits they might not have access to on their own.”
“We are excited about our new relationship with TSYS,” said Andy Pitts, president of MLS Direct Network. “Our decision to partner with TSYS was based on its breadth of services and support, plus its commitment to customers’ success, which aligns with the growth of our business.”
Terms of the agreement were not disclosed.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 SM." 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. TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, is a Fortune 1000 company and was named one of the 2012 World's Most Ethical Companies by Ethisphere magazine. For more information, please visit us at www.tsys.com. About MLS Direct Network MLS Direct Network, Inc., headquartered in Birmingham, Ala., acquires merchants throughout the U.S. for credit and debit card processing utilizing offices located throughout the U.S., including Hawaii. In 2012, MLS Direct processed $3.6 billion in credit card processing through its provider networks. For more information, go to www.mlsdirectnetwork.com.