TSYS (NYSE: TSS) announced today the signing of a contract extension with MainStream Merchant Services, Inc., of Alpharetta, Ga., to continue providing a full range of services to include authorization/capture and clearing/settlement, as well as bank identification number (BIN) sponsorship. MainStream Merchant Services has become a leader in payment processing, with more than $1 billion annually in credit card transactions.
“We are pleased to be selected by MainStream Merchant Services as their full-service payment processor,” said Tim Munto, group executive of Sales and Client Relations for TSYS Acquiring Solutions. “This expanded agreement confirms our common goal of providing our clients with advanced payment processing products and services, along with unsurpassed service and support.”
“MainStream is excited to extend and build upon our strong partnership with TSYS,” said J. Vignale, president of MainStream Merchant Services, Inc. “TSYS’ state-of-the-art processing platform has provided a secure foundation for MainStream to seamlessly integrate our own proprietary systems directly to TSYS, which MainStream uses to control all aspects of merchant processing and portfolio management. This enables us to enhance our customers’ and sales representatives’ overall experience. The integration is further improved by MainStream’s ability to now offer qualified merchants next-day funding and American Express ® OnePoint ®, while continuing to provide access to the industry’s best merchant online reporting.”
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℠." By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend, a TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV