COLUMBUS, Ga.–()–TSYS (NYSE: TSS) announced today that it has completed its acquisition
of ProPay. ProPay is now a wholly owned TSYS subsidiary reporting to
Mark Pyke, president of TSYS’ Merchant Services segment.
ProPay previously operated as a privately-held company, and offers
simple, secure and affordable payment solutions for organizations
ranging from small, home-based entrepreneurs to multi-billion dollar
enterprises. For more information, visit www.propay.com.
Financial Technology Partners LP and FTP Securities LLC (together “FT
Partners”) acted as exclusive financial and strategic advisors to ProPay
and its Board of Directors in this transaction.
About ProPay
Since 1997, ProPay has provided simple, secure, and affordable payment
solutions for organizations ranging from the small, home-based
entrepreneur to multi-billion-dollar enterprises. ProPay is a leading
provider of complete End-to-End Payment Security solutions designed to
significantly reduce the client organization’s risk of having sensitive
payment data compromised. ProPay is the recipient of the prestigious
2010 ETA ISO of the Year award. ProPay is a privately held company,
headquartered in Lehi, Utah. For information, visit www.propay.com.
About TSYS
At TSYS, (NYSE: TSS), we believe payments should revolve around people —
not the other way around. We call this belief “People-Centered PaymentsSM.”
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.
Article source: http://www.businesswire.com/news/home/20121226005149/en/TSYS-Completes-Acquisition-ProPay