COLUMBUS, Ga., Oct. 8, 2013 — 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.
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.
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, and has been named one of the 2013 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website, for more please visit us at www.tsys.com.
About Mainstream Merchant Services, Inc.
MainStream Merchant Services, Inc., is a leading provider of merchant payment processing solutions. With processing volume exceeding $1 billion annually in credit card transactions, our customers represent a diverse array of organizations in the restaurant, retail, lodging, petroleum and other industries, all with unique credit card processing needs. Our mission is simple: to provide our customers with the best merchant payment processing products and services available to grow their revenue and meet their business goals, at the most competitive rates.
MainStream provides a wide array of debit and credit card processing solutions, offering the best in custom gift card programs, POS terminals and credit card terminals, Web and PC credit card processing solutions, and check conversion and guarantee services. All of MainStream’s products and services come with sophisticated online reporting, the latest in data security and top-notch, 24/7 customer support. For more information, please visit www.mainstreamms.com.