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TSYS Signs Long-Term Payments Deal with Priority Payment Systems

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TSYS (NYSE: TSS) today announced the signing of an agreement with Priority Payment Systems, LLC, to provide full-service payment processing services. Based in Alpharetta, Ga., Priority Payment Systems is one of the fastest-growing Independent Sales Organizations (ISOs) in the country and has established itself as a leading innovator in the electronic payments industry.

“TSYS is delighted to be entering into a partnership with Priority Payment Systems,” said Mark Pyke, president of TSYS' Merchant Services segment. “Priority has a proven track record of success, and TSYS is anxious to support the continuation of their growth.”

“Priority Payment Systems is pleased to engage with one of the leading processors in the payments industry, which will ultimately allow us to expand our processing capabilities by leveraging TSYS' products and platforms,” said John Priore, president and chief executive officer, Priority Payment Systems. “TSYS' people, their dedication to their clients and their well-known business integrity will further enable Priority to provide leading-edge service and technology.”

Terms of the agreement were not disclosed.

Posted-In: News Contracts


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