Market Overview

TSYS Signs Extension with Payment Alliance International

COLUMBUS, Ga.--(BUSINESS WIRE)--

TSYS (NYSE: TSS) today announced the signing of an extension agreement with Payment Alliance International (PAI) to provide front-end payment processing solutions and support for back-end merchant accounts. Based in Louisville, Ky., PAI is a leading provider of payment processing solutions designed to maximize efficiencies and provide turnkey solutions that result in customer growth and success.

“PAI is a valued customer, and we are excited to be able to extend our agreement,” said Mark Pyke, president of TSYS' Merchant Services segment. “It has been a long and beneficial relationship for both companies, and we look forward to continuing the success we've had together.”

“TSYS has been a strong partner for PAI, and we're grateful to have a relationship with such an outstanding company,” said John J. Leehy, III, president and chief executive officer, PAI. “We appreciate TSYS' commitment to quality and have come to rely on their operational excellence.”

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 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.

About PAI

Payment Alliance International is a leading provider of payment processing solutions for businesses nationwide. As the nation's largest deployer of ATMs, PAI provides ATM processing and maintenance services, ATM equipment sales and support, and ATM branding programs. PAI also offers comprehensive payment and small business solutions including credit, debit and prepaid card acceptance services, remote deposit capture and check processing, ecommerce solutions, ATM/email/mobile marketing, and loyalty programs…all designed to maximize customer success and make business easy. Payment Alliance International is based in Louisville, Ky., with offices in West Palm Beach, Fla., Jackson, Miss., and Billings, Mont. For more information, please visit www.GoPAI.com.

TSYS Media Relations
Cyle Mims, +1.706.644.3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1.706.644.6081
shawnroberts@tsys.com

 

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