TSYS Signs Agreement with Cynergy Data

 

COLUMBUS, Ga., Sep 28, 2010 (AllPayNews) -- TSYS Acquiring Solutions today announced that it has signed a contract to expand its services with Cynergy Data to serve as the preferred provider of authorization, settlement and dispute resolution services for the New York-based company. As a market leader in the payments industry since 1995 with more than 120,000 merchants, processing in excess of $13 billion annually, Cynergy will leverage TSYS' proven solutions to continue to capture additional market share through its recent and future acquisitions.

"We are excited to partner with a leader in ISO servicing. Our combined strengths provide an 'all in one' servicing solution for ISOs of all sizes and needs," said Mark Pyke, president of TSYS Acquiring Solutions. "This relationship serves as an example of our commitment to building quality relationships with our customers based upon their unique needs."

"We look forward to expanding our relationship with TSYS," said Randy McCoy, chief executive officer of Cynergy Data. "With its reputation for stellar service and proven track record of success, TSYS continues to demonstrate why it's an industry leader and trusted growth partner."

About Cynergy Data

Cynergy Data is a premier provider of secure payment processing solutions, including payments, back office support and bank partnership programs. By combining a comprehensive array of bundled services, Cynergy Data delivers robust programs that enable the success of its partner banks and independent sales organizations nationwide -- all while eliminating significant back office costs. For more information about Cynergy Data, please call 800-933-0064, ext. 5140, or e-mail sales@cynergydata.com or visitwww.cynergydata.com today. Cynergy Data is a wholly owned subsidiary of The Comvest Group.

About TSYS

TSYS (TSS 15.26, +0.04, +0.29%) is one of the world's largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information contact news@tsys.com or log on towww.tsys.com. TSYS routinely posts all important information on its Web site.

SOURCE: TSYS and Cynergy Data

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
or
Cynergy EVP Marketing
Kevin Smith, +1-678-867-6000
KSmith@cynergydata.com