TSYS Acquiring Solutions Plans Consolidated Discover Network Servicing
Acquiring Clients will be able to Offer Merchants the Convenience of Consolidated Servicing, Statementing and Settlement
Tempe, AZ, September 26, 2006
TSYS Acquiring SolutionsSM, formerly Vital Processing Services, the preeminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry, and Discover Financial Services LLC, a business unit of Morgan Stanley (NYSE:MS), today announced plans to integrate Discover Network card acceptance into it’s offering for merchant acquirers and independent sales organizations (ISOs).
It is the objective of TSYS Acquiring Solutions to offer its clients the ability to include the Discover brand, along with the other major payment brands and products supported by the TSYS Acquiring product suite. Full support for Discover branded products will be available on the TSYS Acquiring platforms, including integrated merchant billing and reporting, comprehensive merchant statementing and servicing, consolidated settlement processing, and exception and chargeback management.
“We are pleased to partner with Discover as a fully integrated acceptance brand,” said Rod Boyer, senior vice president, product and marketing for TSYS Acquiring Solutions. “The agreement will give our acquiring clients and their merchants the added convenience of receiving consolidated service, products, and reporting solutions, from us as a single-source provider.”
“The combined expertise, trust, and value both companies bring to this agreement will provide acquirers, ISOs, and merchants with an exceptional processing package,” said Harit Talwar, executive vice president, Discover Financial Services. “The strong relationships TSYS Acquiring Solutions has with acquirers enables Discover to further broaden Discover Network card acceptance among merchants while meeting their need for an all-in-one payments processing solution.”
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