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Table of Contents

Lead Story

A call to Washington

News

Industry Update

ETA goal remains growing ISOs

TSYS, Central Payment form joint venture

Durbin urges merchants to reject proposed settlement

Mobile payments in the spotlight

ThreatMetrix warns of new malware

Features

GS Advisory Board:
New times, new strategies: What are you doing? - Part 3

Hope begins with one

Selling Prepaid

Prepaid in brief

Good and bad in Green Dot reforecast

Bankers oppose CFPB remittance rule

Views

What's still in your wallet?

Patti Murphy
ProScribes Inc.

Education

Street SmartsSM:
Stocking your MLS toolbox

Jeff Fortney
Clearent LLC

The long tail of the Durbin Amendment

Marc Abbey, Chris Sanson and Casey Merolla
First Annapolis Consulting

Micro attacks: Fraud of the future

Nicholas Cucci
Network Merchants Inc.

Countdown toTIN deadline: Are you ready?

Jacob Young
SecurityMetrics

Pay-at-the-table systems pay for themselves

Rick Berry
ABC Mobile Pay Inc.

Company Profile

Royal Merchant Holdings LLC

New Products

An elegant POS terminal

PAR EverServ 7000
ParTech Inc.

Safe checkout for online merchants

LeapLock Secure Checkout
PayLeap

Inspiration

Pause before you post

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

August 27, 2012  •  Issue 12:08:02

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TSYS, Central Payment form joint venture

In a joint venture revealed Aug. 9, 2012, global ISO and processor Total System Services Inc. (TSYS) acquired 60 percent of U.S. ISO and processor Central Payment Co. LLC. TSYS, a publicly traded company, said through its spokesman Cyle Mims, it is "unable to disclose the terms of the agreement."

Central Payment focuses on restaurant, personal services and retail market segments. It serves more than 40,000 merchants and processes more than $3.5 billion in credit card sales annually. TSYS is an international company valued at approximately $3 billion; its broad platform supports financial institutions, businesses and governments in 80 countries.

TSYS, Central Payment both benefit

TSYS Merchant Services President Mark Pyke said the addition of Central Payment with its 700 agents enhances his company's distribution model. "This move is another example of our focus on growing our merchant acquiring business and expanding beyond processing," Pyke said. "Central payment plans to aggressively pursue experienced sales agents as an affiliate of TSYS."

Pyke said TSYS' reputation and scalable technology platform model will help Central Payment expand its independent sales agent model. "TSYS has made public statements about having an aggressive appetite for additional merchant acquiring investments to help grow our merchant presence and achieve our goal to become a top 10 global acquirer," he noted. "This joint venture further reinforces our commitment to diversification of our revenue concentration within TSYS."

Individual brands remain distinct

Pyke said the two companies worked together for some time before the joint venture. The agreement allows Central Payment to continue to work independently as a sales agent-based merchant acquirer. TSYS will continue as Central Payment's payment processor.

"Central Payment has a strong brand reputation and solid sales distribution model which will not be disrupted as a result of the joint venture," Pyke said. "The JV will be governed by a board of directors with representatives from both companies."

Central Payment Co-Managing Director Matthew Hyman said Central Payment plans to take full advantage of the systems, support and management team TSYS has in place today and that the joint venture positions both companies for significant growth. "Our partnership expands TSYS' merchant perspective, and our company culture aligns with their focus on people-centered payments," he said.

For additional news stories, please visit www.greensheet.com and click on "Read the Entire Story" in the center column below the latest news story excerpt. This will take you to the full text of that story, followed by all other news stories posted online.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services