COLUMBUS, Ga.–(BUSINESS WIRE)–TSYS
Merchant Solutions announced today a new partnership with Navy
Federal Credit Union designed to provide Navy Federal’s merchant
members with the ability to accept credit and debit cards as payments
for their goods and services. TSYS Merchant Solutions, a wholly owned
affiliate of TSYS
(NYSE: TSS), is ranked as the seventh largest merchant acquirer in
the U.S. by number of active merchant outlets according to The Nilson
Report.
“TSYS has been a valued partner of Navy Federal for more than a decade,
and we look forward to expanding our partnership with them by offering
their merchant solutions to our business members,” said Jim Salmon, vice
president of Business Services at Navy Federal. “Navy Federal’s members
expect a high level of service and value, both of which I believe TSYS
can consistently provide with their suite of merchant solutions.”
Navy Federal members will now have access to world-class payment
acceptance and marketing solutions, including competitive comparison
dashboards, mobile, tablet, e-commerce and retail point-of- sale
solutions, along with 24/7 customer and technical support.
“We are excited that Navy Federal has chosen to expand its relationship
with TSYS to include partnering in the merchant business,” said Mark
Pyke, president of TSYS’ Merchant Services segment. “Their partnership
with us, both for issuing and merchant processing services, is a great
example that shows TSYS products and services are not just for banks and
retailers — we have a lot to offer credit unions as well.”
TSYS also provides core processing services for Navy Federal’s Visa®
and MasterCard® credit card products. These services include
statement processing, card embossing, accounting and settlement, fraud
prevention, member service and collection operating systems,
correspondence, and risk mitigation. TSYS also provides loyalty services
to include tailored marketing in support of Navy Federal’s nRewards®,
goRewards® and Flagship credit card programs.
About Navy Federal Credit Union
Navy Federal Credit Union is the world’s largest credit union with over
$56 billion in assets, over 4.5 million members, 245 branches and a
workforce of over 11,000 employees worldwide. The credit union serves
all Department of Defense and Coast Guard Active Duty, civilian and
contractor personnel and their families. For additional information
about Navy Federal, visit www.navyfederal.org .
About TSYS
At TSYS®, (NYSE: TSS), we believe payments should revolve
around people — not the other way around. We call this belief
“People-Centered Payments®.” By putting people at the
center of every decision we make, TSYS supports financial institutions,
businesses and governments in more than 80 countries. Through NetSpend®,
a TSYS Company, we empower consumers with the convenience, security, and
freedom to be self-banked. TSYS offers issuer services and merchant
payment acceptance for credit, debit, prepaid, healthcare and business
solutions.
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
member of the Civic 50 and has been named one of the 2013 World’s Most
Ethical Companies by Ethisphere magazine. TSYS routinely posts all
important information on its website. For more, please visit us at www.tsys.com .
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