Thursday, October 2, 2014

TSYS Merchant Solutions Announces Partnership with Navy Federal | Business Wire

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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