TSYS Signs Long-Term Payments Agreement with Merrick Bank
COLUMBUS, Ga. -- December 18, 2012
TSYS (NYSE: TSS) today announced the signing of a long-term agreement with
Merrick Bank, a subsidiary of CardWorks, Inc., to provide flexible solutions
for Merrick's independent sales organization (ISO) partners, including
point-of-sale (POS) solutions, authorization, settlement, reporting, managed
services and risk mitigation solutions.
“TSYS supports a wide variety of Merrick partners, including traditional ISOs,
technology companies and processors,” said Mark Pyke, president of TSYS’
Merchant Services segment. “Our relationship with Merrick provides our clients
sponsorship options with a respected financial institution. We are excited
about the opportunity to provide solutions that will support Merrick’s
“Merrick Bank has been a client of TSYS since 2005, and has enjoyed the TSYS
commitment to service, reliability and investment in new technologies,” said
Rick Urrutia, president of Merrick Bank. “TSYS’ single authorization platform
connects acquirers to solutions for virtually any market, and we look forward
to our trusted partnership as they help us support our diverse client base.”
Terms of the agreement were not disclosed.
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, with unmatched
customer service and industry insight, TSYS is able to support financial
institutions, businesses and governments in more than 80 countries. Offering
merchant payment-acceptance solutions as well as services in credit, debit,
prepaid, mobile, chip, healthcare and more, we make it possible for those in
the global marketplace to conduct safe and secure electronic transactions with
trust and convenience.
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 Fortune 1000 company and was
named one of the 2012 World's Most Ethical Companies by Ethisphere magazine.
For more information, please visit us at www.tsys.com.
About Merrick Bank
Merrick Bank, a subsidiary of CardWorks, Inc., is an FDIC insured Industrial
Bank founded in 1997 and based in South Jordan, Utah. Merrick is a top-25
issuer of VISA and MasterCard credit cards, and lends nationally to consumers
purchasing boats and recreational vehicles. Merrick is also a leading Acquirer
of VISA and MasterCard transactions.
About CardWorks, Inc.
CardWorks, Inc. is the parent company of Merrick Bank. CardWorks provides
financial institutions, retailers, non-traditional card issuers, ISOs and
merchants in the U.S. and Canada with a full range of world-class servicing
and support solutions. CardWorks provides services for banks, financial
guarantors, credit card issuers, independent sales organizations and merchants
that enable them to economically pursue their own goals and objectives while
meeting all service requirements.
TSYS Media Relations
Cyle Mims, +1-706-644-3110
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
CardWorks, Inc., Corporate Comms.
Marlene Greenberg, +1-516-576-0404 ext. 2278
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