GA-based acquirer TSYS reported a solid first quarter (1Q/16) as total revenues hit $739 million, a jump of 11.7% year-on-year (YOY). Net income increased 16.6% YOY from $77.8 million in 1Q/15 to $90.6 million in 1Q/16. NetSpend continues to be a driving factor, up 19.3% YOY. Revenues for the North America Services segment increased 14.1%…
TSYS inks a $2.35 billion all-cash deal to acquire TransFirst. TransFirst provides merchant solutions to more than 235,000 SMEs in the U.S. TSYS entered into a definitive agreement with Vista Equity Partners to acquire TransFirst, a Vista portfolio company and leading U.S. merchant solutions provider, in an all-cash transaction valued at approximately $2.35 billion. TransFirst…
CardFlash.com Breaking News: INTERNAP (PCI); CALE (exec); TRANSFIRST (Bank Mutual); and INCOMM (Switch). INTERNAP – Internap announced the company’s managed hosting and colocation services meet the compliance requirements for PCI DSS v.3.1, the latest security standard from the PCI Council. As one of the first infrastructure providers to meet PCI’s updated standard, Internap is offering…
Merchant acquirer and payments technology and services provider for SMBs, TransFirst, owned by buyout firm Vista Equity Partners, has filed for an IPO. Shares to be listed on the Nasdaq under the symbol “TF” with an IPO size of $100 million.
TransFirst has inked a strategic sales partnership with PatientPay, an online practice management and payment technology for healthcare practices.
TransFirst and TRIARQ Health, a performance management services and clinically-integrated care coordination provider for independent medical practices have teamed.
Global Payments (GPN) is rolling out the OptBlue program for American Express Card acceptance in Canada this week. OptBlue offers small business merchants a single source for payment processing, pricing, underwriting, risk management, settlement, reporting, support and a consolidated statement.
CardWeb.com’s CardData database of Company Profiles today features TransFirst.
In today’s CardFlash News Que: PAYZER (funding); JCB (Nepal); DH (acquisition); and TRANSFIRST (AMS).
TSYS joins the growing list of acquirers to offer enablement of full service payment processing under American Express OptBlue, the small merchant acquiring program from American Express.
In today’s CardFlash News Que: ETA (Transact); Powa (Nobly POS); CHARGEBACKS911 (Fraud); and VERIFONE (TransFirst).
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Kathy Tuite, Senior Vice President of marketing for TransFirst.