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 clients.”
“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
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.