TSYS Acquiring Solutions to Provide Merchant Processing Services
to Veracity Payment Solutions

TEMPE, Ariz.--(BUSINESS WIRE)--TSYS Acquiring Solutions^SM today announced a multi-year agreement to provide merchant processing services to Veracity Payment Solutions.

“We wanted to build a relationship with a solid and secure technology partner to level the competitive field for us as a start-up. TSYS brings the agility and maturity we were looking for in this constantly evolving electronic payments industry”

Veracity, headquartered in Atlanta, is a new member service provider with decades of domestic and international industry experience at the executive level. Veracity will offer complete electronic payment processing services as well as card acceptance consultancy to businesses nationwide.

"The formation of a partnership between TSYS Acquiring Solutions and Veracity was a natural fit,” said Joseph Cohane, chief executive officer at Veracity. “Both companies are steadfast in the pursuit of processing integrity and service excellence. The TSYS platform will allow Veracity to grow aggressively and provides our technology team the opportunity to focus on value-rich vertical market solutions. We look forward to engaging with the talented team at TSYS.”

"We wanted to build a relationship with a solid and secure technology partner to level the competitive field for us as a start-up. TSYS brings the agility and maturity we were looking for in this constantly evolving electronic payments industry,” adds Grant Putre, chief information officer at Veracity. "Our customers are our number one priority. TSYS will enable us to stay focused on that priority."

“Our comprehensive offering and partnership approach make working with TSYS Acquiring Solutions ideal,” said Robert J. Philbin, president of TSYS Acquiring Solutions. “We are pleased to provide products and services to Veracity Payment Solutions as a trusted partner and look forward to contributing to their rapid growth.”

Terms of the agreement were not disclosed.

About TSYS Acquiring Solutions

TSYS Acquiring Solutions is the preeminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers. TSYS Acquiring Solutions delivers comprehensive solutions and support that securely and reliably process billions of credit and debit transactions every year. From authorization and capture services to the clearing and settling of merchant transactions, critical customer support functions and information management services, TSYS Acquiring Solutions helps acquirers effectively manage and grow their merchant portfolios. TSYS Acquiring Solutions is a wholly owned TSYS^® (NYSE: TSS) subsidiary. Additional information about TSYS Acquiring Solutions can be found at www.tsysacquiring.com.

About Veracity Payment Solutions

Veracity Payment Solutions is committed to the delivery of exceptional payment processing and information services. Veracity serves the merchant community, trade associations, community banks, and merchant level sales agents by offering full service point-of-sale solutions, web-based reporting, and management tools. Veracity is headquartered in Atlanta, Georgia, with its operations facility in Aiken, South Carolina. Veracity’s key focus is to support its customers and ensure price transparency and clarity in every aspect of the merchant services programs provided. Visit www.veracitypayments.com for more information.