COLUMBUS, GA & TEMPE, AZ – TSYS has completed its acquisition of Vital Processing Services, LLC, by purchasing the 50-percent equity stake that Visa U.S.A. formerly held. The transaction closed on March 1, and Vital Processing Services now operates as a wholly owned subsidiary of TSYS. Vital Processing Services is the second-largest processor of merchant accounts in the United States, serving more than 1 million merchant locations.
About Vital Processing Services
Vital Processing Services (Vital) is a leader in technology-based, commerce-enabling services. Vital delivers comprehensive, end-to-end payment solutions to acquirers and their merchants to reliably process millions of credit, debit and other transactions every day. From authorizing and capturing electronic payments at the point of sale to clearing and settling merchant transactions, managing merchant terminals and providing information management services, Vital partners with acquirers to help them effectively manage and grow their merchant portfolios. Vital is a wholly owned subsidiary of TSYS. For more information, see www.vitalps.com.
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