Thursday , March 28, 2024

Search Results for: tsys

As Carr Steps Down at Beyond, Former TSYS Executive Mike Peters Takes Over As CEO

Mike Peters, formerly chief executive of TSYS Merchant Solutions, is succeeding Robert O. Carr, who said last week he would step down as chief executive of Beyond Inc., the payments provider he founded in 2017. A longtime payments-industry veteran, Carr remains executive chairman of the Princeton, N.J.-based company. Peters, whose …

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Questions Loom Over What Caused the TSYS Outage And the Fallout From It

Nearly four days after mega-processor Total System Services’ platform went offline, independent sales organizations that use the TSYS platform remain in the dark as to how and why the outage occurred. The outage, which has been described as a nationwide event for TSYS, occurred Saturday night and prevented TSYS, as …

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Global Payments Launches TSYS Partner Program and other Digital Transactions News briefs from 7/14/21

Payments provider Global Payments Inc. announced consulting firm PwC will be a charter member of Global’s TSYS Partner Program, an initiative aimed at developing business partnerships with companies globally.CloudPay Inc., a payroll-processing provider, launched CloudPay Now, a service allowing multinational companies to provide earned-wage access globally.InComm Payments will process prepaid card transactions online …

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How the Ransomware Attack on TSYS Could Be an Early Indicator of Bad News to Come

The recent ranswomware attack on the big payments processor TSYS could portend worse to come for the payments business as cyber criminals seek vulnerabilities in the industry and carry out new tactics to squeeze out ransom payments from their victims. More attacks on credit and debit processors are “absolutely” coming, …

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With TSYS Now Under Its Wing, Global Payments Expands in Canada With Desjardins Acquisition

Total System Services Inc. (TSYS) officially became part of Global Payments Inc. only on Sept. 18, but the massive task of stitching two large payment processors together didn’t stop Global from buying yet another financial institution’s merchant portfolio. Global announced Thursday that it will acquire the entire 40,000-merchant file of …

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TSYS-Global Merger ‘Best of the Bunch’ and other Digital Transactions News briefs from 9/27/19

The recently completed acquisition of Total System Services Inc. (TSYS) by Global Payments Inc. is “the best of the bunch” among the three megamergers in the payment-processing industry this year, investment research firm Morningstar Inc. says in a new report. The Global-TSYS deal “has the most capacity to reduce costs …

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Digital Transactions