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T/TSYS

TSYS Signs Agreement with Caterpillar Financial Services

2010-01-22 14:56
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COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS announced today it has signed a multi-year payment services agreement with Caterpillar Financial Services Corporation, the financial arm of Caterpillar Inc. Under terms of the agreement, TSYS’ industry leading TS2® platform will be used to process commercial credit accounts.

The agreement also includes TSYS CounterPASS, a Web-based virtual point-of-sale product, as well as internet-based reporting, statement and customer care services to support more than 900 Caterpillar dealer locations in the United States.

“This agreement is a testament to our continued commitment to innovation and customer service, and encompasses an enterprise-wide approach to providing Caterpillar Financial Services with support for its payments business,” said M. Troy Woods, president and chief operating officer of TSYS.

Terms of the long-term agreement were not released.

About TSYS

TSYS (NYSE: TSS) is one of the world’s largest companies for outsourced payment services, offering a broad range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions. For more information contact news@tsys.com or log on to www.tsys.com. TSYS routinely posts all important information on its Web site.

Contacts

TSYS Media Relations
Cyle Mims, +1-706-644-3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1-706-644-6081
shawnroberts@tsys.com