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TSYS (NYSE: TSS) announced that it has completed its acquisition of ProPay. ProPay is now a wholly owned TSYS subsidiary reporting to Mark Pyke, president of TSYS’ Merchant Services segment.
ProPay previously operated as a privately-held company, and offers simple, secure and affordable payment solutions for organizations ranging from small, home-based entrepreneurs to multi-billion dollar enterprises.
Financial Technology Partners LP and FTP Securities LLC (together “FT Partners”) acted as exclusive financial and strategic advisors to ProPay and its Board of Directors in this transaction.
Since 1997, ProPay has provided simple, secure, and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete End-to-End Payment Security solutions designed to significantly reduce the client organization’s risk of having sensitive payment data compromised. ProPay is a privately held company, headquartered in Lehi, Utah.
For information, visit www.propay.com.