On February 13, TSYS Acquiring Solutions announced that it had renewed its merchant-processing service agreement with Moneris Solutions. Moneris Solutions is one of North America's leading payment processors, processing more than 2.3 billion credit- and debit-card transactions a year for more than 350,000 merchant locations across North America. The agreement continues a long-standing relationship between the two companies, with TSYS Acquiring Solutions remaining as Moneris' preferred third-party provider of transaction-processing and related support services in the United States.

"TSYS Acquiring Solutions has been, and will continue to be, a great partner in helping us deliver superior solutions to our merchant partners," says Greg C. Cohen, U.S. president of Moneris Solutions.

"We are thrilled to continue to serve Moneris as its processing partner and look forward to developing an even deeper and mutually beneficial relationship," says Robert J. Philbin, president of TSYS Acquiring Solutions. "This is very good to know…" The multiyear agreement was effective, Nov. 1, 2006. Financial terms of the agreement were not disclosed.