TSYS announces $1.05 billion deal to acquire payment technology - WTVM.com-Columbus, GA News Weather & Sports

TSYS announces $1.05 billion deal to acquire payment technology company

(Source: Denise Mosley/WTVM) (Source: Denise Mosley/WTVM)
COLUMBUS, GA (WTVM) -

TSYS, a local payment solution provider, announced a billion dollar agreement to purchase a payment technology company.

The Board of Directors for TSYS approved the $1.05 billion transaction to acquire Cayan, a payment technology company focused on integrated payment solutions and merchant acquiring. The acquisition will help TSYS better serve small and medium-sized businesses across the U.S.

The deal is expected to close in the first quarter of 2018.  

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