TSYS announces $1.05 billion deal to acquire payment technology company

Published: Dec. 19, 2017 at 12:13 AM EST|Updated: Dec. 19, 2017 at 12:37 PM EST
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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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