TSYS announces $1.05 billion deal to acquire payment technology company
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.