TSYS Announces Acquisition of iMobile3

TSYS (NYSE: TSS), a leading global payments solutions provider serving issuers, merchants and consumers, today announced it has acquired iMobile3, a provider of private-labeled, small business solutions within the payments industry. iMobile3 offers unique and customizable payment solutions including award-winning mobile and tablet point-of-sale products, integrated with value added services.

"As the industry continues to evolve, TSYS intends to lead the charge in providing businesses with the best possible tools to compete in today’s hyper-competitive landscape,” said Philip McHugh, Senior Executive Vice President and President, Merchant Solutions, TSYS. "The acquisition of iMobile3 continues to propel TSYS forward to reach our goal of becoming the number one payments solutions provider to small and medium size businesses in the U.S.”

The iMobile3 Marketplace is a fully customizable suite of applications curated specifically for every partner. All partners and merchants have the ability to offer and utilize the value-added, revenue driving solutions they want, such as digital marketing and business analytics.

"Going forward, our partners will continue leveraging iMobile3’s collection of private-labeled products and payment technology expertise to build their own brand, while benefiting from TSYS’ financial strength, card brand relationships, additional product offerings, and its commitment to being a partner-focused company,” said Bob Leonard, Chief Executive Officer, iMobile3.

iMobile3 is located in Jacksonville, Florida. Terms of the transaction were not disclosed.

About TSYS

TSYS^® (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments^®’.

Our headquarters are located in Columbus, Ga., U.S.A., with approximately 12,000 team members and local offices across 13 countries. TSYS generated revenue of $4.9 billion in 2017, while processing more than 27.8 billion transactions. We are a member of The Civic 50 and were named one of the 2018 World’s Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com.

About iMobile3

iMobile3 is a leading provider of products and valued added technology services to the payments industry. Leading acquirers, ISOs and financial institutions across North America trust our solutions and expertise to enhance their own brands. Our headquarters are located in Jacksonville, FL. iMobile3 is a member of the Inc 5000 and recent recipient of FSU’s 100 fastest growing companies. For more, visit imobile3.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180607005213/en/