TSYS Merchant Solutions has announced a new partnership with Navy Federal Credit Union designed to provide Navy Federal’s merchant members with the ability to accept credit and debit cards as payments for their goods and services. TSYS Merchant Solutions, a wholly owned affiliate of TSYS (NYSE: TSS), is ranked as the seventh largest merchant acquirer in the U.S. by number of active merchant outlets according to The Nilson Report.Navy Federal members will now have access to world-class payment acceptance and marketing solutions, including competitive comparison dashboards, mobile, tablet, e-commerce and retail point-of- sale solutions, along with 24/7 customer and technical support.TSYS also provides core processing services for Navy Federal’s Visa® and MasterCard® credit card products. These services include statement processing, card embossing, accounting and settlement, fraud prevention, member service and collection operating systems, correspondence, and risk mitigation. TSYS also provides loyalty services to include tailored marketing in support of Navy Federal’s nRewards®, goRewards® and Flagship credit card programs.
