{"id":3863,"date":"2017-12-20T15:41:21","date_gmt":"2017-12-20T20:41:21","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=3863"},"modified":"2017-12-20T15:41:21","modified_gmt":"2017-12-20T20:41:21","slug":"processor-tsys-to-acquire-cayan-for-1-05-billion","status":"publish","type":"post","link":"https:\/\/infinicept.com\/payment-facilitator\/business\/processor-tsys-to-acquire-cayan-for-1-05-billion\/","title":{"rendered":"Processor TSYS to Acquire Cayan for $1.05 Billion"},"content":{"rendered":"<p><strong>Payments processor TSYS announced Monday (Dec. 18) that it plans to acquire Cayan, advancing its position as a provider for small and medium-sized businesses, including the PF and ISV markets.<\/strong><\/p>\n<p>Cayan is a payments technology provider focused on integrated payments solutions. It serves more than 100 integrated partners in the U.S., as well as more than 70,000 merchants.<\/p>\n<p>\u201cThe acquisition of Cayan will bring additional unified commerce solutions to TSYS that will put the combined company in an even stronger competitive position to offer a broader set of value-added products and services to partners and merchants,\u201d Emily Edmonds, senior director of communications at TSYS, told PaymentFacilitator.com.<\/p>\n<p>TSYS also owns ProPay, which offers a dedicated payment facilitator solution.<\/p>\n<p>How TSYS will combine the capabilities from these two acquisitions remains to be seen.<\/p>\n<p>\u201cWe will be looking at all synergies between TSYS and Cayan in the coming months and will have more news to share post close,\u201d Edmonds said.<\/p>\n<p>Rick Oglesby, president of AZ Payments Group, acknowledged the significant investments merchant acquirers have made in similar capabilities, and called the deal a \u201csmart move\u201d for TSYS.<\/p>\n<p>\u201cThere\u2019s been a big run on integrated payments companies, and Cayan was one of the largest and most differentiated still available,\u201d he said.<\/p>\n<p>\u201cNot only does this give TSYS more assets to compete with Vantiv, Global, and First Data in the integrated payments market, but it also gives TSYS a level of product differentiation that others can\u2019t currently match. In a market where the job is to disappear into the background through white-labeled products, having a solution that can differentiate the processor makes a difference,\u201d Oglesby continued.<\/p>\n<p>\u201cThe acquisition of Cayan strategically complements our merchant goals to become a leading payment solutions provider to small and medium size businesses in the U.S. by delivering \u2018best in class\u2019 services and solutions.\u201d M. Troy Woods, chairman, president and chief executive officer, for TSYS, said in a press release.<\/p>\n<p>\u201cTSYS already has tremendous scale and distribution capabilities. The addition of Cayan\u2019s unified commerce solutions puts us in a strong competitive position to jointly offer a broader set of value-add products and services to our partners and merchants.\u201d<\/p>\n<p>The transaction is valued at about $1.05 billion and is expected to close early next year, the company said.<\/p>\n<p><em>This story has been updated to include comments from Edmonds and Oglesby.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Payments processor TSYS announced Monday that it plans to acquire Cayan, advancing its position as a provider for small and medium-sized businesses, including the PF and ISV markets.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2,8],"tags":[148,415,435,489,643,719,909],"class_list":["post-3863","post","type-post","status-publish","format-standard","hentry","category-business","category-technology","tag-cayan","tag-integrated-payments","tag-isv","tag-ma","tag-payment-facilitator","tag-propay","tag-tsys"],"acf":[],"_links":{"self":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=3863"}],"version-history":[{"count":0,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/3863\/revisions"}],"wp:attachment":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=3863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=3863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=3863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}