Cynergy Data LLC has a new processor. TSYS Acquiring Solutions, a unit of Total System Services Inc., will handle authorization, settlement and charge-back matters for the Long Island City, N.Y.-based independent sales organization, TSYS says.
TSYS Acquiring replaces Atlanta-based First Data Corp., says Tom Tesmer, Cynergy Data executive vice president of processing services. The ISO switched processors primarily because the previous contract expired and pricing incentives, Tesmer tells PaymentsSource.
The contract with Columbus, Ga.-based TSYS is for five years, he says.
TSYS Acquiring has direct relationships with approximately 200 acquirers and ISOs, a tally that does not include other merchant services providers that funnel their merchant accounts through another ISO or acquirer, a TSYS spokesperson says.
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