When Total System Services Inc. closes its deal in the next month to acquire ProPay and its various payments services, the payment processor will have a new "Square-like" look and feel to ramp up its merchant acquiring business. 

TSYS has made it known that it wanted its own mobile card reader to compete with Square. Although ProPay's ProPay Jak device fits the bill, TSYS didn't bring ProPay into its fold "just to have something Square-like," says Mark Pyke, president of the merchant services segment for Columbus, Ga.-based TSYS. 

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