The front-end authorization and capture and the back-end clearing and settlement platforms at Total System Services Inc., or TSYS, are now enabled to process American Express OnePoint transactions, the processor announced Feb. 16.
American Express OnePoint is an all-in-one service that provides small to midsize merchants a single source for statements, settlement and customer service for all major card brands.
TSYS started processing OnePoint transactions in late 2011, but Amex retains the acceptance contract with participating merchants, establishes merchant pricing and receives the same transactional information it does today. TSYS will provide payment processing-services to merchants on behalf of Amex for American Express card transactions under the new agreement.
“This is a mutually beneficial agreement for both TSYS and our clients to expand our processing and merchant portfolios respectively,” Eric Barth, TSYS senior director, product management, said in a press release. “For the first time, TSYS will be able to offer our clients complete processing services for all card brands with the convenience of a single deposit and one billing statement to merchants.”
While enabling merchants to streamline acceptance, the OnePoint program also enables American Express cardmembers the ability to use their card at even more locations. William DeSimone, Amex vice president, merchant acquisition, noted in the release.
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