TSYS to Offer Payment Services to Navy Federal Merchants

Published March 19, 2014, 12:45 p.m. EDT

Updated March 19, 2014, 11:45 a.m. EDT

1 Min Read

TSYS Merchant Solutions, a unit of the payment processor TSYS, is working with Navy Federal Credit Union to offer members of the lender's merchant network the ability to accept credit and debit cards.

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Merchant members of Navy Federal will have access to TSYS services including mobile, tablet, e-commerce and retail point of sale payments, according to a March 19 press release.

The $56 billion-asset Navy Federal serves all active-duty members of the Department of Defense and the Coast Guard as well as civilian and contractor personnel and family members.

TSYS reported over $2 billion in full-year revenue for 2013, a first in the company's more than 30 years in business. Its 2013 acquisition of prepaid card company NetSpend helped propel its earnings.

Sarah Todd

Deputy Editor

Sarah Todd is the Deputy Editor of BankThink, American Banker's opinion blog. She previously wrote for the American Institute for Economic Research,... Read full bio

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