Columbus, December 26th 2012 - TSYS announced today that it has completed its acquisition of ProPay. ProPay is now a wholly owned TSYS subsidiary reporting to Mark Pyke, president of TSYS' Merchant Services segment.

ProPay previously operated as a privately-held company, and offers simple, secure and affordable payment solutions for organizations ranging from small, home based entrepreneurs to multi-billion dollar enterprises. For more information, visit www.propay.com.

Financial Technology Partners LP and FTP Securities LLC (together "FT Partners") acted as exclusive financial and strategic advisors to ProPay and its Board of Directors in this transaction.

Re-disseminated by The Asian Banker