TSYS Announces Acquisition of iMobile3

Staff Report From Columbus CEO

Friday, June 8th, 2018

TSYS, a leading global payments solutions provider serving issuers, merchants and consumers, announced it has acquired iMobile3, a provider of private-labeled, small business solutions within the payments industry. iMobile3 offers unique and customizable payment solutions including award-winning mobile and tablet point-of-sale products, integrated with value added services.

“As the industry continues to evolve, TSYS intends to lead the charge in providing businesses with the best possible tools to compete in today’s hyper-competitive landscape,” said Philip McHugh, Senior Executive Vice President and President, Merchant Solutions, TSYS. “The acquisition of iMobile3 continues to propel TSYS forward to reach our goal of becoming the number one payments solutions provider to small and medium size businesses in the U.S.”

The iMobile3 Marketplace is a fully customizable suite of applications curated specifically for every partner. All partners and merchants have the ability to offer and utilize the value-added, revenue driving solutions they want, such as digital marketing and business analytics.

“Going forward, our partners will continue leveraging iMobile3’s collection of private-labeled products and payment technology expertise to build their own brand, while benefiting from TSYS’ financial strength, card brand relationships, additional product offerings, and its commitment to being a partner-focused company,” said Bob Leonard, Chief Executive Officer, iMobile3.

iMobile3 is located in Jacksonville, Florida. Terms of the transaction were not disclosed.