TSYS announced that it has signed an exclusive long-term agreement with Monetary LLC, a connected commerce provider offering integrated payment services and marketing automation technologies for the point-of-sale industry. Under the terms of the agreement, TSYS will provide payment processing services to Monetary’s network of software developers and merchants.

Founded by industry veterans Jeff Katz and Shelley Plomske, Monetary offers a single, integrated platform which includes their own payment gateway. TSYS will provide processing services to help bring this new solution to market, including authorization and capture, clearing and settlement, and chargeback functionalities. Monetary will also be integrating additional TSYS services and payment capabilities into the overall platform, including merchant onboarding tools.

“We are excited about this new strategic relationship with Monetary,” said Tim Munto, group executive, TSYS’ Merchant Services segment. “By leveraging Monetary’s payment and marketing automation platform and our secure payment processing capabilities, developers and merchants can take advantage of a more complete solution to manage their businesses and maximize revenue. We look forward to working with Monetary to help deliver unique solutions to both their existing and future customers.”

“TSYS has a distinguished history in payment processing. Monetary is pleased to be working with this respected resource for payment processing services,” said Shelley Plomske, chief executive officer and president, Monetary. “Together we offer best-in-class solutions for the dealers and developers we work with.”