TSYS, a payment solutions provider, has signed a long-term agreement with payment processor Clearent to continue their current and well established merchant services processing relationship.

As per the agreement, TSYS will provide authorizations and other payment services for Clearent’s merchants using TSYS’ proven and reliable platforms.

Clearent will leverage the technology offered by TSYS and leverage a wide array of cost-saving and revenue-generating products and services.

TSYS Acquiring Solutions president Mark Pyke said this new agreement reaffirms their commitment to Clearent’s success and their pledge to be a trusted provider of product and technology solutions for merchant acquirers.

Clearent CEO Dan Geraty said their ongoing relationship with TSYS is based upon the partnership they have developed since the initial agreement. TSYS supports the widest range of point-of-sale solutions coupled with world class customer service for Clearent and their merchants.