ETA Member TSYS Announces Plan to Acquire ETA Member Cayan
12-18-2017

Global payments processor and merchant acquirer TSYS announced this morning in a press release its intent to acquire Cayan, a payments technology giant, in an all-cash transaction valued at approximately $1.05 billion.
“The acquisition of Cayan strategically complements our merchant goals to become a leading payment solutions provider to small and medium size businesses in the U.S. by delivering ‘best in class’ services and solutions.” said M. Troy Woods, Chairman, President and Chief Executive Officer, TSYS in the press release. “TSYS already has tremendous scale and distribution capabilities. The addition of Cayan’s unified commerce solutions puts us in a strong competitive position to jointly offer a broader set of value-add products and services to our partners and merchants.”
Cayan, a Boston-based firm, provides acquiring services to more than 70,000 merchants and 100+ integrated partners in the US largely through its flagship platform, Genius, an omni-channel cloud-based POS device.
“Cayan and TSYS are aligned in our strategy to provide cutting-edge payment solutions and a robust product offering to merchants across the U.S.,” said Henry Helgeson, Co-Founder and Chief Executive Officer, Cayan in the release. “We’re excited about the opportunity to bring innovative products to a broader customer base.”
The deal, which is expected to close in Q1 2018, has been approved by the TSYS Board of Directors but is subject to regulatory approvals and other customary closing conditions, the release said.
Read the full release here.
About ETA
The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $6 trillion in purchases in the US and deploying payments innovations to merchants and consumers. Learn more: www.electran.org.
Related Posts

News
INFOGRAPHIC: Tracking the Evolution of Loyalty Solutions
Loyalty programs cultivate lifelong customers. And they’ve come a long way since the days of punch cards. Modern loyalty solutions integrated mobile payments, rewards and ecommerce technology to get customers to keep coming back. For . . .
5-20-2021
learn more
News
ETA CEO Jodie Kelley: Reflections on the Past Year and Looking Ahead to the Future
By Jodie L. Kelley, CEO, ETA. As I complete my first year as CEO of ETA, I am struck by what an extraordinary year it was in so many ways. As we entered 2020, I . . .
9-28-2020
learn more
News
TSG INFOGRAPHIC: Assessing the Value of Payments Technology
Accepting digital payments costs merchants money, but the “juice is worth the squeeze,” argues payments research firm The Strawhecker Group in their latest infographic. The infographic highlights data that demonstrates the immense value merchants and . . .
7-23-2020
learn more