Get breaking news alerts via email

Click here to manage your alerts
Georgia company closed purchase of Utah-based ProPay

First Published Dec 27 2012 07:39 am • Last Updated Apr 08 2013 11:34 pm

A Georgia company said it has completed its purchase of ProPay Corp. of Utah.

TSYS of Columbus, Ga., said ProPay of Lehi has become a wholly owned subsidiary.

Join the Discussion
Post a Comment

TSYS offers payment services for credit and debit cards to merchants, financial institutions and governments.

Terms of the transaction announced in November were not disclosed. At the time, Philip W. Tomlinson, chairman and CEO of TSYS, said the deal "positions TSYS to capitalize on the explosive growth of mobile and more effectively compete in the small and micro-merchant segment."

Shares of TSYS, which have recently been in the $2.50 range, are traded on the New York Stock Exchange.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.