TTSYS provides payment processing and related solutions for banks, merchants, and consumers. It operates through Issuer Solutions, Merchant Solutions, and Consumer Solutions (Netspend), handling card processing, mobile payments, and online gateways like MultiPASS and Authorize.Net. It differentiates itself with a large North American footprint (about 40% third-party market share for issuing banks) and a history of acquisitions (Netspend, TransFirst) and a Global Payments merger that expanded its reach to millions of merchants and hundreds of institutions. Its goal is to deliver a complete, secure payments infrastructure that supports efficient processing, broad reach, and omnichannel payment options.
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Industries
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Columbus, GA
Founded
1983
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Total Funding
$35B
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Funded Over
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How a national agent network became a payments business valued at $840 million.
Mr. Prudhvi Godithi. Success Story Excellence and community empowerment in software development. In the ever-evolving landscape of software development, Prudhvi Godithi emerges as a beacon of technical prowess, community engagement, and unwavering dedication to excellence, redefining the industry's standards. Formerly a Software Engineer Lead at TSYS, Prudhvi earned accolades, including the prestigious Circle of Excellence for 2022. Now at AWS OpenSearch, he spearheads transformative initiatives, enhancing OpenSearch and its plugins. His focus on streamlining development processes through robust CI/CD pipelines and release automations showcases his commitment to efficiency and innovation. Simultaneously, Prudhvi plays a pivotal role in developing frameworks to facilitate OpenSearch's utilization across diverse platforms. Beyond his responsibilities at AWS, Prudhvi's influence radiates through his technical expertise, boasting 8 AWS certifications and Certified Kubernetes Associate status. As a revered figure in the tech community and an AWS subject matter expert, his Medium articles serve as go-to resources for developers, offering insights on exam success and simplifying complex technical concepts. Prudhvi's impact extends to the global stage as a presenter at KubeCon 2022, where he shares profound insights on OpenSearch Operator frameworks, further solidifying his standing in the industry. His role as a core developer and maintainer of critical open-source projects attests to his commitment to pushing the boundaries of innovation in open-source development. Adding another layer to his impactful journey, Prudhvi serves as a mentor for the Open-Source Contributor Initiative (OSCI) program. Through this initiative, he nurtures and guides emerging talents, fostering collaboration and skill development in the realm of open-source contributions. Prudhvi Godithi's story is not merely about personal achievements; it serves as an inspiration for a new generation of developers, encouraging them to embrace open-source contributions, strive for technical excellence, and actively engage in collaborative community efforts.
Tabit unifies card-present and ecommerce transactions, strengthening its payments foundation with MagTek hardware and Magensa Unigate gateway. Jul 27, 2026, 09:05 ET Global AI hospitality platform adopts a single, purpose-built payment solution, backed by remote device management and a lifetime device warranty, to power its next phase of growth. SEAL BEACH, Calif., July 27, 2026 /PRNewswire-PRWeb/ - MagTek, a global leader in secure payment technology and security solutions, and Tabit, a global hospitality commerce and AI platform, today announced that Tabit has moved its payment hardware and gateway processing to MagTek's DynaFlex secure card readers and the Magensa Payment Protection Gateway via Unigate (Unigate). The move consolidates Tabit's payment infrastructure, giving the company a more reliable, streamlined foundation for both card-present and online transactions across its global operations. As part of the transition, Tabit integrated its POS with the DynaFlex II Go, a mobile payment device built on MagTek's newest hardware platform. The device is engineered around AES-256 encryption, the highest security standard in the industry, giving Tabit and its customers additional peace of mind with every transaction. DynaFlex II Go has been widely adopted by the industry's leading case manufacturers, who design enclosures for iOS, Android, and Windows devices, making it easy and reliable for restaurants to bring mobile POS and payments directly to the table. Beyond payments, the DynaFlex II Go platform also supports non-payment NFC use cases, including MIFARE, NTAG, Apple VAS and Google SmartTap, DynaCast (for delivering receipts, surveys, and other content to a guest's mobile device), access control, and mobile driver's license (mDL) reading, making it one of the most versatile hardware platforms in the industry. As Tabit's footprint grew, the opportunity to simplify became clear: a single, unified partner for both hardware and gateway services would streamline development, speed up certification for new processors, and give the team a clearer picture of performance across every transaction. With Magensa Unigate, Tabit now runs card-present and card-not-present transactions through a single integration to its major processors and acquirers, including Fiserv, TSYS, WorldPay, and Elavon. The consolidation gives Tabit one unified view into all of its transactions, regardless of processor or payment channel, and a simpler path to supporting new processors and payment types going forward. Because MagTek both manufactures the DynaFlex hardware and develops the Magensa Unigate gateway, the solution is engineered and supported as a single, tightly integrated stack rather than a pairing of separate vendors' products. Beyond the core hardware and gateway consolidation, Tabit adopted two additional MagTek services to extend the value of the solution. The Reader Management System (RMS), an API that integrates device management directly into Tabit's restaurant AI POS, and allows firmware updates and configuration changes to be pushed to devices remotely in a lights-out environment, reducing support costs and keeping devices running at optimal performance. Tabit also adopted MagCare, which provides a lifetime warranty on MagTek devices along with simplified administration of returns and replacements (RMAs), allowing both Tabit and its merchants to focus on their customers rather than hardware logistics. "The future of hospitality belongs to intelligent software, not payment complexity," said Nadav Solomon, Co-Founder and President of Tabit Technologies. "Our role is to help restaurants leverage AI to operate more efficiently and create exceptional guest experiences, while remaining free to choose the payment partners that best serve their business. Consolidating our payments infrastructure with MagTek gives us a stronger technical foundation so we can innovate faster, simplify operations, and continue delivering an open, enterprise-grade platform for the hospitality industry." Tabit's move to MagTek and Magensa reflects a broader shift among hospitality and restaurant technology providers toward consolidated payments infrastructure, as operators look to reduce the complexity, cost, and support overhead of managing hardware and gateway relationships across multiple vendors. "Tabit has built one of the most thoughtful mobile-first platforms in hospitality, and we wanted our payments technology to match that same level of craftsmanship," said Rod Vesling, Senior Vice President of Magensa. "By bringing our hardware and gateway together under one roof, we're giving Tabit a single, tightly integrated foundation to build on - so their team can stay focused on what they do best: creating a seamless experience for restaurants and their guests." To see the full solution in action, visit MagTek at booth #910 and Tabit at Booth #537 at RSPA's RetailNOW event, July 26 - 28, 2026 at Ceasar's Forum Conference Center, Las Vegas, NV. To learn more about MagTek visit www.magtek.com, email [email protected], or call 562-546-6400. About MagTek Founded in 1972, MagTek is a leading manufacturer of electronic systems for the reliable issuance, reading, transmission, and security of cards, barcodes, checks, PINs, and identification documents. Leading with innovation and engineering excellence, MagTek is known for quality and dependability. Its hardware products include secure card reader/authenticators, Qwantum secure cards, token generators; EMV Contact Chip, EMV Contactless, barcode and NFC reading devices; encrypting check scanners, PIN pads, and credential personalization systems. These products all connect to Magensa, a MagTek owned gateway that offers businesses the ability to securely process transactions using authentication, encryption, tokenization, and non-static data. At MagTek, Janwoodgroup don't outsource security. Its USA-based headquarters in Seal Beach, CA house its engineering, key injection, device management, production, sales, quality, and final assembly departments. Please visit www.magtek.com to learn more. About Tabit Technologies, Inc. Tabit Technologies is a global hospitality commerce and AI platform powering some of the most demanding restaurant, hotel, and entertainment operations in the world. Purpose-built for full-service and upper-market hospitality, Tabit delivers a mobile-first, cloud-native ecosystem that combines POS, payments orchestration, kitchen operations, guest engagement, online ordering, loyalty, and AI-driven operational intelligence into a unified platform. Trusted by innovative hospitality brands globally, Tabit supports restaurants and hotels ranging from boutique concepts to large-scale enterprise groups, including luxury hospitality destinations, major airport operators, and multi-location restaurant organizations across North America, Australia, and Israel. For more information about Tabit's product suite, visit Tabit.cloud. Tabit Technologies, Inc. 19495 Biscayne Blvd, Suite 802 Aventura, FL 33180 1-833-822-4887 Media Contact SOURCE MagTek
FIS®, a global leader in financial technology, today announced the completion of its acquisition of Global Payments' Issuer Solutions business, formerly known as TSYS.
Merger of equals creates the preeminent technology-enabled payments company with extensive scale and unmatched global reach
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Industries
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Columbus, GA
Founded
1983
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs