The agreement also includes TSYS CounterPASS, a web-based virtual point-of-sale product, as well as internet-based reporting, statement and customer care services to support more than 900 Caterpillar dealer locations in the US.

Troy Woods, president and chief operating officer of TSYS, said: This agreement is a testament to our continued commitment to innovation and customer service, and encompasses an enterprise-wide approach to providing Caterpillar Financial Services with support for its payments business.

TSYS is a provider of outsourced payment services. It offers a range of issuer- and acquirer-processing technologies that support consumer-finance, credit, debit, healthcare, loyalty and prepaid services for financial institutions and retail companies in the Americas, EMEA and Asia-Pacific regions.

With offices and subsidiaries located throughout the Americas, Asia, Australia, and Europe, Nashville, Tennessee-based Cat Financial provides financing alternatives for the complete line of Caterpillar machinery and engines, Solar gas turbines, other related equipment and marine vessels. The company also extends loans to customers and dealers.