TSYS Signs Payments Agreement with Virgin Money
November 30 2016 - 4:00AM
Business Wire
Company to Support Virgin Money’s Debit Cards in the UK
TSYS (NYSE: TSS) today announced that it has reached a long-term
agreement to provide debit processing services for Virgin Money
customers within the United Kingdom. Virgin Money previously
selected TSYS’ market leading TS2® platform to support its UK cards
portfolio.
Virgin Money is a UK-based retail bank, providing savings,
mortgages, credit cards, current accounts, currency services,
pensions, as well as investment and protection products to over
three million customers across the UK. TSYS will provide a flexible
and reliable card processing solution for Virgin Money.
Mark Parker, chief operating officer for Virgin Money, said,
“After the successful implementation of our credit card operation,
TSYS has been selected to provide our debit card services having
demonstrated they can provide a similar secure and resilient
solution to support our current account proposition. We are
building a flexible solution to enable us to issue contactless
MasterCard debit cards and the new TSYS solution will help us to
improve our service to current account customers and help them
manage their money more easily.”
Kelley Knutson, executive vice president of TSYS’ International
Services segment, said, “We are excited to broaden our already
successful relationship with Virgin Money. The combination of our
experience in international markets and the strength of the Virgin
brand will continue to ensure the future growth of their card
business. TSYS strives to develop and maintain strong relationships
with key issuers in the UK and across Europe, and it is a privilege
to work with high-profile, and capable, companies such as Virgin
Money.”
About TSYS
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment
providers, businesses and consumers. Our headquarters are in
Columbus, Georgia, USA, and we operate in more than 80 countries
with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the
payments spectrum — from issuer processing and merchant acquiring
to prepaid program management — delivered through partnership and
expertise. We succeed because we put people, and their needs, at
the heart of every decision. It’s an approach we call
‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way
toward the payments of tomorrow. We routinely post all important
information on our website. For more, visit us at tsys.com.
About Virgin Money
- Virgin Money offers savings, mortgages,
credit cards, current accounts, currency services, pensions,
investments and protection products to over 3 million customers
across the UK.
- Virgin Money’s business ambition is to
make “everyone better off” – this philosophy underpins our approach
to business by offering good value to customers, treating employees
well, making a positive contribution to society and delivering a
profit to shareholders.
- More than 11,500 charities have
registered with Virgin Money Giving and, by the end of June 2016,
over £475 million had been raised for charity through the service
since its launch in 2009, resulting in an estimated £15 million
more raised for charity because of its not-for-profit model.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161130005141/en/
TSYSMedia Relations:Cyle Mims,
+1-706-644-3110cylemims@tsys.comorInvestor Relations:Shawn Roberts,
+1-706-644-6081shawnroberts@tsys.com
Total System Services (NYSE:TSS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Total System Services (NYSE:TSS)
Historical Stock Chart
From Sep 2023 to Sep 2024