TSYS Renews Payments Agreement with Advanzia Bank
December 06 2016 - 4:00AM
Business Wire
TSYS (NYSE: TSS) today announced that it has renewed its
payments agreement with Advanzia Bank S.A., the largest issuer of
credit cards in Luxembourg, to continue processing the bank’s
consumer credit card portfolio. TSYS will also provide additional
services such as fraud and risk management, verification and
contactless card support.
Advanzia has a fast-growing portfolio of MasterCard credit cards
across the Luxembourg, German, French and Austrian markets,
transacting all of its business online. Advanzia was established in
2005 and has been a TSYS client since 2006.
“TSYS’ options-driven platform continues to give us the
flexibility we need to grow and operate in a number of markets
across Europe,” said Marc Hentgen, chief executive officer of
Advanzia Bank, S.A. “We’re confident that its global experience
will contribute to rapid growth within our card portfolios.”
“Our TS2® platform continues to facilitate Advanzia’s expansion
by keeping them on top of the latest developments across their
industry,” said Rob Hudson, group executive for TSYS International.
“We have enjoyed a great relationship for the last decade, and look
to continued success with them in the future.”
Terms of the multi-year agreement were not disclosed.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161206005158/en/
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.com
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