TSYS Extends Payments Agreement with Tesco Bank
June 20 2017 - 8:30AM
Business Wire
TSYS (NYSE: TSS) announced today that it has extended its
payments agreement with Tesco Bank to continue supporting the
bank’s credit card business in the UK. Under the agreement, TSYS
will provide full customer account management services on its
industry leading TS2® platform.
Tesco Bank aims to be the bank for people who shop at Tesco and
provides 8.1 million accounts and policies to customers. The bank
offers a full range of core retail banking and general insurance
products to meet the needs of Tesco shoppers.
“TSYS has proven itself as the right partner for Tesco Bank as
we continue to look for new and innovative ways to grow and improve
our credit card business,” said David McCreadie, managing director,
Tesco Bank. “With their outstanding client service and deep
understanding of our business, we’re confident that they will
continue to help us provide a seamless experience to our
customers.”
“This is a great example of how TSYS values long term client
relationships,” said Rob Hudson, group executive of TSYS
International. “Tesco’s market-leading retail experience together
with TSYS’ payments expertise has proven to be a dynamic
combination in providing an outstanding cardholder experience.”
Terms of the multi-year agreement were not released.
About Tesco Bank
Tesco Bank’s goal is to make banking and insurance easier and
better value for people who shop at Tesco. We’ve been around since
1997 and today we help more than 6 million customers every day with
everything from insuring their pets, to buying their first home.
Our 4,000 colleagues serve our customers seven days a week from our
four main centres in Edinburgh, Glasgow and Newcastle, and we are
also available through online and mobile banking 24/7.
Tesco Bank is a trading name of Tesco Personal Finance plc.
Registered in Scotland No. 173199. Registered Address: EHQ, 2 South
Gyle Crescent, Edinburgh, EH12 9FQ. www.tescobank.com
About TSYS
TSYS® (NYSE: TSS) is a leading global payments provider,
offering seamless, secure and innovative solutions across the
payments spectrum — from issuer processing and merchant acquiring
to prepaid program management . 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 headquarters are located in Columbus, Ga., U.S.A., with
approximately 11,500 team members and local offices spread across
13 countries. TSYS generated revenue of $4.2 billion in 2016, while
processing more than 25.5 billion transactions. We are a member of
The Civic 50 and were named one of the 2017 World's Most Ethical
Companies by Ethisphere magazine. TSYS is a member of the S&P
500 and routinely posts all important information on its website.
For more, visit tsys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170620005168/en/
TSYSMedia Relations:Cyle Mims,
+1-706-644-3110cylemims@tsys.comorInvestor Relations:Shawn Roberts,
+1-706-644-6081shawnroberts@tsys.comorTesco BankAdam Treslove, +00
44 7496117855
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