TSYS Renews Commercial Payments Agreement with Degussa Bank in Germany
July 13 2017 - 4:00AM
Business Wire
TSYS (NYSE: TSS) announced today that it has extended its
commercial payments agreement with Degussa Bank in Germany. The
multi-year agreement covers a broad range of products and services
that TSYS will provide Degussa Bank’s corporate and business
clients.
Degussa Bank offers a low cost, efficient solution for its
commercial clients. TSYS provides processing services for the
bank’s Mastercard® and Visa® products, as well as account
decisioning and fraud and risk management services. A TSYS client
since 2010, Degussa Bank chose TSYS for its market-leading
technology, a proven delivery track record and its partnering
approach.
“We are excited to extend our agreement with TSYS,” said Dieter
Bourlauf, chief digital officer of Degussa Bank. “Their strong
track record of success and stellar reputation in the commercial
card industry, combined with the quality service we have
experienced since our original conversion onto their platform,
gives us confidence that they will continue to help our commercial
card program grow and flourish.”
“It is a great feeling when a valued client like Degussa Bank
renews their agreement with TSYS,” said Rob Hudson, group
executive, TSYS International. “We established years ago that
Germany was an important market to us, and with the Degussa Bank
renewal and other recent renewals in the German market, TSYS proves
how we can provide value in a number of different ways to German
issuers.”
Terms of the long-term agreement were not released.
About Degussa Bank
Degussa Bank is Germany’s one and only WorksiteFinancial
Services Bank with a focus on you as a professional. Our special
feature is the proximity to your working environment - the
Worksite. With us as a WorksiteBank, you can settle your bank
business conveniently with one of our 200 partner companies on the
company premises in the Bank-Shop, as well as by telephone,
InternetBanking or smartphone app.
We are one of the largest providers of commercial cards in
Germany and offer our customers comprehensive credit card-based
solutions for travel management, travel expenses and procurement.
Degussa Bank company cards are always a reliable companion for
business travel.
As a customer of Degussa Bank, you have a competent partner for
financial solutions. Always adapted to your wishes and
possibilities, you profit from our complete range of financial and
corporate services to special employee conditions - simple,
transparent and fair.
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/20170713005126/en/
TSYSMedia Relations:Cyle Mims, +1
706-644-3110cylemims@tsys.comorInvestor Relations:Shawn Roberts, +1
706-644-6081shawnroberts@tsys.com
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