TSYS Signs Multi-Country Payments Agreement with Scotiabank
September 28 2017 - 8:00AM
Business Wire
TSYS (NYSE: TSS) announced today that it has signed a
multi-year, multi-country agreement to provide Scotiabank (NYSE:
BNS) with both issuing and acquiring processing services on the TS
Prime® platform from TSYS’ Latin American Data Centre in Brazil. As
part of the agreement, Scotiabank will convert its consumer card
and acquirer portfolios in Costa Rica and Panama to TSYS’
market-leading TS Prime processing solution. In addition to
processing services, TSYS will also provide fraud, risk and
portfolio management tools.
“This agreement underpins the next phase of our growth strategy
within the Latin American region, offering cross-border processing
services on our modern, agile, server-based TS Prime platform from
our regional hub in Brazil,” said Ross Stewart, general manager of
TSYS Latin America. “We look forward to building on this
partnership with Scotiabank throughout the region, supporting both
their issuer and acquirer businesses with technology and a service
model attuned to their diverse markets.”
The TS Prime processing platform for Latin America is another
strategic service from TSYS’ PRIMESM Business Solutions, which
offers licensing, processing and hybrid managed service
propositions to international markets.
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/20170928005343/en/
TSYSMedia Relations:Cyle Mims,
+1-706-644-3110cylemims@tsys.comorInvestor Relations:Shawn Roberts,
+1-706-644-6081shawnroberts@tsys.com
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