TSYS Extends Existing Agreement with Capital One
December 14 2017 - 4:15PM
Business Wire
TSYS (NYSE: TSS), a leading global payments solutions provider,
today announced it has extended its long-term agreement with
Capital One Financial Corporation (NYSE: COF) to continue providing
processing services for Capital One’s North American portfolio of
consumer and commercial credit card accounts for multiple
years.
According to the Nilson Report, Capital One was a top 5 issuer
of U.S. General Purpose Credit Cards in 2016, ranking second with
89.4 million total credit cards. Additionally, Capital One ranked
fifth in total purchase volume with more than $249 billion.*
“The strong sense of partnership we have developed with Capital
One has allowed for a tremendous amount of growth and innovation
over the years,” said Allen Pettis, Executive Vice President and
President, North America Issuer Solutions, TSYS. “This agreement is
a testament to the hard work, collaboration and open communication
it takes to make a long-standing client relationship
successful.”
*Nilson Report, February 2017, Issue #1104
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/20171214006297/en/
TSYS Corporate CommunicationsEmily J. Edmonds,
404-985-5576eedmonds@tsys.comorTSYS Investor RelationsShawn
Roberts, 706-644-6081shawnroberts@tsys.com
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