TSYS Extends Agreement with Allied Irish Bank to Continue Processing Its Credit and Debit Card Portfolios
May 22 2018 - 4:00AM
Business Wire
TSYS (NYSE: TSS) today announced that Allied Irish Bank (AIB)
has extended its agreement with TSYS to continue processing the
bank’s credit and debit card portfolios.
As the leading retail banking franchise in Ireland, AIB has
strong customer relationships and deep roots within the Irish
banking industry. All of these factors, along with its reputation
for a customer first strategy, have positioned it for
continued growth.
“TSYS and AIB have developed a valued and enduring
relationship over the years,” said Rene Kruse,
Senior Vice President and Managing Director of International
Markets, TSYS. “We are excited to help AIB deliver on its strategic
goals of providing innovative credit and debit card products to
their customers now and in the future.”
“AIB and TSYS have forged a strong relationship through the
years, making this an easy decision to continue our partnership,”
said Orla McGovern, Head of Card Issuing, AIB. “Our ongoing
partnership creates further opportunities to support continued
growth and innovation across our card portfolios.”
Details of the long-term agreement were not disclosed.
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 12,000 team members and local offices across 13
countries. TSYS generated revenue of $4.9 billion in 2017, while
processing more than 27.8 billion transactions. We are a member of
The Civic 50 and were named one of the 2018 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.
About Allied Irish Bank
AIB is a financial services group operating predominantly in the
Republic of Ireland. We provide a comprehensive range of services
to retail, SME and corporate customers, and hold market-leading
positions in key segments in the Republic of Ireland. AIB also
operates in Great Britain as Allied Irish Banks (GB) and in
Northern Ireland, under the trading name of First Trust Bank. AIB’s
purpose is to back our customers to achieve their dreams and
ambitions.
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version on businesswire.com: https://www.businesswire.com/news/home/20180522005338/en/
TSYS Media Relations:Cyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor Relations:Shawn
Roberts, +1-706-644-6081shawnroberts@tsys.com
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