TSYS Extends Payments Agreement with Swisscard
August 18 2016 - 4:00AM
Business Wire
Renewal marks continuation of key relationship
in Europe
TSYS (NYSE: TSS) today announced it has extended its payments
agreement with Swisscard AECS GmbH to continue processing the
company’s consumer credit and commercial card portfolios on the
TS2® platform, as well as to provide other payment services.
Swisscard AECS GmbH is a joint venture between Credit Suisse AG
and American Express. Swisscard AECS GmbH is the only company in
Switzerland to offer the world’s leading credit card brands —
American Express, MasterCard and Visa — from a single source.
Customers managed by Swisscard AECS GmbH have the largest choice of
credit card products on the Swiss market.
“Swisscard is a leader in Switzerland, and an important client
for TSYS as we continue to grow across Europe,” said Rob Hudson,
group executive of TSYS International. “We look forward to
delivering innovative new products and services to help them
continue providing excellent service for their cardholders.”
“The stability and availability that TSYS’ systems have provided
us throughout our relationship have been important for our business
performance,” said Boris Kraus, head of IT Service Management and
Control of Swisscard AECS GmbH. “They understand where we are today
and where we want to go, and we look forward to continue working
with TSYS to provide our cardholders excellent card processing
services.”
No terms of the long-term agreement were announced.
About Swisscard AECS GmbH
Swisscard AECS GmbH was established as a joint venture between
Credit Suisse AG and American Express in 1998. The company handles
product development, sales and marketing, customer service and card
processing in Switzerland. As a merchant acquirer, Swisscard AECS
GmbH is also responsible for expanding and handling the American
Express network of points of acceptance in Switzerland.
Swisscard AECS GmbH combines the strengths of its two parent
companies in the credit card business, with American Express being
the global leader as far as card management is concerned and Credit
Suisse AG owning strong national sales channels. As a market leader
in Switzerland, Swisscard manages over 30 card products, tailored
to the needs of private individuals and corporate clients, and has
leading positions in frequent flyer and business traveler cards,
corporate client business as well as co-branding card business
(Miles & More)
For additional information about Swisscard please refer to
www.swisscard.ch.
About TSYS
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment
providers, businesses and consumers. Our headquarters are in
Columbus, Georgia, USA, and we operate in more than 80 countries
with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the
payments spectrum — from issuer processing and merchant acquiring
to prepaid program management — delivered through partnership and
expertise. 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 industry is changing every day — and we’re leading the way
toward the payments of tomorrow. We routinely post all important
information on our website. For more, visit us at tsys.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160818005148/en/
TSYS Media RelationsCyle Mims,
+1.706.644.3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1.706.644.6081shawnroberts@tsys.com
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