US-based credit card processor TSYS has inked a long-term renewal of its payments services agreement with BBVA Compass to continue processing the bank’s consumer, commercial and small business credit card portfolios.
Under the terms of the contract, TSYS will also continue to offer additional services, including card and statement production, fraud and risk management, web and mobile service support, and other value-added services.
Commenting on the agreement, TSYS president and COO Pam Joseph said: “We are very pleased to announce that we have agreed to extend our relationship with BBVA Compass, a valued TSYS client for more than 35 years.
“As we have done for many years, we will work closely with the bank on its needs and continue to support future growth and innovation across all of its credit card portfolios.”
Financial terms of the long-term agreement have not been revealed.
Operating in over 80 countries across the globe, TSYS offers issuer processing and merchant acquiring to prepaid program management services to its diverse clientele base.