COLUMBUS, Ga., July 1, 2015 — TSYS (NYSE: TSS) announced today that it has extended its payments agreement with Mexico’s Banco INVEX S.A. The multi-year agreement includes processing services for INVEX’s consumer and commercial credit card portfolios.
“We look forward to continuing our business relationship with TSYS, and are excited about consolidating our consumer line of business onto the more robust TS2® platform,” said Jean Marc Mercier, head of the Card Business for INVEX. “We feel this will position INVEX for future growth while offering our cardholders increased product options.”
“INVEX has been a valued client for more than 10 years, and this renewal is an example of our ongoing commitment to the Latin American market as we move forward and look for ways to continue our growth in the region as well as the support of our existing client base,” said Bill Pruett, president of the North America Services segment for TSYS.”
As part of the agreement, TSYS will continue to provide INVEX with additional services such as data analytics, fraud prevention and risk management tools.
Financial terms of the agreement were not disclosed.
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief People-Centered Payments®. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2015 World’s Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.