TSYS (NYSE: TSS) today announced that it has finalised a long-term
agreement with The Royal Bank of Scotland (RBS) to continue payment
processing and related services for its UK, Irish and US consumer credit
and commercial businesses.
Since 2001, The Royal Bank of Scotland portfolio has utilised TS2®,
TSYS’ outsourced payments processing solution, in an agreement that
marked TSYS’ entry into Europe. TSYS now services more than 50 million
accounts across 35 European clients.
"The Royal Bank of Scotland is a key client for TSYS, and we are pleased
to announce the continuation of this mutually beneficial partnership,”
said Gaylon Jowers, President of TSYS International. "Being selected to
continue processing RBS’ consumer and commercial portfolios confirms our
long term commitment to the European and US markets.”
"The Royal Bank of Scotland Group made a strategic decision over 10
years ago to work with TSYS, during which time we have made many
enhancements to our products and customer proposition,” said William
Higgins, Director, Group Operations, Royal Bank of Scotland. "After a
thorough review process, we have made the decision to remain with TSYS
for an extended period, and we look forward to further developing the
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,
with unmatched customer service and industry insight, TSYS is able to
support financial institutions, businesses and governments in more than
80 countries. Offering merchant payment-acceptance solutions as well as
services in credit, debit, prepaid, mobile, chip, healthcare and more,
we make it possible for those in the global marketplace to conduct safe
and secure electronic transactions with trust and convenience.
TSYS’ headquarters are located in Columbus, Georgia, with local offices
spread across the Americas, EMEA and Asia-Pacific. TSYS provides
services to more than half of the top 20 international banks, and has
been named one of the 2012 World's Most Ethical Companies by Ethisphere
magazine. For more information, please visit us at www.tsys.com.