Tsys (TSS) announced today that it has signed a payments agreement with Scotiabank (BNS) to provide processing services for Scotiabank's banking cards portfolio in Mexico.
The agreement calls for Scotiabank to convert its consumer card portfolio in Mexico to TSYS' industry leading TS2 platform. In addition to processing services, TSYS will also provide campaign and data management, and fraud and risk management tools as part of the agreement.
"Our options-driven TS2 platform, with its proven multi-country and multi-lingual capabilities, is the perfect fit for Scotiabank's international cards portfolio," said M. Troy Woods, president and chief operating officer of TSYS. "The capabilities of our technology, together with our experience in the markets where Scotiabank has a presence, is a great combination that will breed a successful partnership for years to come."
Terms of the multi-year agreement were not released.
© Finextra Research 2013