TSYS (TSS) today announced that it has extended its existing card-processing agreement with Banco CSF S.A., the financial services arm of Carrefour in Brazil, through 2024.
TSYS supports Carrefour’s 12 million hybrid and private-label cards in circulation in Brazil on its market-leading TS Prime® processing solution. The Carrefour portfolio has grown 64% since the Carrefour and TSYS card program began in 2012.
“TSYS has been working with Banco CSF S.A. for the past five years and we are pleased to further expand our strategic partnership into the future, we will continue to provide capabilities to one of the strongest and best-known retail brands in Brazil and the world,” said Gaylon Jowers, president of TSYS International. “Together, we have created an efficient, secure and scalable operating model for sustainable success. This agreement reinforces our joint commitment to the Brazilian payments market as we look forward to further developments of innovative solutions to provide Carrefour customers the best, most reliable and most creative solutions in the Brazilian payments market.”
TSYS will continue to support Banco CSF’s growing business through its in-country operating infrastructure utilizing its local teams based in Campinas for technical, delivery and business expertise, while leveraging its global footprint in technology, servicing and product capabilities.