17 March 2018
visit www.nextgenbanking.co.uk

Virgin Money sings with Tsys

27 March 2014  |  1961 views  |  0 Source: Tsys

Tsys (TSS) today announced that it has reached a long-term agreement to provide consumer credit processing services along with value- added capabilities for Virgin Money customers within the United Kingdom.

Virgin Money selected Tsys' market leading TS2 platform to support its UK cards portfolio.

Virgin Money is a UK-based retail bank, providing savings, mortgages, credit cards, pensions, as well as investment and protection products to three million customers. The company is launching its own credit card business following the purchase of £1 billion in assets from MBNA.

TSYS will provide a flexible and reliable card processing solution for Virgin Money with value- added capabilities being provided through various partners, including TSYS Managed Services EMEA.

Michele Greene, director of banking for Virgin Money, said, "Virgin Money is continuing to build its range of banking services for customers and to offer real competition on the high street. TSYS was selected as our preferred long-term partner to help us build our credit card operation because of their strong capabilities in the UK and their flexible and secure solution that can grow and adapt with us as we build a successful business for the future."

Kelley Knutson, executive vice president of TSYS' International Services segment, said, "We will help to ensure Virgin Money's efforts to grow their cards business are successful by combining our experience in international markets with the strength of the Virgin brand. TSYS continues to develop and maintain strong relationships with key issuers in the UK and across Europe. It is a privilege to work with high-profile, and capable, companies such as Virgin Money and we look forward to our partnership." 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukVisit www.facebook.com/business/Visit http://info.nice.com

Top topics

Most viewed Most shared
Augmentum Fintech raises £94m in IPOAugmentum Fintech raises £94m in IPO
11488 views comments | 25 tweets | 5 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
6218 views comments | 18 tweets | 17 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
6149 views comments | 8 tweets | 7 linkedin
Starling and TrueLayer integrate for open bankingStarling and TrueLayer integrate for open...
6062 views comments | 13 tweets | 9 linkedin
Capital One virtual assistant can now issue virtual card numbersCapital One virtual assistant can now issu...
5999 views comments | 12 tweets | 10 linkedin

Featured job

Hong Kong, Asia-Pacific

Find your next job