27 September 2016
Find out more

Virgin Money sings with Tsys

27 March 2014  |  1686 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)
Find out moreVisit www.abe-eba.euVisit www.smartstream-stp.com

Who is commenting?

A Finextra member Finextra Member Commented on: PSD2 - opportunities,...
A Finextra member Finextra Member Commented on: R3 banks use Intel dis...

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
13775 views comments | 54 tweets | 47 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8753 views comments | 17 tweets | 27 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
8574 views comments | 32 tweets | 17 linkedin
FCA to kickstart sandbox with 24 applicantsFCA to kickstart sandbox with 24 applicant...
7129 views comments | 33 tweets | 15 linkedin
Banks clubbing together to tackle KYCBanks clubbing together to tackle KYC
7035 views comments | 3 tweets | 8 linkedin

Featured job

Find your next job