26 October 2016
Find out more

Virgin Money sings with Tsys

27 March 2014  |  1704 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 dh.comFind out more

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
8813 views comments | 33 tweets | 38 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8674 views comments
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
8026 views comments | 26 tweets | 28 linkedin
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
7964 views comments | 12 tweets | 27 linkedin
The payments cake is growingThe payments cake is growing
7833 views comments | 6 tweets | 11 linkedin

Featured job

Basic £100-120K plus significant MBO and quota Bon...
London based with substantial international travel

Find your next job