Tsys announced today that it has signed a payments processing agreement with Globalcard for the launch of its consumer card portfolio.
Under terms of the agreement, TSYS will provide account processing services, risk management, portfolio management and reporting tools to Globalcard, a Mexican-based credit card company.
"TSYS has been a major player in the Mexican card market for more than 15 years, and we chose its team for their vast knowledge of our credit card industry," said Juan Garay, general director of Globalcard. "As we seek to expand our offerings to include better technology and greater service, partnering with a knowledgeable, strategic partner such as TSYS is critical to our long-term success."
"Our agreement with Globalcard demonstrates our continued commitment to the Mexican credit card market," said M. Troy Woods, president and chief operating officer of TSYS. "This partnership also stands as an example of the solid international growth our company is achieving as we continue to expand our global presence."
Financial terms of the agreement were not disclosed.