Tsys announced today that Fifth Third Bank has extended its payments services agreement through a multi-year contract renewal.
The renewal includes the processing of Fifth Third Bank's consumer and commercial credit card portfolios.
"TSYS has been a valued partner of Fifth Third for more than a decade," said Jon Groch, Fifth Third Bank director of Bankcard Services. "The company's TS2 platform has enabled us to consistently deliver the broad range of products with increased flexibility and superior service that our customers have grown to expect from Fifth Third Bank."
"It is exciting for us to work with an institution such as Fifth Third, whose spirit of innovation contributes to its highly-regarded reputation in the payments industry," said M. Troy Woods, president and chief operating officer of TSYS. "It understands the power of our solutions and the extent of our team's dedication to helping them deliver card programs designed to meet their customers' needs."
Terms of the multi-year agreement were not released.