Tsys today announced it has signed a multi-year payment services agreement with Degussa Bank of Germany to provide a broad range of products and services for its corporate and business clients.
Following an evaluation process that included both global and German-market processors, Degussa Bank chose TSYS' highly specialised TS2® commercial card platform and other proprietary card management tools. Key factors in outsourcing to TSYS included its market-leading technology, proven delivery track record and the TSYS partnering approach. The conversion is planned for the first half of 2010 and will further expand TSYS' presence within the German market.
"TSYS has strong experience and deep expertise in commercial cards and is the right partner to provide the level of service our clients expect from us as we expand our market presence," said Karl-Heinz Golder, Head of Product Management Cards for Degussa Bank.
"Servicing Degussa Bank further enhances TSYS' reputation within the German market," said Bob Evans, group executive of TSYS International. "Germany is a key market for TSYS and provides a great foundation to further show TSYS' commitment to Europe as we continue to expand across the region."
Terms of the agreement were not disclosed.