22 October 2017
visit www.avoka.com

US Bank extends Tsys agreement

26 January 2010  |  1899 views  |  0 Source: Tsys

Tsys announced today that it has signed a new long-term agreement with U.S. Bank.

As part of the agreement, TSYS will continue to support the bank's commercial card payment services, as well as become its exclusive partner in providing card processing services for the bank's Consumer Directed Healthcare (CDH) benefit cards, issued by its Healthcare Payment Solutions business line.

The CDH agreement will allow U.S. Bank cardholders to eventually access multiple spending accounts, cash and lines of credit from a single card.

"Now, more than ever, consumers need to control and manage how their healthcare dollars are spent. We are confident that TSYS is the right choice for our business, as we continue to expand our suite of innovative, card-based healthcare payment options to those consumers," said Ralph Bernstein, senior vice president of U.S. Bank Healthcare Payment Solutions.

"U.S. Bank has been among the most valued commercial card clients for more than two decades, and we are proud to add this new element to our long-standing relationship," said M. Troy Woods, president and chief operating officer of TSYS. "We look forward to helping the bank develop cost-effective benefit payment choices for its consumer directed healthcare program."

Terms of the multi-year agreement were not released.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
12793 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11992 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9474 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8911 views comments | 11 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8503 views comments | 9 tweets | 18 linkedin

Featured job

London, UK (or flexible)

Find your next job