20 August 2017
Find out more

CIBC and Tsys renew processing agreement

25 May 2010  |  2634 views  |  0 Source: Tsys

TSYS announced today that Canadian Imperial Bank of Commerce (CIBC) has extended its payment services agreement with a multi-year contract renewal for the processing of CIBC's Visa consumer credit card portfolio.

CIBC ranks as the number one issuer of credit cards in Canada based on dollar volumes outstanding, and TSYS processes over 44 percent of all Visa and MasterCard credit card accounts in Canada.*

"We are pleased to announce that one of Canada's largest and most respected card issuers has chosen to extend their processing agreement with TSYS," said M. Troy Woods, president and chief operating officer, TSYS. "Both CIBC and TSYS recognize the level of customer service and innovation that are needed to succeed in today's environment, and are committed to continuing our strong relationship as we lead the Canadian credit card market together."

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.abe-eba.euvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9447 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8023 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7570 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7101 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6713 views comments | 14 tweets | 12 linkedin

Featured job

Find your next job