Tsys announced today that it has entered into a long-term agreement with BancorpSouth, a regional bank holding company with $13.0 billion in assets and 286 locations primarily in the southern United States.
BancorpSouth provides traditional retail banking services along with credit card, mortgage, investment, insurance, trust and fiduciary services. It has selected TSYS to process its debit card and consumer and commercial credit card portfolios with a conversion scheduled for early 2012. In addition, TSYS will support card and statement production as well as fraud prevention services.
"We look forward to working with TSYS' industry-leading payment solutions and resources to manage and grow our debit and credit card portfolios," said Michael Lindsey, BancorpSouth senior vice president of retail banking. "Their focus on client relationship management and customer service parallels that of BancorpSouth."
"We are pleased that BancorpSouth has selected us as their partner to offer payment card solutions that are innovative and customer-service oriented," said M. Troy Woods, president and chief operation officer, TSYS. "BancorpSouth has a wonderful reputation in the financial services industry. We are proud and excited to work with this new partner to offer solutions that best serve their banking customers."
Terms of the agreement were not disclosed.