Tsys (NYSE: TSS) today announced that it has finalised a long-term agreement with The Royal Bank of Scotland (RBS) to continue payment processing and related services for its UK, Irish and US consumer credit and commercial businesses.
Since 2001, The Royal Bank of Scotland portfolio has utilised TS2, TSYS' outsourced payments processing solution, in an agreement that marked TSYS' entry into Europe. TSYS now services more than 50 million accounts across 35 European clients.
"The Royal Bank of Scotland is a key client for TSYS, and we are pleased to announce the continuation of this mutually beneficial partnership," said Gaylon Jowers, President of TSYS International. "Being selected to continue processing RBS' consumer and commercial portfolios confirms our long term commitment to the European and US markets."
"The Royal Bank of Scotland Group made a strategic decision over 10 years ago to work with TSYS, during which time we have made many enhancements to our products and customer proposition," said William Higgins, Director, Group Operations, Royal Bank of Scotland. "After a thorough review process, we have made the decision to remain with