Tsys signs up credit unions

Source: Tsys

Tsys (TSS) today announced that it has signed a multi-year agreement with St. Mary's Bank - the nation's first credit union - to provide payments services for its consumer credit card portfolio.

"Partnering with TSYS to expand and enhance our consumer credit offerings seemed like a natural fit," said Steve Macek, director of Consumer Lending, St. Mary's Bank. "Their people-centered approach, coupled with the flexibility of their processing solution, was exactly what we were looking for in a partner."

Earlier this year, Oregon Community Credit Union also entered into a long-term payments agreement with TSYS to include its consumer credit card portfolio.

"We are excited to add St. Mary's Bank and Oregon Community Credit Union to the growing list of community and regional financial institutions that have chosen to bring their consumer credit card business to TSYS," said Philip W. Tomlinson, chairman and chief executive officer of TSYS. "Our TSYS Program Solutions division has worked hard to develop an end-to-end solution that brings value to institutions of all sizes from community banks and credit unions to regional institutions and global banks."

Financial terms of the agreements were not disclosed, but both credit unions will utilize TSYS' industry leading TS2 platform. 

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