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TSYS, Branch Banking and Trust Company, and BB&T Bankcard Corporation extended their card processing relationship through a three-year contract renewal announced today.
Under the terms of the agreement, both companies, which are wholly-owned subsidiaries of Winston-Salem, N.C.-based BB&T Corporation (NYSE:BBT), will utilize the TSYS credit, debit and commercial platforms, including TSYS' subsidiary ProCard, which will provide technology support and services for BB&T's commercial card accounts. BB&T has been a TSYS client since 1997.
"BB&T is a true market innovator whose focus on satisfying their customers is well known throughout the industry. Their card portfolios are important tools that strengthen their overall client relationships, and generate revenues for the banking operation. We appreciate the confidence BB&T continues to place in us as their strategic partner," said M. Troy Woods, TSYS president and chief operating officer.
"TSYS' best-in-class processing services enable us to offer innovative card products designed around our customers' needs," said Bud Tremblay, executive vice president and manager of BB&T Bankcard and Merchant Services.
"TSYS' culture, which is focused on service and people, is complementary to our decentralized approach to banking," Tremblay said.