TSYS (TSS) announced today that it has extended its payments agreement with Mexico’s Banco INVEX S.A.
The multi-year agreement includes processing services for INVEX’s consumer and commercial credit card portfolios.
“We look forward to continuing our business relationship with TSYS, and are excited about consolidating our consumer line of business onto the more robust TS2® platform,” said Jean Marc Mercier, head of the Card Business for INVEX. “We feel this will position INVEX for future growth while offering our cardholders increased product options.”
“INVEX has been a valued client for more than 10 years, and this renewal is an example of our ongoing commitment to the Latin American market as we move forward and look for ways to continue our growth in the region as well as the support of our existing client base,” said Bill Pruett, president of the North America Services segment for TSYS.”
As part of the agreement, TSYS will continue to provide INVEX with additional services such as data analytics, fraud prevention and risk management tools.
Financial terms of the agreement were not disclosed.