TSYS (TSS) today announced it has extended its payments agreement with Swisscard AECS GmbH to continue processing the company’s consumer credit and commercial card portfolios on the TS® platform, as well as to provide other payment services.
Swisscard AECS GmbH is a joint venture between Credit Suisse AG and American Express. Swisscard AECS GmbH is the only company in Switzerland to offer the world’s leading credit card brands — American Express, MasterCard and Visa — from a single source. Customers managed by Swisscard AECS GmbH have the largest choice of credit card products on the Swiss market.
“Swisscard is a leader in Switzerland, and an important client for TSYS as we continue to grow across Europe,” said Rob Hudson, group executive of TSYS International. “We look forward to delivering innovative new products and services to help them continue providing excellent service for their cardholders.”
“The stability and availability that TSYS’ systems have provided us throughout our relationship have been important for our business performance,” said Boris Kraus, head of IT Service Management and Control of Swisscard AECS GmbH. “They understand where we are today and where we want to go, and we look forward to continue working with TSYS to provide our cardholders excellent card processing services.”
No terms of the long-term agreement were announced.