The card processor Total System Services Inc. on Thursday announced an agreement to provide payment services to Degussa Bank GmbH's corporate and business clients.

The Columbus, Ga., processor said it would provide a broad range of products and services to the Frankfurt, Germany, bank under the multiyear agreement. It said the conversion of Degussa's card portfolio is planned for the first half of 2010.

"TSYS has strong experience and deep expertise in commercial cards and is the right partner to provide the level of service our clients expect," Karl-Heinz Golder, head of Degussa's cards unit, said in TSYS' press release.