TSYS, the outsourced payments services processor and Synovus spinoff, continues its international momentum with a deal to process credit cards for Mexico issuer Global Card. TSYS has provided services in the Mexican card market for 15 years, this deal involves a full suite of account processing services, risk management, portfolio management and reporting tools to help Global Card launch its Visa and private-label consumer credit cards for the unbanked market. The deal follows a first-quarter deal with Standard Bank of South Africa for card issuing and merchant acquisition activities across the African continent.
“This partnership also stands as an example of the solid international growth our company is achieving as we continue to expand our global presence,” notes M. Troy Woods, president and COO of TSYS, according to a statement.
Financial terms with Global Card were not disclosed.
