Payment processing

BancVue Signs Partnership Deal With TSYS

Published September 07, 2010, 12:04 p.m. EDT

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Updated September 07, 2010, 11:04 a.m. EDT

1 Min Read

BancVue Ltd., an Austin, Texas-based product-development and marketing company focused on community banks and credit unions, on Sept. 7 announced a strategic partnership in which it will provide Total System Services Inc.’s electronic payments services to community financial institutions.

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“This partnership will go a long way toward supporting our mission of bringing innovative and market-ready products that empower our clients to offer card products that are competitive with the megabanks,” Gabriel Krajicek, BancVue CEO, stated in a news release.

The company last week announced the purchase of the Silverton Bank credit card portfolio from the Federal Deposit Insurance Corp. and indicated then that it soon will announce a full-service offering for community financial institutions that want to run their own card programs as direct issuers (see story).

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