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TSYS announced at 13. July 2017 that it has extended its commercial payments agreement with Degussa Bank in Germany. The multi-year agreement covers a broad range of products and services that TSYS will provide Degussa Bank’s corporate and business clients.
Degussa Bank offers a low cost, efficient solution for its commercial clients. TSYS provides processing services for the bank’s Mastercard and Visa products, as well as account decisioning and fraud and risk management services. A TSYS client since 2010, Degussa Bank chose TSYS for its market-leading technology, a proven delivery track record and its partnering approach.
Terms of the long-term agreement were not released.