TSYS Renews Payments Agreement with Lloyds Banking Group
TSYS (NYSE: TSS) today announced that Lloyds Banking Group, the UK's leading provider of current accounts, savings, personal loans, credit cards and mortgages, has renewed its agreement with TSYS to continue to process the bank’s UK commercial card portfolio.
Lloyds Banking Group was formed in January 2009, and has the largest private shareholder base in the UK. The group has more than 30 million customers and approximately 75,000 employees. Operating a multi-brand strategy, the group’s main brands include: Lloyds Bank, Bank of Scotland, and Halifax, and has more than 2,000 branches throughout the UK.
Jennie Hill, head of Commercial Cards at Lloyds Banking Group, said: “Having worked with TSYS since 2007, we are continually shown the strength and resiliency of TSYS’ commercial card platform. We look forward to continuing to work with TSYS, benefiting from the continued investment in the platform so we can offer the best solutions for our customers.”
“Lloyds Banking Group is a key commercial card issuer in the UK and helps us to continue our position as the leading European commercial card processor. We will continue to support Lloyds Banking Group and work together to further grow the business and our relationship,” said Rob Hudson, group executive, TSYS International.
TSYS will continue to process the Lloyds Banking Group’s portfolio on the TS2® Commercial platform, whilst also providing additional customer services through TSYS Managed Services including customer servicing, collection and fraud management.
About Lloyds Banking Group
Lloyds Banking Group is a leading UK-based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group has a presence in nearly every community in the UK, and plays a vital role in helping millions of customers, communities and businesses to prosper.
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment providers, businesses and consumers. Our headquarters are in Columbus, Georgia, USA, and we operate in more than 80 countries with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management — delivered through partnership and expertise. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way toward the payments of tomorrow. We routinely post all important information on our website. For more, visit us at tsys.com.
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